Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

v3.10.0.1
Equity Transactions (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Common Stock Transactions Tables Abstract  
Summarizes Common Stock Options Activity

The following table summarizes common stock options activity:

 

        Weighted
        Average
        Exercise
    Options   Price
  December 31, 2017       13,320,000     $ 1.74  
  Granted       420,000       1.00  
  Exercised       —         —    
  Forfeited       —         —    
  Outstanding, June 30, 2018       13,740,000     $ 1.72  
  Exercisable, June 30, 2018       12,960,000     $ 1.61  
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of June 30, 2018 were as follows:

 

                     
    Outstanding Options       Exercisable Options
Options           Weighted       Weighted
Exercise Price       Life   Average Exercise       Average Exercise
Per Share   Shares   (Years)   Price   Shares   Price
$0.50   8,000,000   2.17   $0.50   8,000,000   $0.50
$1.00   1,490,000   1.32 – 3.61   $1.00   1,210,000   $1.00
$2.50   1,250,000   .50   $2.50   1,250,000   $2.50
$5.00   3,000,000   1.50   $5.00   2,500,000   $5.00
    13,740,000       $1.72   12,960,000   $1.61
Summarizes Options Granted With Vesting Terms Activity

The following table summarizes options granted with vesting terms activity:

 

          Weighted
          Average
    Number of     Grant Date
    Shares     Fair Value
Non-vested, December 31, 2017 70,000   $ 1.00
  Granted 420,000     1.00
  Vested (210,000)     1.00
  Forfeited    
Non-vested, June 30, 2018 280,000   $ 1.00
Summarizes Common Stock Warrants Activity

The following table summarizes common stock warrants activity:

 

        Weighted
        Average
        Exercise
    Warrants   Price
  Outstanding, December 31, 2017       1,700,000     $ 1.06  
  Granted       3,600,000       0.60  
  Exercised       —         —    
  Forfeited       —         —    
  Outstanding, June 30, 2018       5,300,000     $ 0.75  
  Exercisable, June 30, 2018       5,300,000     $ 0.75  
Schedule of Warrants Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of June 30, 2018, were as follows:

 

    Outstanding and Exercisable Warrants  
Warrants          
Exercise Price       Life  
Per Share   Shares   (Years)  
$0.01   600,000   2.51  
$0.375   200,000   2.81  
$0.40   1,200,000   2.54  
$0.50   1,500,000   0.33 – 4.72  
$0.625   100,000   2.81  
$0.75   250,000   2.92  
$1.00   250,000   2.92  
$1.50   500,000   0.50  
$2.00   700,000   1.77 – 4.90  
    5,300,000      
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 2018:

 

      Six Months Ended June 30,  
      2018  
Expected life in years     3.00 – 5.00  
Stock price volatility     138% - 153%  
Risk free interest rate     2.12 % - 2.9%  
Expected dividends     —    
Forfeiture rate     —