XML 46 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' deficit (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Warrants outstanding

The fair value of Warrants awarded and revalued during the year ended June 30, 2018 were valued at $799,004 using the Black Scholes pricing model utilizing the following weighted average assumptions:

 

    Six months ended June 30, 2018
     
Calculated stock price      0.06 TO 0.08   
Risk free interest rate     2.64 TO 2.75%  
Expected life of warrants (years)      3 to 5 years   
expected volatility of underlying stock     198.8 to 495.3%  
Expected dividend rate     0 %

  

 The movements in warrants is summarized as follows:

 

          No. of shares   Exercise price per share   Weighted average exercise price
                   
Outstanding January 1, 2017                19,637,409    $0.0033 to $0.03     $             0.03
Granted                29,866,666    $0.03 to $0.10                    0.0945
Exercised                               -                            -                              -   
Outstanding December 31, 2017                49,504,075   $0.0033 to $.0.03                   0.0033
Granted                33,083,333    $0.10 to $0.12                        0.11
Forfeited/cancelled                               -                            -                              -   
Exercised                               -                            -                              -   
Outstanding June 30, 2018                82,587,408   $0.033 to $0.12   $0.0850

  

The following table summarizes information about warrants outstanding at June 30, 2018:

 

  Warrants outstanding   Warrants exercisable
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                     1.70              21,704,075    
$0.10        43,083,333                     4.60              43,083,333    
$0.12        17,500,000                     2.90              17,500,000    
                   
         82,587,408                     3.45    $           0.0850          82,587,408    $             0.0850
Options Outstanding

The following table summarizes information about options outstanding as of June 30, 2018.

 

  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                     1.34                   480,000    
                   
              480,000                     1.34    $               0.12               480,000    $                0.12