Stock Options (Tables)

12 Months Ended

Dec. 31, 2017

Stock Options Tables

Summary of stock option activity

	Number of Options			Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value ($)
Outstanding at December 31, 2015		257,500			1.07
Grants		187,500			1.92
Forfeitures		(40,000	)		1.65
Exercises		(20,000	)		0.80
Outstanding at December 31, 2016		385,000			1.42
Grants		310,000			4.20
Exercises		(150,000	)		1.12
Outstanding at December 31, 2017		545,000			3.09	8.61 years		972,325
Exercisable at December 31, 2017		390,000			2.80	8.47 years		805,475
Available for grant at December 31, 2017		19,338,572

Summary of assumption of stock option activity

	Years Ended December 31,
	2017			2016
Risk-free interest rate	1.93% - 2.39		%	1.23%-1.41		%
Expected life in years	5.5 – 10.0				5.5
Weighted Avg. Expected Volatility	98% - 106		%		92	%
Expected dividend yield		0			0

Summary of consolidated statement of operations

	Years Ended December 31,
	2017		2016
Research and development	$	100,630	$	-
General and administrative		803,374		282,262
Total	$	904,004	$	282,262

Summary of stock options outstanding and exercisable

		Stock Options Outstanding						Stock Options Exercisable
Range of Exercise Prices		Number of Shares Subject to Outstanding Options		Weighted Average Contractual Life (years)		Weighted Average Exercise Price		Number of Shares Subject To Options Exercise		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price
	0.80		10,000		6.62		0.80		10,000		6.62		0.80
	1.05		55,000		6.25		1.05		35,000		6.25		1.05
	1.25		7,500		7.46		1.25		7,500		7.46		1.25
	1.34		7,500		7.50		1.34		7,500		7.50		1.34
	1.65		10,000		7.84		1.65		10,000		7.84		1.65
	1.70		7,500		7.79		1.70		7,500		7.79		1.70
	1.91		130,000		8.21		1.91		130,000		8.21		1.91
	2.28		7,500		8.55		2.28		7,500		8.55		2.28
	4.20		310,000		9.36		4.20		175,000		9.36		4.20
Total			545,000		8.61	$	3.09		390,000		8.47	$	2.80