WARRANTS AND STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2017

Stock Options And Warrants Tables

Summary warrant activity

	Warrants Outstanding			Weighted Average Exercise Price
Outstanding, December 31, 2016		101,396,416		$	0.16
Granted		50,000,010			0.15
Exercised		-			-
Expired		-			-
Exchanged		(146,212,905	)		0.15
Outstanding, March 31, 2017		5,183,521		$	0.20
Granted		3,000,002			0.15
Exercised		-			-
Expired		-			-
Exchanged		(3,000,002	)		0.15
Outstanding, June 30, 2017		5,183,521		$	0.20

Outstanding warrants to purchase its common stock

Warrants Outstanding		Weighted Average Exercise Price Per Share		Weighted Average Remaining Life (Yrs.)
	3,281,452	$	0.15		1.36
	427,633	$	0.19		3.22
	737,218	$	0.25		0.69
	737,218	$	0.38		0.69
	5,183,521	$	0.20		1.33

Non-Qualified Stock Options assumptions used

	2017
Expected life	2.5 years
Estimated volatility		75.0	%
Risk-free interest rate		0.66	%
Dividends		-

Stock option activity

Stock option activity during the six months ended June 30, 2017 is summarized as follows:

	Options Outstanding			Weighted Average Exercise Price
Options outstanding at December 31, 2016		3,460,000		$	0.15
Exercised		-			0.15
Granted		2,000,000			0.15
Forfeited		(1,220,000	)		0.15
Expired		-			-
Options outstanding at June 30, 2017		4,240,000		$	0.15

A summary of the Company’s restricted Common Stock activity during the six months ended June 30, 2017 is summarized as follows:

	Restricted Common Stock Awards
Outstanding, December 31, 2016		12,772,229
Granted		-
Issued		-
Forfeited		-
Outstanding, June 30, 2017		12,772,229