Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.8.0.1
Stock Options (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity

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