Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

STOCK OPTIONS AND WARRANTS (Tables)

6 Months Ended

Jun. 30, 2018

Warrant [Member]

Summary of stock option plan and warrants

Warrants Outstanding												Warrants Exercisable
Exercise Prices				Number Outstanding				Weighted Average Remaining Contractual Life (Years)				Weighted Average Exercise Price				Number Exercisable				Weighted Average Remaining Contractual Life (Years)

$	0.25				1,275,000				1.02			$	0.25				1,275,000				1.02

Transactions involving stock option plan and warrants

		Number of Shares				Weighted Average Exercise Price Per Share
Outstanding at January 1, 2018			2,430,000			$	0.91
Issued			-
Exercised			-
Expired			(1,155,000	)			1.00
Outstanding at June 30, 2018			1,275,000			$	0.25

Stock Options [Member]

Fair value of stock-based payment awards

Risk-free interest rate			2.85	%
Dividend yield			0	%
Stock price volatility			135.18	%
Expected life		5.50 years

Summary of stock option plan and warrants

		Shares				Weighted-Average Exercise Price				Weighted-Average Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at December 31, 2017			47,885,000			$	0.04				7.5			$	5,927,877
Grants			31,500,000				0.14				10.0				-
Exercised			-
Expired			-								-				-
Outstanding at June 30, 2018			79,385,000			$	0.081				8.2			$	4,234,190
Exercisable at June 30, 2018			47,885,000			$	0.04				7.0			$	4,234,190

Transactions involving stock option plan and warrants

Options Outstanding												Options
								Weighted Average				Exercisable Exercisable
Exercise				Number of				Remaining Life				Number of
Price				Options				In Years				Options

$	0.01-0.025				33,035,000				8.0				33,035,000
	0.0251-0.05				3,500,000				2.1				3,500,000
	0.051-0.14				42,850,000				8.9				11,350,000
					79,385,000				8.2				47,885,000