STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' deficit:

Schedule of restricted stock award activity

A summary of the stock options activity for the years ended December 31, 2016 and 2015 is as follows:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Contractual Life
Outstanding as of December 31, 2014		-	$	-		-
Granted		2,000,000		0.54		5
Outstanding as of December 31, 2015		2,000,000	$	0.54		4.62
Granted		2,352,619		0.61		10
Outstanding as of December 31, 2016		4,352,619		0.58		6.82
Options vested		1,660,086	$	0.55		4.78

Schedule of weighted average assumptions

Black-Scholes option pricing model based on the following weighted average assumptions:

Total 2015 Advances and 10% 2015 Note face value	$	471,111
Warrants to be issued		256,172
Term		5 years
Strike price	$	1.50
Fair market value	$	0.95
Expected volatility		128	%
Risk-free interest rate		1.56	%

Schedule of warrants activity

Stock Warrants Outstanding as of December 31, 2016
Exercise		Warrants		Remaining		Warrants
Price		Granted		Life (Years)		Exercisable
$	0.001		1,350,000		0.94		900,000
$	0.36		16,570		10.0		16,570
$	0.47		1,428,572		6.82		1,428,572
$	0.50		77,778		3.96		77,778
$	0.60		993,799		4.46		993,799
$	0.71		2,016,734		9.73		2,016,734
$	1.50		306,172		3.56		306,172
$	2.00		300,000		3.62		300,000
$	2.50		500,000		3.99		500,000
$	0.72		6,989,625		5.68		6,539,625