STOCK OPTIONS AND WARRANTS (Tables)
|
9 Months Ended |
Sep. 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 |
|
|
|
0.77 |
|
|
$ |
0.25 |
|
|
|
1,275,000 |
|
|
|
0.77 |
|
| |
1.00 |
|
|
|
5,750,000 |
|
|
|
2.61 |
|
|
|
1.00 |
|
|
|
5,750,000 |
|
|
|
2.61 |
|
| $ |
|
|
|
|
7,025,000 |
|
|
|
2.27 |
|
|
$ |
0.86 |
|
|
|
7,025,000 |
|
|
|
2.27 |
|
|
| 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 |
|
|
5,750,000 |
|
|
|
1.00 |
|
| Exercised |
|
|
- |
|
|
|
|
|
| Expired |
|
|
(1,155,000 |
) |
|
|
1.00 |
|
| Outstanding
at September 30, 2018 |
|
|
7,025,000 |
|
|
$ |
0.86 |
|
|
| 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 September 30, 2018 |
|
|
79,385,000 |
|
|
$ |
0.081 |
|
|
|
7.9 |
|
|
$ |
2,832,140 |
|
| Exercisable
at September 30, 2018 |
|
|
55,760,000 |
|
|
$ |
0.06 |
|
|
|
7.2 |
|
|
$ |
2,832,140 |
|
|
| 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 |
|
|
|
19,225,000 |
|
| |
|
|
|
79,385,000 |
|
|
|
8.2 |
|
|
|
55,760,000 |
|
|