STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of assumptions were used in the Black-Scholes valuation model

The following assumptions were used in the Black-Scholes valuation model: 

	Six Months Ended
	June 30,
	2017
Exercise price	$	0.20
Risk free interest rate		1.50 to 1.8	%
Expected life of derivative liability		9 to 12 months
expected volatility of underlying stock		160.7 to 161.6	%
Expected dividend rate		0	%

Schedule of restricted stock granted

A summary of the Company’s warrant activity for the period January 1, 2016 to June 30, 2017, is as follows:

	No. of shares		Exercise price per share		Weighted average exercise price
Outstanding January 1, 2016		6,219,200	$	0.625	$	0.63
Granted		—		—		—
Forfeited/cancelled		—		—		—
Exercised		—		—		—
Outstanding December 31, 2016		6,219,200	$	0.625		0.63
Granted		2,162,266		0.20		0.20
Forfeited/cancelled		—		—		—
Exercised		—		—		—
Outstanding June 30, 2017		8,381,466		$0.20 to $0.625	$	0.52

Schedule of exercise price range of warrants

The warrants outstanding and exercisable at June 30, 2017 are as follows: 

		Warrants outstanding						Warrants exercisable
Exercise price		No. of shares		Weighted average remaining years		Weighted average exercise price		No. of shares		Weighted average exercise price
$	0.625		6,219,200		3.26				6,219,200
$	0.20		2,162,266		3.00				2,162,266
			8,381,466		3.19	$	0.52		8,381,466	$	0.52