Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Incentive Plan and Stock-based Compensation

The Company’s activity in restricted shares was as follows for the nine months ended September 30, 2017:

	Number of shares			Weighted average grant date fair value
Non–vested at December 31, 2016		1,000,000		$	2.31
Granted		4,000,000		$	1.25
Vested		(900,000	)	$	1.74
Forfeited		–
Non–vested at September 30, 2017		4,100,000		$	1.40

Schedule of Stock Options Activity

The following is a summary of the Company’s stock option activity for the nine months ended September 30, 2017:

	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Life		Intrinsic Value
Outstanding – January 1, 2017		6,000,000	$	0.71	$	1.28
Granted		–
Exercised		–
Forfeited/Cancelled		–
Outstanding – September 30, 2017		6,000,000	$	0.71	$	1.29		4.87	$	12,550
Exercisable – September 30, 2017		6,000,000	$	0.71	$	1.29		4.87	$	12,550

Summary of Warrant Outstanding

The following table summarizes information about shares issuable under warrants outstanding at September 30, 2017:

	Warrant shares outstanding			Weighted average exercise price		Weighted average remaining life		Intrinsic Value
Outstanding at January 1, 2017		100,000		$	3.75
Issued		14,256,699		$	0.93
Exercised		(1,160,000	)	$	0.82
Expired		-
Outstanding at September 30, 2017		13,196,699		$	0.96		2.95	$	24,358
Exercisable at September 30, 2017		13,196,699		$	0.96		2.95	$	24,358