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Stockholders' deficit (Tables)

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

Warrants outstanding

The fair value of Warrants awarded and revalued during the year ended December 31, 2017 were valued at $1,826,500 using the Black Scholes pricing model utilizing the following weighted average assumptions:

		Year ended December 31, 2017

Calculated stock price			$0.02 to $0.08
Risk free interest rate			1.48% to 2.13%
Expected life of warrants (years)			3 to 5 years
expected volatility of underlying stock			398% to 535%
Expected dividend rate			0	%

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Warrants

A summary of all of the Company’s warrant activity during the period January 1, 2016 to December 31, 2017 is as follows:

			No. of shares				Exercise price per share				Weighted average exercise price

Outstanding January 1, 2016				6,300,000				0.0033 to $.0.03			$	0.0033
Granted				19,337,409				0.03				0.0300
Forfeited/cancelled				(6,000,000	)			0.15				0.1500
Exercised				—				—				—
Outstanding December 31, 2016				19,637,409				0.0033 to $.0.03				0.0033
Granted				29,866,666				$0.03 to $0.10				0.0945
Forfeited/cancelled				—				—				—
Exercised				—				—				—
Outstanding December 31, 2017				49,504,075				$0.033 to $0.10			$	0.0690

The following table summarizes information about warrants outstanding at December 31, 2017:

			Warrants outstanding												Warrants vexercisable
Exercise price			No. of shares				Weighted average remaining years				Weighted average exercise price				No. of shares				Weighted average exercise price

$0.0033				300,000				*								300,000
$0.03				21,704,075				2.20								21,704,075
$0.10				27,500,000				4.90								27,500,000

				49,504,075				3.71			$	0.0690				49,504,075			$	0.0690

Options Outstanding

A summary of all the Company’s option activity during the period January 1, 2016 to December 31, 2017 is as follows:

		No. of shares				Exercise price per share				Weighted average exercise price

Outstanding January 1, 2016			480,000			$	0.12			$	0.12
Granted			—				—				—
Forfeited/cancelled			—				—				—
Exercised			—				—				—
Outstanding December 31, 2016			480,000			$	0.12				0.12
Granted - non plan options			—				—				—
Forfeited/cancelled			—				—				—
Exercised			—				—				—
Outstanding December 31, 2017			480,000			$	0.12			$	0.12

The following table summarizes information about options outstanding as of December 31, 2017:

			Options outstanding												Options exercisable
Exercise price			No. of shares				Weighted average remaining years				Weighted average exercise price				No. of shares				Weighted average exercise price

$0.12				480,000				1.83								480,000

				480,000				1.83			$	0.12				480,000			$	0.12

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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