STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 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:

	Nine Months Ended September 30, 2017
Exercise price	$	0.20
Risk free interest rate		1.50 to 1.53	%
Expected life of warrants		3 years
expected volatility of underlying stock		159.7 to 168.7	%
Expected dividend rate		0	%

Schedule of restricted stock granted

A summary of the Company’s warrant activity for the period January 1, 2016 to September 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		2,308,513		0.20		0.20
Forfeited/cancelled		—		—		—
Exercised		—		—		—
Outstanding September 30, 2017		8,527,713	$	0.20 to 0.625	$	0.51

Schedule of exercise price range of warrants

The warrants outstanding and exercisable at September 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		3.00				6,219,200
$0.20		2,308,513		2.75				2,308,513
		8,527,713		2.94	$	0.51		8,527,713	$	0.51