Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Deficit (Tables)

v3.8.0.1
Shareholders' Deficit (Tables)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of Warrants Outstanding

The balance of all warrants outstanding as of September 30, 2017 is as follows:

 

    Outstanding Warrants  
          Weighted Average  
          Exercise Price  
    Shares     Per Share  
Outstanding at January 1, 2017     9,494,940     $ 0.33  
Granted     33,300,747     $ 0.24  
Cancelled     -     $ -  
Exercised     -     $ -  
Outstanding at September 30, 2017     42,795,687     $ 0.26  
                 
Exercisable at September 30, 2017     42,795,687     $ 0.26  

Schedule of Stock Options Outstanding

The balance of all stock options outstanding as of September 30, 2017 is as follows:

 

          Weighted Average     Weighted Average     Aggregate  
          Exercise Price     Remaining Contractual     Intrinsic  
    Options     Per Share     Term (years)     Value  
Outstanding at January 1, 2017     -     $ -                  
Granted     93,203,369     $ 0.029                  
Cancelled     -     $ -                  
Exercised     -     $ -                  
Outstanding at September 30, 2017     93,203,369     $ 0.029       4.29     $ 2,674,937  
                                 
Exercisable at September 30, 2017     93,203,369     $ 0.029       4.29     $ 2,674,937  

Schedule of Stock Options Valuation of Assumptions

The following assumptions were used at September 30, 2017 to value the stock options using the Black Scholes option pricing model.

 

    Nine months ended
    September 30, 2017
     
Expected term   1.5 - 5 years
Exercise price   $0.0216 - $0.054
Expected volatility   184% - 190%
Expected dividends   None
Risk-free interest rate   1.23% - 1.79%
Forfeitures   None