Stock Options

3 Months Ended

Mar. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options

7. Stock Options

The following table summarizes the continuity of the Company’s stock options:

Outstanding, December 31, 2017	3,315,000
Granted	-
Exercised	-
Expired	(100,000	)
Outstanding, March 31, 2018	3,215,000

As of March 31, 2018, all stock options have fully vested. The weighted average remaining life of the stock options are 2.83 years (December 31, 2017: 2.99). The weighted average exercise price at the period ended March 31, 2018 is $0.14 (December 31, 2017: $0.14). The aggregate intrinsic value of the stock options at March 31, 2018 is $7,150 (December 31, 2017: $103,050).

There was no compensation expense related to stock options recognized during the three months ended March 31, 2018 and $23,787 recorded for the comparative three months ended March 31, 2017. At March 31, 2018, the Company has no unrecognized compensation expense related to stock options.

There was no restricted stock expense for the three months ended March 31, 2018. For the three months ended March 31, 2017 restricted stock expense recorded as stock-based compensation was $3,294.