8. EMPLOYEE EQUITY INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2015

Employee Equity Incentive Plan Tables

Employee Equity Incentive Plan

Options Outstanding						Options Exercisable
				Weighted
				Average		Exercisable
Exercise		Number of		Remaining Life		Number of
Price		Options		In Years		Options
$	0.10		1,500,000		8.6		500,000
	0.50		1,065,000		9.0		964,981
	0.60		105,000		9.3		67,940
	0.90		1,955,000		9.9		585,000
	1.00		800,000		9.9		0
			5,425,000		9.3		2,117,921

Employee stock option activity

						Weighted-Average
				Weighted-Average		Remaining
	Shares			Exercise Price		Contractual Term
Outstanding at January 1, 2014		0		$	-		-
Grants		2,050,000			0.1		9.6
Exercised		-			-		-
Canceled		-		$	-
Outstanding at December 31, 2014		2,050,000		$	0.1		9.6
Grants		3,925,000			0.80		9.9
Exercised		(250,000	)		0.1		9.3
Canceled		(300,000)			0.1		8.6
Outstanding at December 31, 2015		5,425,000		$	0.59		9.3
Exercisable at December 31, 2015		2,117,921		$	0.52		9.1

Fair value of granted options

Dividend yield:		-0-	%
Volatility	119.43% to 129.88		%
Risk free rate:	0.48% to 2.53		%
Expected life:	7 to 10 years
Estimated fair value of the Company’s common stock	$	$2.21 to $2.50
Estimated forfeiture rate		0	%