General form of registration statement for all companies including face-amount certificate companies

Equity Transactions (Tables)

v3.10.0.1
Equity Transactions (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Equity [Abstract]    
Schedule of Stock Option Activity

A summary of option activity for the six months ended June 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       2.09          
Granted     1,006,272       0.33                  
Exercised     (487,620 )     0.07                  
Forfeited or expired     (1,075,000 )     0.55                  
Outstanding at June 30, 2018     21,284,605     $ 0.26       1.68     $ 7,533,282  
Exercisable at June 30, 2018     9,204,808     $ 0.36             $ 2,406,294  

A summary of option activity for the years ended December 31, 2017 and 2016 are presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     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  

Schedule of Fair Value Assumptions Using Black-Scholes Method

The fair value of share option award is estimated using the Black-Scholes method based on the following weighted-average assumptions:

 

      Six Months Ended June 30,  
      2018       2017  
Risk-free interest rate     2.25% - 2.85 %     1.76% - 1.93 %
Average expected term (years)     5 years       5 years  
Expected volatility     184% -190 %     157 %-160 %
Expected dividend yield     -       -  

 
Schedule of Warrants Outstanding

The Company has the following warrants outstanding as of June 30, 2018 all of which are exercisable:

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Warrants     Price     Life (Years)     Value  
                         
Outstanding at December 31, 2017     28,436,413     $ 0.13       2.79     $ -  
Granted     3,000,000       0.21       -       -  
Forfeited     (48,000 )     0.10       -       -  
Exercised     (1,981,000 )     0.15       -       -  
Outstanding at June 30, 2018     29,407,413     $ 0.14       2.97     $ 13,619,258  
                                 
Exercisable at June 30, 2018     29,407,413                     $ 13,619,258