Quarterly report pursuant to Section 13 or 15(d)

6. Stock Options and Warrants (Tables)

v3.7.0.1
6. Stock Options and Warrants (Tables)
6 Months Ended
Jun. 30, 2017
Warrant [Member]  
Schedule of Fair Value Assumptions
    June 30, 2017     June 30, 2016  
Expected volatility     171%       121%  
Risk-free interest rate     1.5%       1.08%  
Expected dividend yield     0%       0%  
Expected life     2.5 years       3 years  
Schedule of Warrant Activity
    Number of
Warrants
    Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Term
 
Balance outstanding, December 31, 2016     46,958,072     $ 0.11       2.13  
Granted     350,000       0.01       2.81  
Exercised     (1,850,000 )     0.01       2.30  
Forfeited/expired     (885,875 )     0.09        
Balance outstanding, June 30, 2017     44,572,197       0.10       1.66  
Exercisable, June 30, 2017     44,572,197     $ 0.10       1.66  
Stock Option [Member]  
Schedule of Fair Value Assumptions
    February 14, 2017 May 8, 2017  
Expected volatility     173% 194%  
Risk-free interest rate     2.47% 2.39%  
Expected dividend yield     0% 0%  
Expected life     10 years 10 years  
Summary of Stock Options Activity
    Number of
Options
    Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Term
 
Balance outstanding, December 31, 2016     900,000     $ 0.17       4.67  
Granted     5,450,000       0.05       9.65  
Exercised                  
Forfeited/expired     (750,000 )     0.15        
Balance outstanding, June 30, 2017     5,600,000     $ 0.06       9.60  
Exercisable, June 30, 2017     1,933,332     $ 0.07       9.53