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Common Stock Options, Warrants and Restricted Stock Units
 3 Months Ended
Mar. 31, 2019
Share-based Payment Arrangement [Abstract]  
Common Stock Options, Warrants and Restricted Stock Units

NOTE 8: COMMON STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS

 

Common Stock Options

 

The Company recognizes in the financial statements compensation related to all stock-based awards, including stock options and warrants, based on their estimated grant-date fair value. The Company has estimated expected forfeitures and is recognizing compensation expense only for those awards expected to vest. All compensation is recognized by the time the award vests.

 

The following schedule summarizes the changes in the Company’s stock options:

 

                Weighted           Weighted  
    Options Outstanding     Average           Average  
    Number     Exercise     Remaining     Aggregate     Exercise  
    Of     Price     Contractual     Intrinsic     Price  
    Shares     Per Share     Life     Value     Per Share  
                               
Balance at December 31, 2018     90,544,169     $ 0.14-15.00       6.75 years     $ -     $ 0.03  
                                         
Options granted     -     $ -       -             $ -  
Options exercised     -     $ -       -             $ -  
Options expired     -     $ -       -             $ -  
                                         
Balance at March 31, 2019     90,544,169     $ 0.14-15.00       6.50 years     $ -     $ 0.03  
                                         
Exercisable at March 31, 2019     90,544,169     $ 0.14-15.00       6.50 years     $ -     $ 0.03  

 

During the three months ended March 31, 2019 and 2018, the Company recognized $0 and $23,755 worth of stock based compensation related to the vesting of its stock options.

 

Common Stock Warrants

 

The following schedule summarizes the changes in the Company’s stock warrants:

 

          Weighted           Weighted  
    Warrants Outstanding     Average           Average  
    Number     Exercise     Remaining     Aggregate     Exercise  
    Of     Price     Contractual     Intrinsic     Price  
    Shares     Per Share     Life     Value     Per Share  
                               
Balance at December 31, 2018     184,419,772     $ 0.01-10 .00      1.77 years     $            -     $ 0.01  
                                         
Warrants granted     20,675,000     $ 0.005 -0.01       -             $ 0.01   
Warrants exercised     -     $ -       -             $    
Warrants expired/cancelled     -     $ -       -             $    
                                         
Balance at March 31, 2019     205,094,772     $ 0.01 –10.00       1.56 years     $ -     $ 0.01  
                                         
Exercisable at March 31, 2019     205,094,772     $ 0.01-10.00       1.56 years     $ -     $ 0.01  

 

For the three months ended March 31, 2019, the Company granted 10,000,000 warrants in the issuance of common and preferred shares issued for cash to accredited investors, 10,000,000 warrants in the issuance of promissory notes (recorded as a debt discount valued at $28,721), and 675,000 warrants issued for consulting services valued at $3,792.

 

Restricted Stock Units

 

The following schedule summarizes the changes in the Company’s restricted stock units:

 

          Weighted  
    Number     Average  
    Of     Grant Date  
    Shares     Fair Value  
             
Balance at December 31, 2018     2,100,000     $ 0.07  
                 
RSU’s granted     -     $ -  
RSU’s vested     -     $ -  
RSU’s forfeited     -     $ -  
                 
Balance at March 31, 2019     2,100,000     $ 0.07  

 

During the three months ended March 31. 2019 and 2018, the Company recognized $0 and $52,094 worth of expense related to the vesting of its RSU’s. As of March 31, 2019, the Company had $155,400 worth of expense yet to be recognized for RSU’s not yet vested.