STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of granted warrants

The granted warrants to its investment bankers in connection with the June 2019 private common stock offering as described above in the in the six months ended June 30, 2019:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life
Outstanding at December 31, 2018		46,201,477	$	0.08	1.9 Years
Granted		1,251,750		0.09	5.0 Years
Outstanding at June 30,2019		47,453,227	$	0.09	1.3 Years

Schedule of black - scholes option-pricing model valuation assumption

The options have a term of ten years and the approximate fair value of the options were $49,000.

Expected Volatility – 75%

Expected Term – 2.5 – 6.5 Years

Risk Free Rate – 2.0%

Dividend Rate – 0.00%

Schedule of outstanding stock options

Activity related to stock options for the six months ended June 30, 2019 is summarized as follows: 

				Weighted Average		Weighted Average		Aggregate
	Number of			Exercise		Contractual		Intrinsic
	Shares			Price		Term (Yrs.)		Value
Outstanding as of December 31, 2018		106,253,339		$	0.20		7.4	$	1,989,163
Granted		600,000			0.12		9.7		-
Forfeitures		(253,333	)		0.10		-		-
Outstanding as of June 30,2019		106,600,006			0.20		7.1	$	1,952,230
Exercisable as of June 30,2019		99,404,867		$	0.20		7.1	$	1,920,074

Schedule of stock option

The following table summarizes stock option information as of June 30, 2019:

				Weighted Average
				Contractual
Exercise Price		Outstanding		Life (Yrs.)		Exercisable
$	0.00001		3,500,000		6.5		3,500,000
	0.05		32,700,006		7.3		32,043,756
	0.10		27,200,000		7.5		26,227,778
	0.12		1,400,000		9.5		—
	0.13		250,000		8.6		83,333
	0.15		2,800,000		6.6		2,800,000
	0.22		2,750,000		8.8		750,000
	0.25		2,500,000		8.6		1,166,667
	0.26		500,000		9.1		166,667
	0.29		1,000,000		8.0		666,667
	0.40		1,000,000		6.9		1,000,000
	0.45		31,000,000		6.6		31,000,000
			106,600,006		7.1		99,404,867