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