Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

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

Options:

 

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, September 30, 2018       13,740,000     $ 1.72  
  Exercisable, September 30, 2018       13,065,000     $ 1.60  
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of September 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   1.92   $0.50   8,000,000   $0.50
$1.00   1,490,000   1.07 – 3.36   $1.00   1,315,000   $1.00
$2.50   1,250,000   .25   $2.50   1,250,000   $2.50
$5.00   3,000,000   1.25   $5.00   2,500,000   $5.00
    13,740,000       $1.72   13,065,000   $1.60
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 (315,000)     1.00
  Forfeited    
Non-vested, September 30, 2018 175,000   $ 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       7,100,000       0.55  
  Exercised       —         —    
  Forfeited       —         —    
  Outstanding, September 30, 2018       8,800,000     $ 0.65  
  Exercisable, September 30, 2018       8,800,000     $ 0.65  
Schedule of Warrants Weighted Average Excerise Price Range

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

 

          Outstanding and Exercisable Warrants  
  Warrants                  
  Exercise Price               Life  
  Per Share       Shares       (Years)  
$ 0.01       600,000       2.25  
$ 0.25       1,000,000       4.78  
$ 0.375       200,000       2.56  
$ 0.40       1,200,000       2.28  
$ 0.50       3,000,000       0.08 – 4.78  
$ 0.625       100,000       2.56  
$ 0.75       1,250,000       2.66 – 4.78  
$ 1.00       250,000       2.66  
$ 1.50       500,000       0.25  
$ 2.00       700,000       0.25 – 4.64  
          8,800,000          
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:

 

      Nine Months Ended September 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     —