Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

EQUITY

NOTE 4 - EQUITY

Common stock

On March 17, 2016, the Company issued 750,000 common shares to a consultant for management advisory services. The fair value of these shares amounted to $21,750 and was recognized as stock compensation expense for the three months ended March 31, 2016.

Warrants

During the three months ended March 31, 2016, the Company granted no new warrants and no warrants expired.

As of March 31, 2016, the Company had outstanding warrants to purchase an aggregate of 28,771,800 shares of the Company’s common stock, which have a weighted average exercise price of $0.04, a weighted average remaining term of 4.53 years, and an intrinsic value of $47,500.