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4. STOCK OPTIONS (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Value Assumptions

 

 

2018

Dividends

 

0%

Volatility factor

 

156%

Expected life

 

10 years

Annual forfeiture rate

 

0%

 

Summary of Stock Option Activity

The following is a summary of the Company’s stock option activity for the nine months ended at September 30, 2018:

 

 

 

Number of

Shares

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Weighted-

Average

Remaining

Contractual

Term In Years

 

 

Aggregate

Intrinsic

Value

 

Outstanding at December 31, 2017

 

 

449,480,441

 

 

$

0.0026

 

 

8.28

 

 

 

 

 

Granted

 

 

1,455,000,000

 

 

$

0.0008

 

 

9.84

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Cancelled and forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2018

 

 

1,904,480,441

 

 

$

0.0012

 

 

 

9.29

 

 

$

—

 

Exercisable at September 30, 2018

 

 

1,176,980,441

 

 

$

0.0015

 

 

 

9.29

 

 

$

—