XML 29 R17.htm IDEA: XBRL DOCUMENT

WARRANTS AND STOCK BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

Stock Options And Warrants Tables

Summary warrant activity

		Warrants Outstanding				Weighted Average Exercise Price
Outstanding, December 31, 2017			11,982,864			$	0.17
Granted			1,383,334				0.15
Exercised			-				-
Expired			(1,474,436	)			0.32
Outstanding, March 31, 2018			11,891,762			$	0.15
Granted			-				-
Exercised			-				-
Expired			(914,149	)			0.15
Outstanding, June 30, 2018			10,977,613			$	-
Granted			-				-
Exercised			-				-
Expired			(85,454	)			0.15
Outstanding, September 30, 2018			10,892,159			$	0.15

Outstanding warrants to purchase its common stock

	Warrants Outstanding				Weighted Average Exercise Price Per Share				Weighted Average Remaining Life (Yrs.)
		10,464,526			$	0.15				3.22
		427,633				0.19				1,97
		10,892,159			$	0.15				3.17

Non-Qualified Stock Options assumptions used

		2018
Expected life		30 months
Estimated volatility			75	%
Risk-free interest rate			1.1	%
Dividends			-

Stock option activity

		Options Outstanding				Weighted Average Exercise Price
Options outstanding at December 31, 2017			41,770,782			$	0.080
Exercised			-				-
Granted			70,624,891				0.015
Forfeited			(20,635,847	)			0.070
Expired			-				-
Options outstanding at September 30, 2018			91,759,826			$	0.018

		Restricted Common Stock Awards
Outstanding, December 31, 2017			3,354,061
Granted			-
Issued			-
Forfeited			(1,854,061	)
Outstanding, September 30, 2018			1,500,000

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.

+ References + Details