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Stock Options
 9 Months Ended
Sep. 30, 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     (1,200,000 )
Outstanding, September 30, 2018     2,115,000  

 

As of September 30, 2018, all stock options have fully vested. The weighted average remaining life of the stock options are 3.02 years (December 31, 2017: 2.99). The weighted average exercise price at the period ended September 30, 2018 is $0.15 (December 31, 2017: $0.14). The aggregate intrinsic value of the stock options at September 30, 2018 is $0 (December 31, 2017: $103,050).

 

There was no compensation expense related to stock options recognized during the nine months ended September 30, 2018 and $23,787 recorded for the comparative nine months ended September 30, 2017. At September 30, 2018, the Company has no unrecognized compensation expense related to stock options and as of September 30, 2017 the Company had $277,874 in unrecognized compensation expense related to stock options.