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STOCKHOLDER'S EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of warrant activity

The following is a summary of the Company’s warrant activity for the years ended December 31, 2016 and 2015:

			Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Life
Outstanding at December 31, 2014				—			$	—
Granted				35,171,744			$	0.10
Outstanding at December 31, 2015				35,171,744			$	0.10				3.6 Years
Granted				15,966,953			$	0.11				4.3 Years
Outstanding at December 31, 2016				51,138,697			$	0.11				3.8 Years

Schedule of black - scholes option-pricing model valuation assumption

The Company determined the grant date fair value of the options granted during the years ended December 31, 2016 and 2015 using the Black Scholes Method and the following assumptions:

		2016		2015
Expected Volatility		79.0% to 93.0%		85.0% to 93.0%
Expected Term		2.5 – 5.9 Years		2.5 to 4.2 Years
Risk Free Rate		1.16% to 1.49%		1.40% to 1.51%
Dividend Rate		0.00%		0.00%

Schedule of outstanding stock options

Activity related to stock options for the years ended December 31, 2015 and 2016 is summarized as follows:

			Number of Shares				Weighted Average Exercise Price				Weighted Average Contractual Term (Yrs.)				Aggregate Intrinsic Value
Outstanding as of January1, 2015				—			$	—				—			$	—
Granted				47,800,000			$	0.32				8.7			$	7,698,650
Outstanding as of December 31, 2015				47,800,000			$	0.32				8.7			$	7,698,650
Granted				40,000,000			$	0.07				9.1			$	7,475,000
Forfeited				(875,000	)		$	0.07				—			$	—
Outstanding as of December 31, 2016				86,925,000			$	0.21				9.5			$	10,023,400
Exercisable as of December 31, 2016				55,416,666			$	0.29				8.9			$	4,277,237

Schedule of stock option

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

Exercise Prices				Outstanding				Weighted Average Contractual Life				Exercisable
$	0.0001				3,500,000				8.8 Years				2,625,000
$	0.05				36,500,000				9.6 Years				11,708,333
$	0.10				8,125,000				9.1 Years				6,375,000
$	0.15				6,300,000				8.7 Years				3,233,333
$	0.25				500,000				9.3 Years				100,000
$	0.40				1,000,000				9.2 Years				1,000,000
$	0.45				31,000,000				8.8 Years				30,375,000
	Total				86,925,000				8.9Years				55,416,666

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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