Stock Options (Tables)

9 Months Ended

Sep. 30, 2017

Summary of Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2017 is as follows:

	Outstanding Stock Options			Weighted-Average Exercise Price		Aggregate Intrinsic Value (1)
Balance as of December 31, 2016		4,390,000		$	1.12	$	-
Expired		(60,000	)		0.38		-
Balance as of September 30, 2017		4,330,000		$	0.42	$	-
Exercisable as of September 30, 2017		2,330,000		$	0.73	$	-
Equity awards available for grant, net of restricted stock (811,576) at September 30, 2017		4,858,424

(1) Amounts represent the difference between the exercise price and the fair value of common stock at period end for all in the money options outstanding based on the fair value per share of common stock.

2016 Incentive Plan [Member]

Summary of Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2017 is as follows:
	Outstanding Stock Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value (1)
Balance as of December 31, 2016		2,250,000		0.17
Balance as of September 30, 2017		2,250,000	$	0.17	$	-
Exercisable as of September 30, 2017		2,250,000	$	0.17	$	-