• Filing Date: 2018-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
6. STOCK OPTION PLAN (Tables)
6 Months Ended
Jun. 30, 2018
Options  
Assumptions used
    Three Months Ended
June 30
  Six Months Ended
June 30
    2018   2017   2018   2017
Expected volatility     0.00 %     0.00 %     173.00 %     146.77 %
Expected dividend yield     —         —         —         —    
Risk-free interest rate     0.00 %     0.00 %     2.43 %     1.89 %
Expected term (in years)     0       0       5.00       5.00  
Schedule of options outstanding
    Share   Weighted
Average
Exercise
Price
  Weighted
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
Outstanding, January 1, 2018     17,515,001       0.39       4.43     $ —    
Granted     19,250,000       0.05       4.50       577,500  
Exercised                                
Cancelled & Expired     (11,615,001 )                        
                                 
Outstanding, June 30, 2018     25,150,000       0.12       4.00     $ 599,500  
                                 
Options exercisable, June 30, 2018     25,150,000       0.12       4.00     $ 599,500  
Warrants  
Assumptions used
    Three Months Ended
June 30
  Six Months Ended
June 30
    2018   2017   2018   2017
Expected volatility     0.00 %     0.00 %     0.00 %     151.49 %
Expected dividend yield     —         —         —         —    
Risk-free interest rate     0.00 %     0.00 %     0.00 %     0.00 %
Expected term (in years)     —         —         —         4.75  
Schedule of warrants outstanding
  Share  

Weighted

Average

Exercise

Price

Weighted

Average

Remaining Contractual

Term

Aggregate Intrinsic

Value

  Outstanding, January 1, 2018     11,814,167     $ 0.20     2.58   $ —    
  Granted     —       $ —       —       —    
  Exercised     —       $ —       —       —    
  Expired     (1,040,000 )                    
  Outstanding, June 30, 2018     10,774,167     $ 0.19     1.85     176,000  
  Warrants exercisable, June 30, 2018     10,774,167     $ 0.19     1.85     176,000