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Stock Options and Warrants (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Stock Options Activity

 

 

Nine Months Ended

September 30, 2016

 

  

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

Options outstanding at December 31, 2015

 

 

3,858,000

 

 

$

0.22

 

Options granted

 

 

25,000

 

 

 

0.04

 

Options exercised

 

 

--

 

 

 

--

 

Options cancelled

 

 

--

 

 

 

--

 

Options expired

 

 

(52,500

)

 

 

0.18

 

Options at end of period

 

 

3,830,500

 

 

 

.19

 

Options exercisable at September 30, 2016

 

 

3,102,993

 

 

 

.20

 

Schedule of Unvested Options Activity

 

 

Nine Months Ended

September 30, 2016

 

  

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

Nonvested options at December 31, 2015

 

 

1,006,667

 

 

$

0.17

 

Granted

 

 

25,000

 

 

 

0.04

 

Vested

 

 

(266,660

)

 

 

0.16

 

Forfeited

 

 

(37,500

)

 

 

0.17

 

Nonvested options at September 30, 2016

 

 

727,507

 

 

 

0.16

 

Summary of Options Outstanding by Price Range

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Price

 

 

Number Outstanding

 

 

Remaining Average Contractual Life (In Years)

 

 

Weighted Average Exercise Price

 

 

Number Exercisable

 

 

Weighted Average Exercise Price

 

$0.04 – $0.34

 

 

 

3,830,500

 

 

 

4.53

 

 

 

$0.21

 

 

 

3,102,993

 

 

 

$0.20

 

Totals

 

 

 

3,830,500

 

 

 

4.53

 

 

 

$0.21

 

 

 

3,102,993

 

 

 

$0.20

 

Summary of Warrants Activity

 

 

Nine months ended

September 30, 2016

 

  

 

Weighted Average Exercise

 

  

 

Warrants

 

 

Price

 

Warrants outstanding at December 31, 2015

 

 

1,099,915

 

 

$

0.32

 

Granted

 

 

350,000

 

 

 

0.05

 

Expired

 

 

(39,219

)

 

 

0.50

 

Warrants outstanding at September 30, 2016

 

 

1,410,696

 

 

$

0.25

 

Summary of Warrants Outstanding by Price Range

 

 

 

Warrants Outstanding

 

Range of Exercise Price

 

 

Number Outstanding

 

 

Remaining Average Contractual Life (In Years)

 

 

Weighted Average

Exercise Price

 

$0.25 - $0.50

 

 

 

1,410,696

 

 

 

2.4

 

 

 

$0.25

 

Totals

 

 

 

1,410,696

 

 

 

2.4

 

 

 

$0.25