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EQUITY INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of warrant activity

The status of outstanding warrants for 2017, 2016, and 2015 follows:

 

Warrants   Shares     Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic
Value
 
                         
Outstanding at January 1, 2015     44,463,984       0.31       5.47 years        
Granted     14,918,789                          
Forfeited, expired or cancelled     (28,479,234 )                        
Outstanding at December 31, 2015     30,903,539       0.15       5.03 years        
                                 
Granted     4,244,969                          
Forfeited, expired or cancelled                              
Outstanding at December 31, 2016     35,148,508       0.20       3.82 years        
Granted     6,725,476                          
Forfeited, expired or cancelled                              
Excersiable at December 31, 2017     41,873,984       0.18       2.96 year        

Schedule of options outstanding and exercisable

The information regarding the options is set forth below.

 

    2017     2016     2015  
                   
Shares available     50,000,000       50,000,000       50,000,000  
Options outstanding (Directors and employees)     3,695,000       3,695,000       3,695,000  
Options exercisable     3,680,000       3,680,000       3,680,000  
Schedule of option activity

A summary of activity for 2017, 2016 and 2015 follows:

 

Warrants   Options    

Weighted-

 Average
Exercise
Price

    Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
 
                       
Outstanding at January 1, 2015     6,407,500       0.33     6.25 years      
Granted                        
Forfeited, expired or cancelled           0.25              
                             
Outstanding at December 31, 2015     6,407,500       0.28     5.03 years      
Granted                        
Forfeited, expired or cancelled           0.25              
                             
Outstanding at December 31, 2016     6,407,500       0.28     4.25 years      
Granted                        
Forfeited, expired or cancelled           0.25              
                             
Outstanding at December 31, 2017     6,407,500       0.28     3.25 years      
Summary of options granted and vested

The following table summarizes information about options granted and vested during the years ended December 31,

 

    2017     2016     2015  
                   
Options granted     0       0       0  
Weighted-average grant-date fair value ($)     N/A       N/A       N/A  
Options vested     0       0       0  
Fair value of vested options ($)     N/A       N/A       N/A  
Summary of common stock options outstanding and exercisable

A summary of common stock options outstanding and exercisable as of December 31, 2017 follows:

 

Options
Outstanding
    Exercise
Price
Range
    Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term
    Options
Exercisable
    Weight-
Average
Exercise
Price of
Exercisable
Options
 
                                 
  6,407,500       0.28       0.25-0.65       9.85       0       N/A