| Schedule of Stock Option Activity |
A summary of option activity for
the nine months ended September 30, 2018 is presented below.
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price
|
|
|
Weighted
Average
Remaining
Contractual
Life
(in Years)
|
|
|
Aggregate
Intrinsic
Value
|
|
| Outstanding at December 31, 2017 |
|
|
21,840,953 |
|
|
$ |
0.33 |
|
|
|
4.03 |
|
|
|
|
|
| Granted |
|
|
16,831,272 |
|
|
|
0.46 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(487,620 |
) |
|
|
0.07 |
|
|
|
|
|
|
|
|
|
| Forfeited or expired |
|
|
(4,200,000 |
) |
|
|
0.34 |
|
|
|
|
|
|
|
|
|
| Outstanding at September 30, 2018 |
|
|
33,984,605 |
|
|
$ |
0.26 |
|
|
|
3.06 |
|
|
$ |
3,992,194 |
|
| Exercisable at September 30, 2018 |
|
|
11,304,808 |
|
|
$ |
0.35 |
|
|
|
|
|
|
$ |
2,994,627 |
|
|
A summary
of option activity for the years ended December 31, 2017 and 2016 are presented below.
| |
|
Options |
|
|
Weighted-
Average
Exercise Price
|
|
|
Weighted-
Average
Remaining
Contractual
Life (Years)
|
|
|
Aggregate
Intrinsic
Value
|
|
| Outstanding at December 31, 2015 |
|
|
7,656,250 |
|
|
$ |
0.66 |
|
|
|
4.87 |
|
|
$ |
— |
|
| Granted |
|
|
5,860,000 |
|
|
|
0.09 |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
(2,985,297 |
) |
|
|
0.93 |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding at December 31, 2016 |
|
|
10,530,953 |
|
|
$ |
0.33 |
|
|
|
4.03 |
|
|
$ |
— |
|
| Granted |
|
|
13,210,000 |
|
|
|
0.17 |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
(1,900,000 |
) |
|
|
0.16 |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding at December 31, 2017 |
|
|
21,840,953 |
|
|
$ |
0.26 |
|
|
|
2.09 |
|
|
$ |
137,403 |
|
| Vested December 31, 2017 |
|
|
12,286,613 |
|
|
$ |
0.28 |
|
|
|
|
|
|
$ |
44,030 |
|
| Exercisable at December 31, 2017 |
|
|
9,357,620 |
|
|
$ |
0.36 |
|
|
|
|
|
|
$ |
24,166 |
|
|