Options and Warrants

9 Months Ended

Sep. 30, 2016

Options and Warrants [Abstract]

OPTIONS AND WARRANTS

NOTE 9 – OPTIONS AND WARRANTS

Options.

The following is a summary of stock option activity:

				Weighted
				Average
	Options			Exercise
	Outstanding			Price
Outstanding, December 31, 2015		--			--
Granted		6,500,000		$	0.15
Forfeited		--			--
Exercised		(6,500,000	)		0.15
Outstanding, September 30, 2016		--			--
Exercisable, September 30, 2016		--			--

For options granted during 2016 where the exercise price was less than the stock price at the date of the grant, the weighted-average fair value of such options was $2.45 and the weighted-average exercise price of such options was $0.15.  No options were granted during 2016 where the exercise price was greater than the stock price or equal to the stock price at the date of grant.

The fair value of the stock options was expenses immediately as the options vested immediately. The Company recorded stock option expense of $15,925,010 during the nine months ended September 30, 2016.

The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options granted are as follows:

Risk-free interest rate	1.01%
Expected life of the options	.01 year
Expected volatility	703%
Expected dividend yield	0%

Warrants.

The following is a summary of warrant option activity:

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Warrants		Exercise		Contractual		Intrinsic
	Outstanding		Price		Life		Value
Outstanding, December 31, 2015		26	$	950.00		--		--
Granted		--		--		--		--
Forfeited		--		--		--		--
Exercised		--		--		--		--
Outstanding, September 30, 2016		26	$	950.00		4.41	$	--
Exercisable, September 30, 2016		26	$	950.00		4.41	$	--

The exercise price for warrants outstanding and exercisable at September 30, 2016 are as follows:

Outstanding and Exercisable
Number of		Exercise
Warrants		Price
	26	$	950.00

Also see Note 3.