STOCKHOLDER'S DEFICIT (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of the warrant activity

The following is a summary of the Company’s warrant activity for the three months ended March 31, 2016:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life
Outstanding at December 31, 2015		35,171,744	$	0.10	4.4 Years
Granted		208,332	$	0.48	5.0 Years
Outstanding at March 31, 2016		35,380,076	$	0.13	4.5 Years

Schedule of black - scholes option-pricing model valuation assumption

The Company determined the grant date fair value of the options granted during the three months ended March 31, 2016 using the Black Scholes Method and the following assumptions:

Expected Volatility – 82% to 93%

Expected Term – 2.5 to 4.2 Years

Risk Free Rate – 1.31% to 1.51%

Dividend Rate – 0.00%

Schedule of outstanding stock options

Activity related to stock options for the three months ended March 31, 2016 is summarized as follows:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Contractual Term (Yrs.)		Aggregate Intrinsic Value
Outstanding as of December 31, 2015		47,800,000	$	0.32		4.49	$	2,779,650
Granted		2,500,000	$	0.36		4.82	$	75,000
Outstanding as of March 31, 2016		50,300,000	$	0.33		4.51	$	2,779,650
Exercisable as of March 31, 2016		30,345,833	$	0.37		4.51	$	1,062,577

Schedule of stock option

The following table summarizes stock option information as of March 31, 2016:

Exercise Prices		Outstanding		Weighted Average Contractual Life	Exercisable
$	0.0001		3,500,000	4.5 Years		1,312,500
$	0.10		8,500,000	4.5 Years		3,625,000
$	0.15		6,300,000	4.5 Years		1,908,333
$	0.40		1,000,000	5.5 Years		1,000,000
$	0.45		31,000,000	4.5 Years		22,500,000
	Total		50,300,000	4.5 Years		30,345,833