|
The Company
has the following warrants as of December 31, 2017 and 2016:
| |
|
Warrants |
|
|
Weighted-
Average
Exercise
Price
|
|
|
Weighted-
Average
Remaining
Contractual
Life (Years)
|
|
|
Aggregate
Intrinsic
Value
|
|
| Outstanding at December 31, 2015 |
|
|
10,967,879 |
|
|
$ |
0.12 |
|
|
|
3.57 |
|
|
$ |
— |
|
| Granted |
|
|
7,487,385 |
|
|
|
0.08 |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding at December 31, 2016 |
|
|
18,455,264 |
|
|
$ |
0.10 |
|
|
|
2.62 |
|
|
$ |
— |
|
| Granted |
|
|
9,981,149 |
|
|
|
0.19 |
|
|
|
— |
|
|
|
— |
|
| Forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding at December 31, 2017 |
|
|
28,436,413 |
|
|
$ |
0.13 |
|
|
|
2.79 |
|
|
$ |
457,530 |
|
| Vested December 31, 2017 |
|
|
28,436,413 |
|
|
|
|
|
|
|
|
|
|
$ |
457,530 |
|
| Exercisable at December 31, 2017 |
|
|
28,436,413 |
|
|
|
|
|
|
|
|
|
|
$ |
457,530 |
|
|