Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

v3.4.0.3
Equity Transactions (Tables)
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Option Activity

A summary of option activity for the three months ended March 31, 2016 is 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       4.03     $ -  
Granted     -       -                  
Forfeited     (1,155,556 )     0.92                  
Exercised     -       -                  
Outstanding at March 31, 2016 (unaudited)     6,500,694     $ 0.61       3.75     $ -  
                                 
Vested and expected to vest  at March 31, 2016 (unaudited)      4,420,472     $  0.61        3.75     $  -  
                                 
Exercisable at March 31, 2016 (unaudited)     3,846,944     $ 0.56       3.69     $ -  

 
Schedule of Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at March 31, 2016.

 

      Options Outstanding     Options Exercisable  
            Weighted     Weighted           Weighted  
            Average     Average           Average  
Exercise     Number     Remaining     Exercise     Number     Exercise  
Price     of Shares     Life (Years)     Price     of Shares     Price  
                                             
$ 0.50       5,600,694       3.65     $ 0.50       3,546,944     $ 0.50  
  1.30       900,000       4.31       1.30       300,000       1.30  
          6,500,694                       3,846,944