Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.8.0.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2017
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, 2016     47,003,962     $ 0.46       3.49     $ 2,579,541  
Exercisable January 1, 2016     47,003,962     $ 0.46       3.49     $ 2,579,541  
Canceled     -                          
Granted     42,037,500                          
Exercised     -                          
Forfeited     (676,426 )                        
Outstanding December 31, 2016     88,365,036     $ 0.30       3.50     $ 543,770  
Exercisable December 31, 2016     88,365,036     $ 0.30       3.50     $ 543,770  
Canceled     -                          
Granted     40,259,133                          
Exercised     (798,000 )                        
Forfeited     (392,047 )                        
Outstanding December 31, 2017     127,434,122     $ 0.24       3.15     $ 3,957,689  
Exercisable December 31, 2017     127,434,122     $ 0.24       3.15     $ 3,957,689