Annual report pursuant to Section 13 and 15(d)

Equity Transactions (Tables)

v3.7.0.1
Equity Transactions (Tables)
12 Months Ended
Dec. 31, 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, 2014 -   $ -
  Granted 600,000     0.61
  Vested (270,833)     0.57
  Forfeited -     -
Non-vested, December 31, 2015 329,167   $ 0.47
  Granted -     -
  Vested (308,334)     0.47
  Forfeited -     -
Non-vested, December 31, 2016 20,833   $ 0.50
Summarizes Common Stock Options Activity

The following table summarizes common stock options activity:

 

        Weighted
        Average
        Exercise
    Options   Price
  December 31, 2015       —       $ —    
  Granted       12,900,000       2.83  
  Exercised       —         —    
  Cancelled       —         —    
  Forfeited       —         —    
  Outstanding, December 31, 2016       12,900,000     $ 2.83  
  Exercisable, December 31, 2016       4,400,000     $ 2.83  
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of December 31, 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   2,150,000   1.21 - 3   $1.00   1,150,000   $1.00
$2.50   2,750,000   2.21 - 2.5   $2.50   750,000   $2.50
$5.00   8,000,000   3.21 - 3.5   $5.00   2,500,000   $5.00
    12,900,000       $3.97   4,400,000   $3.40
Summarizes Common Stock Warrants Activity

The following table summarizes common stock warrants activity:

 

        Weighted
        Average
        Exercise
    Warrants   Price
  December 31, 2015       —       $ —    
  Granted       200,000       0.50  
  Exercised       —         —    
  Cancelled       —         —    
  Forfeited       —         —    
  Outstanding, December 31, 2016       200,000     $ 0.50  
  Exercisable, December 31, 2016       200,000     $ 0.50  
Schedule of Warrants Weighted Average Excerise Price Range

Total fair value of the options at grant date amounted to $50,000 computed using the Black-Scholes Option Pricing Model and was fully recognized on the date of grant.

 

    Outstanding Warrants       Exercisable Warrants
Warrants           Weighted       Weighted
Exercise Price       Life   Average  Exercise       Average  Exercise
Per Share   Shares   (Years)   Price   Shares   Price
$0.50   200,000   1   $0.50   200,000   $0.50
    200,000       $0.50   200,000   $0.50
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 2016:

 

      Year Ended
December 31,
      2016
  Expected life in years   0.61 – 3.5
  Stock price volatility   132% - 156%
  Risk free interest rate   0.62 % - 1.54%
  Expected dividends   -
  Forfeiture rate   -