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(8) Equity: Share-based Compensation, Stock Options, Activity (Tables)
9 Months Ended
Sep. 30, 2018
Tables/Schedules  
Share-based Compensation, Stock Options, Activity

The below table summarizes warrant activity during the nine months ended September 30, 2018:

 

 

 

Number of Shares

 

 

Weighted- Average Exercise Price

 

Balances as of December 31, 2017

 

 

1,436

 

 

$

750.00

 

Granted

 

 

1,140

 

 

$

     12.10

 

Exercised

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Balances as of September 30, 2018

 

 

2,576

 

 

$

423.46

 

 

The fair value of each warrant on the date of grant is estimated using the Black-Scholes option valuation model. The following weighted-average assumptions were used for options granted during the nine months ended September 30, 2018 and 2017:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2018

 

 

2017

 

Exercise price 

 

$

423.46

 

 

 

$750

 

Expected term

 

1.41 – 2.58 years

 

 

 

1.88-2.9 years

 

Expected average volatility

 

 

742.95

%

 

 

642.19

Expected dividend yield

 

 

-

 

 

 

-

 

 

The following table summarizes information relating to outstanding and exercisable warrants as of September 30, 2018:

 

Warrants Outstanding

 

 

Warrants Exercisable

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

Number

 

 

Remaining Contractual

 

 

Weighted Average

 

 

Number

 

 

Weighted Average

 

of Shares

 

 

life (in years)

 

 

Exercise Price

 

 

of Shares

 

 

Exercise Price

 

2,576

 

 

 

1.63

 

 

$

423.46

 

 

 

2,576

 

 

$

423.46