STOCK OPTION PLAN AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of activity under Stock Plans

The following table summarizes the Company’s stock option activity during the three months ended March 31, 2017:

	Shares			Exercise Price per Share		Weighted Average Exercise Price per Share
Outstanding as of December 31, 2016		12,289,000		$	0.10-1.21	$	0.39
Granted		-			-		-
Exercised		-			-		-
Options forfeited/cancelled		(195,000	)		0.10		0.10
Outstanding as of March 31, 2017		12,094,000		$	0.10-1.21	$	0.39

Schedule of information about stock options vested or expected to vest

The following table summarizes information about stock options that are vested or expected to vest at March 31, 2017: 

Vested or Expected to Vest										Exercisable Options
				Weighted		Weighted						Weighted		Weighted
				Average		Average						Average		Average
				Exercise		Remaining		Aggregate		Number		Exercise		Remaining		Aggregate
Exercise		Number of		Price Per		Contractual		Intrinsic		of		Price		Contractual		Intrinsic
Price		Options		Share		Life (Years)		Value		Options		Per Share		Life (Years)		Value
$	0.10		1,600,000	$	0.10		8.95	$	-		1,600,000	$	0.10		8.95	$	-
	0.18		934,000		0.18		6.25		-		934,000		0.18		6.25		-
	0.20		2,150,000		0.20		4.66		-		2,150,000		0.20		4.66		-
	0.37		58,000		0.37		5.42		-		58,000		0.37		5.42		-
	0.40		2,000,000		0.40		4.42		-		-		0.40		4.42		-
	0.42		63,000		0.42		3.75		-		63,000		0.42		3.75		-
	0.50		2,810,000		0.50		0.80		-		2,810,000		0.50		0.80		-
	0.60		2,000,000		0.60		4.42		-		-		0.60		4.42		-
	0.69		100,000		0.69		7.00		-		100,000		0.69		7.00		-
	1.21		379,000		1.21		6.78		-		379,000		1.21		6.78		-
$	0.10-1.21		12,094,000	$	0.39		4.46	$	-		8,094,000	$	0.39		4.46	$	-