STOCKHOLDER'S EQUITY (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Schedule of warrant activity

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

	Number of  Shares		Weighted Average Exercise Price		Weighted Average Remaining Life
Outstanding at December 31, 2015		35,171,744	$	0.10	3.83 Years
Granted		15,966,953	$	0.11	4.55 Years
Outstanding at September 30, 2016		51,138,697	$	0.11	4.05 Years

Schedule of black - scholes option-pricing model valuation assumption

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

Expected Volatility – 79% to 93%

Expected Term – 2.5 – 5.9 Years

Risk Free Rate – 1.16% - 1.49%

Dividend Rate – 0.00%

Schedule of outstanding stock options

Activity related to stock options for the nine months ended September 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		3.99	$	924,650
Granted		40,000,000	$	0.09		9.89	$	3,725,000
Outstanding as of September 30, 2016		87,800,000	$	0.21		9.40	$	4,649,650
Exercisable as of September 30, 2016		51,258,333	$	0.30		9.19	$	1,570,658

Schedule of stock option

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

Exercise Prices		Outstanding		Weighted Average Contractual Life	Exercisable
$	0.0001		3,500,000	9.0 Years		1,750,000
$	0.05		37,000,000	9.93 Yeas		10,833,333
$	0.10		8,500,000	8.98 Years		4,500,000
$	0.15		6,300,000	9.0 Years		2,825,000
$	0.25		500,000	9.51 Years		100,000
$	0.40		1,000,000	9.42 Years		1,000,000
$	0.45		31,000,000	9.01Years		30,250,000
	Total		87,800,000	9.19 Years		51,258,333