WARRANTS AND STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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
Granted		11,733,340			0.15
Exercised		-			-
Expired		-			-
Exchanged		(7,267,333	)		0.15
Outstanding, September 30, 2017		9,649,528		$	0.18

Outstanding warrants to purchase its common stock

Warrants Outstanding		Weighted Average Exercise Price Per Share		Weighted Average Remaining Life (Yrs.)
	7,747,459	$	0.15		3.30
	427,633	$	0.19		2.97
	737,218	$	0.25		0.44
	737,218	$	0.38		0.44
	9,649,528	$	0.18		2.85

Non-Qualified Stock Options assumptions used

	2017
Expected life	30 months
Estimated volatility		75	%
Risk-free interest rate		1.1	%
Dividends		-

Stock option activity

Stock option activity during the nine months ended September 30, 2017 is summarized as follows:

	Options Outstanding			Weighted Average Exercise Price
Options outstanding at December 31, 2016		3,460,000		$	0.15
Exercised		-			-
Granted		41,390,782			0.07
Forfeited		(1,220,000	)		0.15
Expired		-			-
Options outstanding at September 30, 2017		43,630,782		$	0.08

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

	Restricted Common Stock Awards
Outstanding, December 31, 2016		12,772,229
Granted		3,591,240
Issued		(2,289,156	)
Forfeited		(10,720,252	)
Outstanding, September 30, 2017		3,354,061