STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

Schedule of granted warrants

The Company issued 1,251,750 common stock warrants to its investment bankers in connection with the June 2019 private common stock offering as described above in the nine months ended September 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 September 30,2019		47,453,227	$	0.09		1.3 Years

Schedule of black - scholes option-pricing model valuation assumption

The following assumptions were used to determine fair value in the nine-months ended September 30, 2019.

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 nine months ended September 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		9.5		-
Forfeitures		(453,333	)		0.11		-		-
Outstanding as of September 30,2019		106,400,006			0.20		6.6	$	1,952,230
Exercisable as of September 30, 2019		99,540,282		$	0.20		6.6	$	1,920,074

Schedule of stock option

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

				Weighted Average
				Contractual
Exercise Price		Outstanding		Life (Yrs.)		Exercisable
$	0.00001		3,500,000		6.0		3,500,000
	0.05		32,700,006		6.8		31,700,006
	0.10		27,200,000		7.0		26,644,444
	0.12		1,200,000		9.2		—
	0.13		250,000		8.1		145,832
	0.15		2,800,000		6.1		2,800,000
	0.22		2,750,000		8.3		750,000
	0.25		2,500,000		8.6		1,166,667
	0.26		500,000		8.6		166,667
	0.29		1,000,000		7.5		666,667
	0.40		1,000,000		6.4		1,000,000
	0.45		31,000,000		6.1		31,000,000
			106,400,006		6.6		99,540,282