Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Fair Value of Each Option Award Estimated Assumption

For stock options requiring an assessment of value during the six months ended June 30, 2017, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

Risk-free interest rate   1.18% to 1.53 %
Expected dividend yield     0 %
Expected volatility     308.51% to 311.11 %
Expected life     1.5 to 3.5 years  

Summary of Stock Option Activity Including Options form of Warrants

A summary of stock option activity, including options issued in the form of warrants, during the six months ended June 30, 2018 is presented in the table below.

 

                Weighted  
                Average  
          Weighted     Remaining  
    Number     Average     Contractual  
    of     Exercise     Life  
    Shares     Price     (in Years)  
                   
Stock options outstanding at December 31, 2017     7,470,000     $ 0.545          
Granted                    
Exercised                    
Expired                    
Stock options outstanding at June 30, 2018     7,470,000     $ 0.545       1.41  
                         
Stock options exercisable at December 31, 2017     7,470,000     $ 0.545          
Stock options exercisable at June 30, 2018     7,470,000     $ 0.545       1.41  

Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options form of Warrants

The exercise prices of common stock options outstanding and exercisable, including options issued in the form of warrants, are as follows at June 30, 2018:

 

      Options     Options  
Exercise     Outstanding     Exercisable  
Prices     (Shares)     (Shares)  
               
$ 0.120       450,000       450,000  
$ 0.130       100,000       100,000  
$ 0.150       320,000       320,000  
$ 0.160       200,000       200,000  
$ 0.200       500,000       500,000  
$ 0.250       500,000       500,000  
$ 0.500       4,400,000       4,400,000  
$ 1.000       500,000       500,000  
$ 2.000       500,000       500,000  
          7,470,000       7,470,000