Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

v3.5.0.2
Equity Transactions (Tables)
9 Months Ended
Sep. 30, 2016
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, 2015       329,167     $ 0.47  
Granted       —         —    
Vested       (245,834 )     0..47  
Forfeited       —         —    
Non-vested, September 30, 2016       83,333     $ 0.50  
Summarizes Common Stock Options Activity

The following table summarizes common stock options activity:

 

        Weighted
        Average
    Options   Exercise Price
December 31, 2015       —       $ —    
Granted       11,250,000       3.97  
Exercised       —         —    
Forfeited       —         —    
Outstanding September 30, 2016       11,250,000       3.97  
Exercisable, September 30, 2016       3,750,000     $ 3.97  
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of September 30, 2016, 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       1,500,000       1.42 - 1.5     $ 1.00       500,000     $ 1.00  
$ 2.50       2,250,000       2.42 - 2.5     $ 2.50       750,000     $ 2.50  
$ 5.00       7,500,000       3.42 - 3.5     $ 5.00       2,500,000     $ 5.00  
          11,250,000             $ 3.97       3,750,000     $ 3.97  
Schedule of Assumptions Used in Valuing the Stock Options

The table below represents the average assumptions used in valuing the stock options granted in fiscal 2016:

 

      Nine-Months Ended September 30,  
      2016  
Expected life in years     0.71 – 3.5  
Stock price volatility     132 % - 141%  
Risk free interest rate     0.64 % - 1.08%  
Expected dividends     —    
Forfeiture rate     —