WARRANT AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2017

Warrant Agreements Tables

Company stock option activity

	Warrants		Weighted Average Exercise Price		Weighted Average Contractual Remaining Life
Outstanding, December 31, 2016		4,392,107		1.97		6.17
Granted		1,560,000		2.83		0.67
Exercised		-		-		-
Forfeited/Expired		-		-		-
Outstanding, September 30, 2017		5,952,107		2.19		4.18
Exercisable at September 30, 2017		3,750,665		2.34		2.70

Range of Exercise Price	Number of Warrants		Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise Price		Number of Warrants Exercisable		Weighted Average Exercise Price
$1.00 - $7.00		5,952,107		4.18	$	2.19		3,750,665	$	2.34
		5,952,107		4.18	$	2.19		3,750,665	$	2.34

Weighted Average fair value of warrants granted

	September 30, 2017			December 31, 2016
Significant assumptions (weighted-average):
Risk-free interest rate at grant date		1.92	%		1.83	%
Expected stock price volatility		84.43	%		84.42	%
Expected dividend payout		-			-
Expected option life (in years)		3			3
Expected forfeiture rate		0	%		0	%