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WARRANTS (Tables)

9 Months Ended

Sep. 30, 2016

Stock Options And Warrants Tables

Summary warrant activity

		Warrants Outstanding				Weighted Average Exercise Price
Outstanding, December 31, 2015			66,919,107			$	0.18
Granted			3,362,746				0.16
Exercised			(200,000	)			0.15
Expired			(61,453	)			30.00
Outstanding, March 31, 2016			70,020,400			$	0.16
Granted			16,666,667				0.15
Exercised			(100,000	)			0.15
Expired			-				-
Outstanding, June 30, 2016			86,587,067			$	0.16
Granted			16,666,670				0.15
Exercised			-				-
Expired			-				-
Outstanding, September 30, 2016			103,253,737			$	0.16

Outstanding warrants to purchase its common stock

	Warrants Outstanding				Weighted Average Exercise Price Per Share				Weighted Average Remaining Life (Yrs.)
		1,474,435			$	0.38				1.03
		1,120,479			$	0.25				1.24
		1,164,476			$	0.19				4.26
		1,029,413			$	0.17				4.56
		98,464,934			$	0.15				3.90
		103,253,737			$	0.16				4.10

Non-Qualified Stock Options assumptions used

		2016
Expected life		2.5 years
Estimated volatility			75.0	%
Risk-free interest rate			0.66	%
Dividends			-

Stock option activity

		Options Outstanding				Weighted Average Exercise Price
Options outstanding at December 31, 2015			-			$	-
Exercised			-				-
Granted			-				-
Forfeited			-				-
Expired			-				-
Options outstanding at March 31, 2016			-			$	-
Exercised			-				-
Granted			-				-
Forfeited			-				-
Expired			-				-
Options outstanding at June 30, 2016			-			$	-
Exercised			-				-
Granted			3,460,000			$	0.15
Forfeited			-				-
Expired			-				-
Options outstanding at September 30, 2016			3,460,000			$	0.15

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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