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STOCK OPTIONS (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of the activities for stock options
The following table summarizes the activities for our stock options for the three months ended March 31, 2017:

 
   
Options Outstanding
  
               
Weighted -
        
               
Average
        
               
Remaining
    
Aggregate
  
         
Weighted-
    
Contractual
    
Intrinsic
  
   
Number of
    
Average
    
Term
    
Value
  
   
Shares
    
Exercise Price
    
(in years)
    
(in 000's) (1)
  
                         
Balance as of December 31, 2016
    
3,282,647
    
$
0.52
      
7.9
        
                               
Granted
    
725,000
      
0.14
                
Forfeited/cancelled
    
(50,000
)
    
(0.57
)
              
                               
Balance March 31, 2017
    
3,957,647
    
$
0.45
      
7.2
    
$
29
  
                                 
Exercisable at March 31, 2017
    
3,882,647
    
$
0.46
      
7.3
    
$
26
  
                                 
Exercisable at March 31, 2017 and expected to
                                
  vest thereafter
    
3,882,647
    
$
0.46
      
7.3
    
$
26
  
 
(1)
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the closing stock price of $0.12 for the Company’s common stock on March 31, 2017.
Summary of the activities for unvested stock options
The following table summarizes the activities for the Company’s unvested stock options for the three months ended March 31, 2017:
 
 
Unvested Options
  
     
Weighted -
  
     
Average
  
     
Grant
  
 
Number of
  
Date Fair
  
 
Shares
  
Value (1)
  
Balance December 31, 2016
    
-
    
$
-
  
                 
Granted
    
725,000
      
0.07
  
                 
Vested
    
(650,000
)
    
(0.07
)
                 
Cancelled/forfeited/expired
    
-
      
-
  
                 
Balance March 31, 2017
    
75,000
    
$
0.07
  
Summary of the activities for warrants
The following table summarizes the activities for our warrants for the three months ended March 31, 2017:

   
Warrants Outstanding
  
               
Weighted -
        
               
Average
        
               
Remaining
    
Aggregate
  
         
Weighted-
    
Contractual
    
Intrinsic
  
   
Number of
    
Average
    
Term
    
Value
  
   
Shares
    
Exercise Price
    
in years)
    
(in 000's) (1)
  
Balance, December 31, 2016
    
9,216,452
    
$
1.82
      
3.7
    
$
10
  
                                 
Granted
    
7,250,000
      
0.40
                  
                                 
                                 
Balance, March 31, 2017
    
16,466,452
    
$
1.19
      
4.1
    
$
11
  
                                 
Exercisable at March 31, 2017
    
16,466,452
    
$
1.19
      
4.1
    
$
11
  
 
(1)
The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the closing stock price of $0.12 for the Company’s common stock on March 31, 2017.