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Stockholders' Deficiency (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Schedule of Warrants Activity

A summary of warrant activity for the nine months ended September 30, 2015 is presented below.

			Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Warrants outstanding at December 31, 2014				25,686,096			$	0.01744
Issued				107,817,327				0.02288
Exercised				(2,223,439	)			0.01816
Expired				-				-
Warrants outstanding at September 30, 2015				131,279,984			$	0.02201				4.07

Warrants exercisable at December 31, 2014				25,686,096			$	0.01744
Warrants exercisable at September 30, 2015				131,279,984			$	0.02201				4.07

A summary of warrant activity for the nine months ended September 30, 2014 is presented below.

			Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Warrants outstanding at December 31, 2013				4,000,000			$	0.05600
Issued				19,251,271				0.00396
Exercised				(4,719,318	)			0.00396
Expired				(4,000,000	)			0.05600
Warrants outstanding at September 30, 2014				14,531,953			$	0.00396				4.55

Warrants exercisable at December 31, 2013				4,000,000			$	0.05600
Warrants exercisable at September 30, 2014				14,531,953			$	0.00396				4.55

Exercise Prices of Common Stock Warrants Outstanding and Exercisable

The exercise prices of common stock warrants outstanding and exercisable are as follows at September 30, 2015:

Exercise Price				Warrants Outstanding (Shares)				Warrants Exercisable (Shares)				Expiration Date
$	0.00396				13,325,514				13,325,514			April 17, 2019
$	0.02103				92,493,643				92,493,643			September 30, 2020
$	0.03500				25,460,827				25,460,827			September 15, 2016
					131,279,984				131,279,984

The exercise prices of common stock warrants outstanding and exercisable are as follows at September 30, 2014:

Exercise Price				Warrants Outstanding (Shares)				Warrants Exercisable (Shares)				Expiration Date
$	0.00396				14,531,953				14,531,953			April 17, 2019

Schedule of Stock Options Activity

A summary of stock option activity for the nine months ended September 30, 2015 is presented below.

			Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Options outstanding at December 31, 2014				25,716,668			$	0.0503
Granted				223,249,770				0.0211
Expired				-				-
Forfeited				-				-
Options outstanding at September 30, 2015				248,966,438			$	0.0241				7.31

Options exercisable at December 31, 2014				25,716,668			$	0.0503
Options exercisable at September 30, 2015				141,675,788			$	0.0269				6.86

A summary of stock option activity for the nine months ended September 30, 2014 is presented below.

			Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in Years)
Options outstanding at December 31, 2013				5,166,668			$	0.0600
Granted				20,550,000				0.0480
Expired				-				-
Forfeited				-				-
Options outstanding at September 30, 2014				25,716,668			$	0.0500				5.70

Options exercisable at December 31, 2013				5,166,668			$	0.0600
Options exercisable at September 30, 2014				20,716,668			$	0.0500				5.92

Exercise Prices of Common Stock Options Outstanding and Exercisable

The exercise prices of common stock options outstanding and exercisable were as follows at September 30, 2015:

Exercise Price				Options Outstanding (Shares)				Options Exercisable (Shares)				Expiration Date
$	0.0175				29,148,028				29,148,028			June 30, 2020
$	0.0197				9,000,000				-			August 18, 2020
$	0.0197				42,000,000				-			August 18, 2022
$	0.0197				85,081,300				42,540,650			August 18, 2025
$	0.0250				55,000,000				41,250,000			June 30, 2022
$	0.0400				2,400,000				2,400,000			March 13, 2019
$	0.0400				1,250,000				1,250,000			April 14, 2019
$	0.0430				1,100,000				1,100,000			March 14, 2024
$	0.0476				2,520,442				2,520,442			April 8, 2020
$	0.0490				800,000				800,000			February 28, 2024
$	0.0500				15,000,000				15,000,000			July 17, 2019
$	0.0512				500,000				500,000			January 29, 2020
$	0.0600				3,083,334				3,083,334			July 17, 2022
$	0.0600				2,083,334				2,083,334			August 10, 2022
					248,966,438				141,675,788

The exercise prices of common stock options outstanding and exercisable were as follows at September 30, 2014:

Exercise Price				Options Outstanding (Shares)				Options Exercisable (Shares)				Expiration Date
$	0.0400				2,400,000				2,400,000			March 13, 2019
$	0.0400				1,250,000				1,250,000			April 14, 2019
$	0.0430				1,100,000				1,100,000			March 14, 2024
$	0.0490				800,000				800,000			February 28, 2024
$	0.0500				15,000,000				10,000,000			July 17, 2019
$	0.0600				3,083,334				3,083,334			July 17, 2022
$	0.0060				2,083,334				2,083,334			August 10, 2022
					25,716,668				20,716,668

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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