STOCK OPTION PLAN AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

Schedule of assumptions for fair value of stock options

In addition, the Company amended 1,500,000 stock options previously granted to the new CEO to extend the expiration date to August 22, 2026. These options were all previously vested.

	2018
Risk-free interest rate		2.22% to 2.3	%
Expected dividend yield		0	%
Volatility factor		217.6% to 219.04	%
Expected life of option		1.71 to 5 years

Schedule of activity under stock plans

The following table summarizes the Company’s stock option activity during the three months ended March 31, 2019:

	Shares		Exercise Price per Share		Weighted Average Exercise Price per Share
Outstanding as of December 31, 2018		9,594,000	$	0.10 – 1.21	$	0.36
Granted		—		—		—
Exercised		—		—		—
Options forfeited/cancelled		100,000		0.10		0.10
Outstanding as of March 31, 2019		9,494,000	$	0.10 – 1.21	$	0.37

The following table summarizes the Company’s stock option activity during the three months ended March 31, 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 March 31, 2018		13,494,000		$	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 March 31, 2019:

			Options Outstanding								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
$	0.10	1,500,000	$	0.10	5.50	$	—	1,500,000	$	0.10		5.50	$	—
	0.18	934,000		0.18	4.23		—	934,000		0.18		4.23		—
	0.20	2,150,000		0.20	3.12		—	2,150,000		0.20		3.12		—
	0.37	58,000		0.37	3.43		—	58,000		0.37		3.43		—
	0.40	2,000,000		0.40	2.42		—	—		0.40		2.42		—
	0.42	63,000		0.42	1.75		—	63,000		0.42		1.75		—
	0.50	310,000		0.50	0.58		—	310,000		0.50		0.58		—
	0.60	2,000,000		0.60	2.42		—	—		0.60		2.42		—
	0.69	100,000		0.69	5.00		—	100,000		0.69		5.00		—
	1.21	379,000		1.21	4.78		—	379,000		1.21		4.78		—
$	0.10-1.21	9,494,000	$	0.29	3.45	$	—	5,494,000	$	0.27		4.22	$	—

Schedule of non-vested stock options

The following table sets forth the status of the Company’s non-vested stock options as of March 31, 2019 and December 31, 2018:

	Number of Options		Weighted- Average Grant-Date Fair Value
Non-vested as of December 31, 2018		4,000,000	$	0.50
Granted		—		—
Forfeited		—		—
Vested		—		—
Non-vested as of March 31, 2019		4,000,000	$	0.50