PRIVATE PLACEMENT OFFERING (Tables)

6 Months Ended

Jun. 30, 2019

PRIVATE PLACEMENT OFFERING (Tables)

Allocated to the instruments as follows

Warrant liabilities	$	141,027
Redeemable and Convertible Preferred Stock		1,388,367
Common Stock		470,706
Total allocated gross proceeds:	$	2,000,100

Schedule of Share-based Compensation, Warrant Options

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2018		6,909,000	$	0.15		0.68
Granted		-		-		-
Exercised		-		-		-
Forfeited/expired		-		-		-
Outstanding at June 30, 2019		6,909,000	$	0.15		0.19
Exercisable at June 30, 2019		6,909,000	$	0.15		0.19

Assumptions used in Black Scholes option-pricing model

Average risk-free interest rate	1.27	%
Average expected life-years	2
Expected volatility	135.42	%
Expected dividends	0	%