Registration of securities issued in business combination transactions

Stock Option Plans (Tables)

v3.8.0.1
Stock Option Plans (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Stock Option Activity

A summary of stock option activity is as follows:

 

    Options     Weighted
average
exercise
price 		    Weighted
average
remaining
contractual
term in
three-months 		    Aggregate
intrinsic value 		 
Outstanding January 1, 2017     36,821,969     $ 0.41       5.94     $ 301,273  
Exercisable January 1, 2017     36,771,969     $ 0.41       5.94     $ 299,273  
Canceled     -                          
Granted     2,161,458                          
Exercised     (770,000 )                        
Forfeited     -                          
Outstanding December 31, 2017     38,213,427     $ 0.41       5.23     $ 562,456  
Exercisable December 31, 2017     36,213,427     $ 0.41       4.98     $ 562,456  
Canceled     (350,000 )                        
Granted     833,334                          
Exercised     -                          
Forfeited     -                          
Outstanding March 31, 2018     38,696,761     $ 0.41       5.00     $ 1,861,636  
Exercisable March 31, 2018     36,346,761     $ 0.41       4.74     $ 1,786,636  

A summary of stock option activity is as follows:

 

    Options     Weighted average exercise price     Weighted average remaining contractual term in years     Aggregate intrinsic value  
Outstanding January 1, 2016     34,167,354     $ 0.47       6.57     $ 974,066  
Exercisable January 1, 2016     34,167,354     $ 0.47       6.57     $ 974,066  
Canceled     -                          
Granted     6,156,580                          
Exercised     -                          
Forfeited     (3,501,965 )                        
Outstanding December 31, 2016     36,821,969     $ 0.41       5.94     $ 301,273  
Exercisable December 31, 2016     36,771,969     $ 0.41       5.94     $ 299,273  
Canceled     -                          
Granted     2,161,458                          
Exercised     (770,000 )                        
Forfeited     -                          
Outstanding December 31, 2017     38,213,427     $ 0.41       5.23     $ 562,456  
Exercisable December 31, 2017     36,213,427     $ 0.41       4.98     $ 562,456  

Schedule of Non-Vested Shares Granted Under Stock Option Plan

A summary of the Company’s non-vested options for the year ended December 31, 2017, and three-months ended March 31, 2018, are presented below:

 

Non-vested at January 1, 2017     50,000  
Granted     2,161,458  
Vested     (211,458 )
Forfeited     -  
Non-vested at December 31, 2017     2,000,000  
Granted     833,334  
Vested     (133,334 )
Canceled     (350,000 )
Non-vested at March 31, 2018     2,350,000  

A summary of the Company’s non-vested options for the years ended December 31, 2017 and year ended December 31, 2016 are presented below:

 

Non-vested at January 1, 2016     -  
Granted     6,156,580  
Vested     (6,106,580 )
Forfeited     -  
Non-vested at December 31, 2016     50,000  
Granted     2,161,458  
Vested     (211,458 )
Forfeited     -  
Non-vested at December 31, 2017     2,000,000  

Schedule of Fair Value Assumptions

The range of fair value assumptions related to options issued outstanding were as follows for the:

 

    Three-months ended March 31, 2018     Year ended
December 31, 2017 		 
Dividend yield     0.0 %     0.0 %
Risk-free rate     2.38 %     1.89% - 2.26 %
Expected volatility     226 %     221% - 232 %
Expected term     3 - 7 years       5 - 7 years  

The range of fair value assumptions related to options issued outstanding were as follows for the years ended December 31:

 

    2017     2016  
Dividend yield     0.0 %     0.0 %
Risk-free rate     1.89% - 2.26 %     0.80% - 1.03 %
Expected volatility     221% - 232 %     141% - 225 %
Expected term     5 - 7 years       5 years  

Schedule of Recognized Stock Based Compensation Expense

The Company recognized stock-based compensation expense related to options during the:

 

    Three-months ended March 31  
    2018     2017  
    Number     Amount     Number     Amount  
                         
Employee compensation     91,667     $ 60,125       -     $ -  
Compensation for outside services     41,667       9,375       25,000       1,750  
Director compensation     -       -       78,125       12,500  
                                 
Total     133,334     $ 69,500       103,125     $ 14,250  

The Company recognized stock based compensation expense related to options during the:

 

    Years ended December 31  
    2017     2016  
    Number     Amount     Number     Amount  
                         
In lieu of accrued salaries     -     $ -       3,796,385     $ 227,784  
In lieu of accrued fees for outside services     -       -       1,107,417       66,445  
Compensation for outside services     50,000       3,500       50,000       3,500  
Employee compensation (unvested)     2,000,000       33,271       -       -  
Director compensation     161,458       25,000       1,152,778       79,167  
                                 
Total     2,211,458     $ 61,771       6,106,580     $ 376,896