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Stockholders' Equity (Deficit) (Tables)
3 Months Ended
Mar. 31, 2019
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, 2018     4,345,000     $ 0.52  
Exercisable – December 31, 2018     3,492,500     $ 0.59  
Granted     2,142,500     $ 0.13  
Exercised     -     $ -  
Forfeited/Cancelled     -     $ -  
Outstanding – March 31, 2019     6,487,500     $ 0.39  
Exercisable – March 31, 2019     3,592,500     $ 0.59  

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
 
                                     
$ 0.13 – 0.94       6,487,500     2.8 years   $ 0.39     3,592,500   $ 0.59  

Schedule of Weighted Average Assumptions

The warrants have an aggregated fair value of approximately $167,440 that was calculated using the Black-Scholes option-pricing model based on the assumptions below.

 

    March 31, 2019  
Risk-free interest rate     2.58 %
Expected life of grants     3.5 years  
Expected volatility of underlying stock     169.88 %
Dividends     0 %

Summary of Stock Warrants Activity

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

 

    Warrants     Weighted
Average
Exercise
Price
 
             
Outstanding – January 1, 2018     16,666,667     $ 0.15  
Exercisable – January 1, 2018     16,666,667     $ 0.15  
Granted     -     $ -  
Exercised     -     $ -  
Forfeited/Cancelled     -     $ -  
Outstanding – December 31, 2018     16,666,667     $ 0.15  
Exercisable – December 31, 2018     16,666,667     $ 0.15  
Granted     -     $ -  
Exercised     -     $ -  
Forfeited/Cancelled     -     $ -  
Outstanding – March 31, 2019     16,666,667     $ 0.15  
Exercisable – March 31, 2019     16,666,667     $ 0.15  

Schedule of Information Regarding Stock Warrants Outstanding

Warrants Outstanding     Warrants Exercisable
Exercise Price     Number
Outstanding
    Weighted
Average
Remaining
Contractual Life
(in years)
    Weighted
Average
Exercise Price
    Number
Exercisable
    Weighted
Average
Exercise Price
                                           
$ 0.15       16,666,667       2.67 years     $ 0.15       16,666,667     $ 0.15