Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

v3.7.0.1
Equity Transactions (Tables)
6 Months Ended
Jun. 30, 2017
Equity Transactions Tables  
Summarizes Common Stock with Vesting Terms Activity

The following table summarizes common stock with vesting terms activity:

          Weighted
          Average
    Number of     Grant Date
    Shares     Fair Value
Non-vested, December 31, 2016 20,833    $ 0.50
  Granted —      — 
  Vested (20,833)     0.50
  Forfeited —      — 
Non-vested, June 30, 2017 —    $ — 
Summarizes Common Stock Options Activity

The following table summarizes common stock options activity:

          Weighted
          Average
    Options     Exercise Price
December 31, 2016 12,900,000    $ 2.83 
  Granted 720,000      1.00 
  Exercised    
  Cancelled    
  Forfeited (7,500,000)     3.97 
Outstanding, June 30, 2017 6,120,000      3.27 
Exercisable, June 30, 2017 4,840,000    $ 3.30 
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of June 30, 2017, were as follows:

 

    Outstanding Options       Exercisable Options
Options           Weighted       Weighted
Exercise Price       Life   Average Exercise       Average Exercise
Per Share   Shares   (Years)   Price   Shares   Price
                     
$1.00   1,870,000   0.50 – 3.61   $1.00   1,590,000   $1.00
$2.50   1,250,000   1.50   $2.50   750,000   $2.50
$5.00   3,000,000   2.50   $5.00   2,500,000   $5.00
    6,120,000       $3.27   4,840,000   $3.30
Summarizes Common Stock Warrants Activity

The following table summarizes common stock warrants activity:

 

        Weighted
        Average
        Exercise
    Warrants   Price
  December 31, 2016       200,000     $ 0.33  
  Granted       1,000,000       1.50  
  Exercised       —         —    
  Cancelled       —         —    
  Forfeited       —         —    
  Outstanding June 30, 2017       1,200,000     $ 1.54  
  Exercisable June 30, 2017       1,200,000     $ 1.54  
Schedule of Warrants Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of June 30, 2017, were as follows:

 

    Outstanding and Exercisable Warrants  
Warrants          
Exercise Price       Life  
Per Share   Shares   (Years)  
$0.50   200,000   0.33  
$1.50   500,000   1.50  
$2.00   500,000   1.50  
    1,200,000      
Schedule of Assumptions Used in Valuing the Stock Options and Warrants

The table below represents the average assumptions used in valuing the stock options and warrants granted in fiscal 2017:

 

      Six-Months Ended  
      June 30, 2017  
Expected life in years     1.75 – 3.92  
Stock price volatility     127% - 158%  
Risk free interest rate     1.26 % - 1.60%  
    Expected dividends     —    
Forfeiture rate     —