Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Activity

The following is a summary of the Company’s option activity:

	Options			Weighted Average Exercise Price
Outstanding – January 1, 2014		4,462,500		$	0.40
Exercisable – January 1, 2014		812,500		$	0.40
Granted		5,262,500		$	0.97
Exercised		-		$	-
Forfeited/Cancelled		-		$	-
Outstanding – December 31, 2014		9,725,000		$	0.71
Exercisable – December 31, 2014		1,592,500		$	0.44
Granted		218,500		$	0.41
Exercised		(10,000	)	$	-
Forfeited/Cancelled		-		$	-
Outstanding – December 31, 2015		9,933,500		$	0.70
Exercisable – December 31, 2015		4,332,500		$	0.41

Schedule of Information Regarding Stock Options Outstanding

		Options Outstanding				Options Exercisable
Exercise Price		Number Outstanding	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
$	0.40 - 1.50	9,933,500	2.68 years	$	0.70	4,332,500	$	0.41

Schedule of Weighted Average Assumptions

The following table summarizes the range of assumptions the Company utilized to estimate the fair value of the options issued during the year ended December 31, 2015 and 2014:

Assumptions	December 31, 2015			December 31, 2014
Expected term (years)		5.00			5.00
Expected volatility		122	%		136%-176	%
Risk-free interest rate		1.71	%		1.63%-1.80	%
Dividend yield		0.00	%		0.00	%