Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Summary of Stock Option Activity

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

	Options			Weighted Average Exercise Price
Outstanding – December 31, 2015		9,933,500		$	0.70
Exercisable – December 31, 2015		4,332,500		$	0.45
Granted		1,100,000		$	0.53
Exercised		-		$	-
Forfeited/Cancelled		(6,614,500	)	$	-
Outstanding – September 30, 2016		4,419,000		$	0.57
Exercisable – September 30, 2016		1,240,000		$	0.46

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 - 0.94		4,419,000	3.11 years	$	0.57		1,240,500	$	0.46