WARRANTS AND PREFERRED STOCKS (Tables)

9 Months Ended

Sep. 30, 2019

WARRANTS AND PREFERRED STOCKS (Tables)

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		-			-		-
Extended		6,909,000			0.15		2
Exercised		-			-		-
Forfeited/expired		(6,909,000	)		0.15		-
Outstanding at September 30, 2019		6,909,000		$	0.15		1.94
Exercisable at September 30, 2019		6,909,000		$	0.15		1.94

Assumptions used in Black Scholes option-pricing model

Average risk-free interest rate	1.58	%
Average expected life-years	2
Expected volatility	172.88	%
Expected dividends	0	%