Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.7.0.1
EQUITY (Tables) - Stock Option [Member]
6 Months Ended
Jun. 30, 2017
Schedule of common stock for employee services

    Shares      Fair Value  
Month   Issued       at Issue Date  
January 2017     1,360,000     $ 884,000  
February 2017     100,000       50,000  
April 2017     136,250       48,450  
Total     1,596,250     $ 982,450  

Summary of stock option activity

During the six months ended June 30, 2017, the Company issued no options. A summary of the stock option activity for the six months ended June 30, 2017 is presented below.

 

    Options    

Weighted-Average

Exercise Price

 
Outstanding December 31, 2017     153,771     $ 12.48  
Granted     -       -  
Exercised     -       -  
Expired/Forfeited     -       -  
Outstanding June 30, 2017     153,771     $ 12.48  
Exercisable June 30, 2017     153,771       12.48  

Summary of warrant activity

A summary of the warrant activity for the six months ended June 30, 2017 is presented below:

 

    Warrants     Weighted-Average Exercise Price  
Outstanding at December 31, 2016     5,826,271     $ 1.29  
Granted     954,500       1.03  
Exercised             -  
Expired/forfeited/terminated     (494,171 )     1.29  
Outstanding June 30, 2017     6,286,600     $ 1.16  
Exercisable June 30, 2017     6,286,600     $ 1.16