STOCK OPTION PLAN AND STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2018

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

Schedule of assumptions for fair value of stock options

The fair value of stock options granted and revaluation of non-employee consultant options for the nine months ended September 30, 2018 was calculated with the following assumptions:

	2018
Risk-free interest rate		2.3	%
Expected dividend yield		0	%
Volatility factor		217.6	%
Expected life of option		5 years

Schedule of activity under stock plans

The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2018:

	Shares		Exercise Price per Share		Weighted Average Exercise Price per Share
Outstanding as of December 31, 2017		9,594,000	$	0.10 – 1.21	$	0.36
Granted		4,000,000		0.06 – 0.20		0.12
Exercised		—		—		—
Options forfeited/cancelled		—		—		—
Outstanding as of September 30, 2018		13,594,000	$	0.06 – 1.21	$	0.29

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 September 30 2018:

				Vested or Expected to Vest										Exercisable Options
Exercise Price		Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value		Number of Options		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
$	0.06		1,333,334	$	0.06		4.38	$	—		—	$	0.06		4.38	$	—
	0.10		2,933,333		0.10		6.00		—		1,600,000		0.10		6.00		—
	0.18		934,000		0.18		4.75		—		934,000		0.18		4.75		—
	0.20		3,483,333		0.20		3.62		—		2,150,000		0.20		3.62		—
	0.37		58,000		0.37		3.93		—		58,000		0.37		3.93		—
	0.40		2,000,000		0.40		2.92		—		—		0.40		2.92		—
	0.42		63,000		0.42		2.25		—		63,000		0.42		2.25		—
	0.50		310,000		0.50		1.08		—		310,000		0.50		1.08		—
	0.60		2,000,000		0.60		2.92		—		—		0.60		2.92		—
	0.69		100,000		0.69		5.50		—		100,000		0.69		5.50		—
	1.21		379,000		1.21		5.25		—		379,000		1.21		5.25		—
$	0.06-1.21		13,594,000	$	0.29		4.04	$	—		5,594,000	$	0.27		4.72	$	—

Schedule of non-vested stock options

The following table sets forth the status of the Company’s non-vested stock options as of September 30, 2018 and December 31, 2017:

	Number of Options		Weighted- Average Grant-Date Fair Value
Non-vested as of December 31, 2017		4,000,000	$	0.50
Granted		4,000,000		0.12
Forfeited		—		—
Vested		—		—
Non-vested as of September 30, 2018		8,000,000	$	0.31