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Stock Options and Warrants (Tables)
3 Months Ended
Mar. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

A summary of the Company’s stock option plans as of March 31, 2019, and changes during the three-month period then ended is presented below:


 

 

Three Months Ended

March 31, 2019

 

  

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

Options outstanding at December 31, 2018

 

 

11,785,000

 

 

$

0.05

 

Options granted

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

Options forfeited

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

Options at end of period

 

 

11,785,000

 

 

$

0.05

 

Options exercisable at March 31, 2019

 

 

2,190,000

 

 

$

0.19

Schedule of Nonvested Options Activity

Changes in the Company’s non-vested options for the three months ended March 31, 2019 are summarized as follows:


 

 

Three Months Ended

March 31, 2019

 

  

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

Nonvested options at December 31, 2018

 

 

9,595,000

 

 

$

0.02

 

Granted

 

 

 

 

 

 

Vested

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

Nonvested options at March 31, 2019

 

 

9,595,000

 

 

$

0.02

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

 

$0.017- $0.30

 

 

 

11,785,000

 

 

 

8,06

 

 

 

$0.05

 

 

 

2,190,000

 

 

 

$0.19

 

Totals

 

 

 

11,785,000

 

 

 

8.06

 

 

 

$0.05

 

 

 

2,190,000

 

 

 

$0.19

Summary of Warrants Activity

A summary of the Company’s warrant activity as of March 31, 2019 and changes during the three-month period then ended is presented below:


 

 

Three months ended

March 31, 2019

 

  

 

Warrants

 

 

Weighted
Average
Exercise Price

 

Warrants outstanding at December 31, 2018

 

 

773,336

 

 

$

0.16

 

Granted

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Warrants outstanding and exercisable at March 31, 2019

 

 

773,336

 

 

$

0.16

Summary of Warrants Outstanding and Exercisable by Price Range

 

 

 

Warrants Outstanding and Exercisable

 

Range of Exercise Price

 

 

Number Outstanding

 

 

Remaining Average Contractual Life (In Years)

 

 

Weighted Average

Exercise Price

 

$0.05 - $0.25

 

 

 

773,336

 

 

 

1.15

 

 

$

0.16

 

Totals

 

 

 

773,336

 

 

 

1.15

 

 

$

0.16