General form of registration statement for all companies including face-amount certificate companies

Warrants (Tables)

v3.5.0.2
Warrants (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Warrants    
Schedule of Stock Warrants Activity

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted average exercise price     Weighted average remaining contractual term in years     Aggregate intrinsic value  
Outstanding January 1, 2015     28,435,782     $ 0.64       4.07     $ -  
Exercisable January 1, 2015     28,435,782     $ 0.64       4.07     $ -  
Canceled     -                          
Granted     18,009,430                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2015     46,445,212     $ 0.46       3.48     $ 2,517,337  
Exercisable December 31, 2015     46,445,212     $ 0.46       3.48     $ 2,517,337  
Canceled     -                          
Granted     21,112,500                          
Exercised     -                          
Forfeited     (541,697 )                        
Outstanding June 30, 2016     67,016,015     $ 0.35       3.60     $ 49,262  
Exercisable June 30, 2016     67,016,015     $ 0.35       3.60     $ 49,262  

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted
average
exercise
price 		    Weighted
average
remaining
contractual
term in years 		    Aggregate
intrinsic value 		 
Outstanding January 1, 2014     3,395,833     $ 0.45       5.28     $ -  
Exercisable January 1, 2014     3,395,833     $ 0.45       5.28     $ -  
Canceled     (3,395,833 )                        
Granted     28,435,782                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2014     28,435,782     $ 0.64       4.07     $ -  
Exercisable December 31, 2014     28,435,782     $ 0.64       4.07     $ -  
Canceled     -                          
Granted     18,009,430                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2015     46,445,212     $ 0.46       3.48     $ 2,517,337  
Exercisable December 31, 2015     46,445,212     $ 0.46       3.48     $ 2,517,337  

 
Schedule of Fair Value Assumptions Related to Warrants Outstanding

The range of fair value assumptions related to warrants outstanding were as follows:

 

    June 30, 2016     December 31, 2015  
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.12% - 0.86 %     0.12% - 0.66 %
Expected volatility     102% - 159 %     112% - 159 %
Expected term     1.0 - 2.5 years       1.0 - 2.5 years  

The range of fair value assumptions related to warrants outstanding as of December 31, 2015 and 2014, were as follows:

 

    December 31, 2015     December 31, 2014  
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.12% - 0.86 %     0.12% - 0.66 %
Expected volatility     102% - 159 %     112% - 159 %
Expected term     1.0 - 2.5 years       1.0 - 2.5 years