STOCKHOLDER'S EQUITY (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of the warrant activity

The following is a summary of the Company’s warrant activity for the six months ended June 30, 2016:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life
Outstanding at December 31, 2015		35,171,744	$	0.10	4.1 Years
Granted		6,666,953	$	0.27	4.8 Years
Outstanding at June 30, 2016		41,838,697	$	0.13	4.2 Years

Schedule of black - scholes option-pricing model valuation assumption

The Company determined the grant date fair value of the options granted during the six months ended June 30, 2016 using the Black Scholes Method and the following assumptions:

Expected Volatility – 80.0% to 93.0%

Expected Term – 2.5 – 3.1 Years

Risk Free Rate – 0.98%

Dividend Rate – 0.00%

Schedule of outstanding stock options

Activity related to stock options for the six months ended June 30, 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		4.24	$	924,650
Granted		3,000,000	$	0.34		5.41	$	25,000
Outstanding as of June 30, 2016		50,800,000	$	0.32		4.31	$	949,650
Exercisable as of June 30, 2016		40,016,667	$	0.37		4.27	$	493,575

Schedule of stock option

The following table summarizes stock option information as of June 30, 2016:

Exercise Prices		Outstanding		Weighted Average Contractual Life	Exercisable
$	0.0001		3,500,000	4.25 Years		1,750,000
$	0.10		8,500,000	4.22 Years		4,625,000
$	0.15		6,300,000	4.25 Years		2,416,666
$	0.25		500,000	9.76 Years		100,000
$	0.40		1,000,000	4.67 Years		1,000,000
$	0.45		31,000,000	4.25 Years		30,125,000
	Total		50,800,000	4.31 Years		40,016,667