Annual report pursuant to Section 13 and 15(d)

Shareholders' Deficit (Tables)

v3.19.1
Shareholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Preferred Stock

The Company has authorized 5,000,000 shares of preferred stock which have been designated as follows:

 

    Number of Shares Authorized     Number of Shares Outstanding at December 31, 2018     Par Value     Liquidation Value per Share  
Series AA     1,000,000       25,000     $ 0.0010     $ -  
Preferred Series B     50,000       600     $ 0.0001     $ 100  
Preferred Series C     8,000       1,720     $ 0.0001     $ 1,000  
Undesignated     3,942,000       -       -       -  

Schedule of Stock Options Outstanding

Stock option activities for the years ended December 31, 2018 and 2017 are as follows:

 

    Options     Weighted Average Exercise Price Per Share     Weighted Average Remaining Contractual Term (years)     Aggregate Intrinsic Value  
Outstanding at January 1, 2017     -     $ -                  
Granted     93,203,369     $ 0.029                  
Cancelled     -     $ -                  
Exercised     -     $ -                  
Outstanding at December 31, 2017     93,203,369     $ 0.029       3.96     $ 2,721,538  
                                 
Granted     1,350,000     $ 0.034                  
Cancelled     -     $ -                  
Exercised     -     $ -                  
Outstanding at December 31, 2018     94,553,369     $ 0.029       2.94     $ -  
                                 
Exercisable at December 31, 2018     93,886,702     $ 0.029       2.95     $ -  

Schedule of Share-based Compensation, Shares Authorized Under Stock Option Plans, by Exercise Price Range

The balance of all stock options outstanding as of December 31, 2018 is as follows:

 

      Outstanding     Exercisable  
            Weighted                    
            Average     Weighted           Weighted  
Range of           Remaining     Average           Average  
Exercise     Number     Contractual     Exercise     Number     Exercise  
Prices     Outstanding     Life     Price     Exercisable     Price  
                                 
  Options                                          
$ 0.0540       19,250,000       8.29     $ 0.0540       19,250,000     $ 0.0540  
$ 0.0470       350,000       2.12     $ 0.0470       350,000     $ 0.0470  
$ 0.0298       1,000,000       1.61       0.0298       333,333       0.0298  
$ 0.0269       6,022,305       1.72     $ 0.0269       6,022,305     $ 0.0269  
$ 0.0216       67,931,064       1.55     $ 0.0216       67,931,064     $ 0.0216  
          94,553,369       2.94     $ 0.029       93,886,702     $ .029  

Schedule of Warrants Outstanding

A summary of the status of the warrants granted under these agreements at December 31, 2018, and changes during the years ended December 31, 2017 and 2018 are presented below:

 

    Outstanding Warrants  
          Weighted Average  
          Exercise Price  
    Shares     Per Share  
Outstanding at January 1, 2017     9,494,940     $ 0.33  
Granted     52,563,052     $ 0.31  
Cancelled     -     $ -  
Exercised     (250,000 )   $ 0.02  
Outstanding at December 31, 2017     61,807,992     $ 0.31  
                 
Granted     22,242,888     $ 0.18  
Cancelled     (300,000 )   $ 0.81  
Exercised     (6,200,000 )   $ 0.0001  
Outstanding at December 31, 2018     77,550,880     $ 0.30  
                 
Exercisable at December 31, 2018     77,550,880     $ 0.30  

Schedule of Warrants Exercise Price Range

      Outstanding     Exercisable  
            Weighted                    
            Average     Weighted           Weighted  
Range of           Remaining     Average           Average  
Exercise     Number     Contractual     Exercise     Number     Exercise  
Prices     Outstanding     Life     Price     Exercisable     Price  
                                 
  Warrants                                          
                                             
$ 0.0165-0.0500       24,080,628       2.37     $ 0.034       24,080,628     $ 0.034  
$ 0.0508-0.10       24,948,831       2.51     $ 0.073       24,948,831     $ 0.073  
$ 0.108-0.239       6,010,037       2.60     $ 0.161       6,010,037     $ 0.161  
$ 0.25-0..48       2,862,687       1.56     $ 0.276       2,862,687     $ 0.276  
$ 0.5623-1.00       19,648,697       1.89     $ 0.951       19,648,697     $ 0.951  
          77,550,880       2.28     $ 0.298       77,550,880     $ 0.298