Annual report pursuant to Section 13 and 15(d)

Equity Transactions (Tables)

v3.19.1
Equity Transactions (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Common Stock Transactions Tables Abstract  
Summary of 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, January 1, 2017 20,833   $ 0.47
  Granted -     -
  Vested (20,833)     0.47
  Forfeited -     -
Non-vested, December 31, 2017 -   $ -
Summary of Common Stock Options Activity

The following table summarizes common stock options activity:

 

        Weighted
        Average
        Exercise
    Options   Price
  Outstanding, January 1, 2017       12,900,000     $ 2.94  
  Granted       8,920,000       0.55  
  Exercised       —         —    
  Expired       (1,000,000 )     1.00  
  Forfeited       (7,500,000 )     3.97  
  Outstanding, December 31, 2017       13,320,000     $ 1.74  
                     
  Granted       420,000       1.00  
  Exercised       —         —    
  Expired       (1,250,000 )     2.50  
  Forfeited       (40,100 )     1.00  
  Outstanding, December 31, 2018       12,449,900     $ 1.64  
                     
  Exercisable, December 31, 2017       12,250,000     $ 1.58  
  Exercisable, December 31, 2018       11,949,900     $ 1.50  
Schedule of Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for options granted, and exercisable as of December 31, 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   1.67   $0.50   8,000,000   $0.50
$1.00   1,449,900   0.81 – 3.10   $1.00   1,449,900   $1.00
$5.00   3,000,000   1   $5.00   2,500,000   $5.00
    12,449,900       $1.64   11,949,900   $1.50
Summary of 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, January 1, 2017 -   $ -
  Granted 420,000     1.00
  Vested (350,000)     1.00
  Forfeited -     -
Non-vested, December 31, 2017 70,000   $ -
  Granted 420,000     1.00
  Vested (449,900)     1.00
  Forfeited (40,100)     1.00
Non-vested, December 31, 2018 -   $ -
Summary of Common Stock Warrants Activity

The following table summarizes common stock warrants activity:

 

        Weighted
        Average
        Exercise
    Warrants   Price
  Outstanding, January 1, 2017       200,000     $ 0.50  
  Granted       1,700,000       1.06  
  Exercised       —         —    
  Expired       (200,000 )     0.50  
  Outstanding, December 31, 2017       1,700,000     $ 1.06  
                     
  Granted       8,400,000       0.49  
  Exercised       0       —    
  Expired       (1,100,000 )     1.64  
  Outstanding, December 31, 2018       9,000,000     $ 0.46  
                     
  Exercisable, December 31, 2017       1,700,000     $ 1.06  
  Exercisable, December 31, 2018       9,000,000     $ 0.46  
Schedule of Warrants Weighted Average Excerise Price Range

The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of December 31, 2018, were as follows:

 

    Outstanding and Exercisable Warrants  
Warrants          
Exercise Price       Life  
Per Share   Shares   (Years)  
$0.01   600,000   2.00  
$0.15   1,200,000   2.03  
$0.25   1,000,000   4.53  
$0.375   200,000   2.30  
$0.40   1,200,000   2.03  
$0.50   3,000,000   0.83 – 4.53  
$0.625   100,000   2.30  
$0.75   1,250,000   2.41 – 4.53  
$1.00   250,000   2.41  
$2.00   200,000   4.39  
    9,000,000    
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 2017:

 

      Year Ended
December 31,
 
      2017  
Expected life in years     1.00 – 3.19  
Stock price volatility     127% - 157%  
Risk free interest rate     1.26 % - 1.70%  
Expected dividends     —    
Forfeiture rate     —    

 

The table below represents the average assumptions used in valuing the stock options and warrants granted in fiscal 2018:

 

      Year Ended
December 31,
 
      2018  
Expected life in years     1.00 – 5.00  
Stock price volatility     138% - 153%  
Risk free interest rate     2.12 % - 2.90%  
Expected dividends     —    
Forfeiture rate     —