XML 41 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock Options and Warrants (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Common Stock Option

A summary of the common stock options for the period from December 31, 2015 through March 31, 2016 follows:

 

    Number Outstanding    

Weighted Avg.

Exercise Price

   

Weighted Avg.

Remaining

Contractual

Life (Years)

 
Balance, December 31, 2015     12,380,000     $ 0.123       6.0  
Options issued     450,000       0.002          
Options exercised                        
Expired     (150,000 )     (.098 )        
Balance, March 31, 2016     12,680,000     $ 0.106       5.8  

Schedule of Vested and Exercisable Options

The vested and exercisable options at period end follows:

 

   

Exercisable/

Vested

Options

Outstanding

   

Weighted Avg. Exercise

Price

   

Weighted Avg.

Remaining

Contractual

Life (Years)

 
Balance March 31, 2016     11,030,000     $ .128       5.1  
Additional vesting by June 30, 2016     450,000       .0003       9.0  

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of new stock options, re-priced stock options, new purchase warrants and re-priced purchase warrants granted using the Black-Scholes option pricing model was calculated using the following assumptions:

 

    Three Months Ended
March 31, 2016
    Three Months Ended
March 31, 2015
 
Risk free interest rate     .87 %     .89 %
Expected volatility     136 %     102 %
Expected term     3       3  
Expected dividend yield     0 %     0 %
Average value per options and warrants   $ .0019     $ .0003  

Schedule of Outstanding Vested Warrant Activity

A summary of outstanding vested warrant activity for the period from December 31, 2014 to March 31, 2016 follows:

 

   

Number

Outstanding

   

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life (Years)

 
Common Stock Warrants                        
Balance, December 31, 2015     1,125,000     $ .042       2.05  
Warrants exercised-cashless     -       -       -  
Warrants issued     -       -       -  
Warrants expired     -       -       -  
Warrants cancelled     -       -       -  
Balance, March 31, 2016     1,125,000     $ .042       .91