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Stockholders' Equity (Deficit) (Tables)
6 Months Ended
Jun. 30, 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   (1,560,000)  $- 
Outstanding – June 30, 2019   4,927,500   $0.31 
Exercisable – June 30, 2019   3,033,021   $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
 
                          
$0.13 – 0.94    4,927,500   3.4 years  $0.31    3,033,021   $0.41 
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.

 

    June 30, 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 – June 30, 2019   16,666,667   $0.15 
Exercisable – June 30, 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   2.42 years  $0.15    16,666,667   $0.15