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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of warrant activity during the year

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Life (in Years)

 

Balance, December 31, 2016

 

 

500,000

 

 

 

-

 

 

 

-

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Canceled/Forfeited

 

 

250,000

 

 

 

-

 

 

 

-

 

Balance March 31, 2017

 

 

250,000

 

 

$0.30

 

 

$0.49

 

Schedule of outstanding warrants

For the three months ended March 31, 2017, the following warrants were outstanding:

 

Exercise Price

Warrants Outstanding

 

 

Warrants

Exercisable

 

 

Weighted Average

Remaining Contractual Life

 

 

Aggregate Intrinsic Value

 

$

0.30

 

 

 

250,000

 

 

 

0.49

 

 

 

25,000

 

 

For the year ended December 31, 2016, the following warrants were outstanding:

 

 

Exercise Price

Warrants Outstanding

 

Warrants Exercisable

 

 

Weighted Average

Remaining Contractual Life

 

 

Aggregate Intrinsic Value

 

$

0.30-0.50

 

 

500,000

 

 

 

0.69

 

 

 

32,500