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 |
|
|
— |
|
|