4. Stock Options (Tables)

12 Months Ended

Dec. 31, 2016

Stock Options Tables

Stock option activity

	Number of Shares			Exercise Price Range		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2014		20,850,000		$	0.02 to 3.50	$	0.040
Granted		8,850,000			0.023		0.023
Exercised		--			--		--
Expired/forfeited		(120,000	)		0.023		0.023
Outstanding, December 31, 2015		29,580,000		$	0.02 to $0.19	$	0.0362
Granted		--			--		--
Exercised		--			--		--
Expired/forfeited		(480,000	)		0.023		0.023
Outstanding, December 31, 2016		29,100,000		$	0.02 to $0.19	$	0.0364		6.80	$	8,725
Exercisable, December 31, 2016		19,970,000		$	0.02 to $0.19	$	0.0432		6.44	$	6,575

Outstanding and exercisable options by price range

	Outstanding options					Exercisable Options
		Weighted			Weighted			Weighted
		Average			Average			Average
Range of Exercise	Number	Remaining			Exercise	Number		Exercise
Prices per Share	Outstanding	Life (Years)			Price	Exercisable		Price
$0.14	2,350,000		3.0	$	0.140	2,350,000	$	0.140
$0.19	1,000,000		3.5	$	0.190	1,000,000	$	0.190
$0.02	17,450,000		6.8	$	0.020	13,150,000	$	0.020
$0.023	8,300,000		8.3	$	0.023	3,470,000	$	0.023
$0.02 - $ 0.19	29,100,000			$	0.0364	19,970,000	$	0.0432

Share based compensation assumptions

Estimated volatility	170.47	%
Risk free interest rate	1.32	%
Expected dividend rate	—
Expected life	6 years