STOCK BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

STOCK-BASED COMPENSATION

Summary of Stock Option Activity

	Number of Shares		Weighted Average Exercise Price		Remaining Contractual Term (Years)
Outstanding, December 31, 2015		2,275,000	$	0.33		6.50
Exercisable, December 31, 2015		2,200,000	$	0.30		6.72
Granted		2,400,000	$	1.16		5.34
Exercised		—		—		—
Forfeited		—		—		—
Outstanding, December 31, 2016		4,675,000	$	0.76		5.39
Exercisable, December 31, 2016		3,010,000	$	0.54		5.97
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Outstanding, March 31, 2017		4,675,000	$	0.76		5.15
Exercisable, March 31, 2017		3,660,000	$	0.61		5.11

Summary of Fair Value Assumptions

	March 31, 2017	December 31, 2016
Expected option term—years	1.0 - 1.5	1.5 - 2.5
Weighted-average risk-free interest rate	1.48 - 2.0%	0.94 - 1.31%
Expected dividend yield	0	0
Weighted-average volatility	160 - 175%	142 - 214%
Forfeiture rate	0	0