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6. Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Warrants [Member]

Schedule of Fair Value Assumptions

		September 30, 2017				September 30, 2016
Expected volatility			171%				121%
Risk-free interest rate			1.5%				1.08%
Expected dividend yield			0%				0%
Expected life			2.5 years				3 years

Schedule of Warrant Activity

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Balance outstanding, December 31, 2016			46,958,072			$	0.11				2.13
Granted			350,000				0.01				2.31
Exercised			(1,850,000	)			0.01				2.04
Forfeited/expired			(1,388,251	)			0.09				–
Balance outstanding, September 30, 2017			44,069,821				0.10				1.43
Exercisable, September 30, 2017			44,069,821			$	0.10				1.43

Options [Member]

Schedule of Fair Value Assumptions

		February 14, 2017				May 8, 2017				August 8, 2017
Expected volatility			173%				194%				180%
Risk-free interest rate			2.47%				2.39%				2.29%
Expected dividend yield			0%				0%				0%
Expected life			10 years				10 years				10 years

Summary of Stock Options Activity

		Number of Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term
Balance outstanding, December 31, 2016			900,000			$	0.17				4.67
Granted			10,450,000				0.05				9.62
Exercised			–				–				–
Forfeited/expired			(750,000	)			0.15				–
Balance outstanding, September 30, 2017			10,600,000			$	0.05				9.60
Exercisable, September 30, 2017			3,756,248			$	0.06				9.53

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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