| 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 |
|
|