Stock Options And Warrants (Tables)

6 Months Ended

Jun. 30, 2018

Stock Options And Warrants Tables

Summary of Fair Value Assumptions of Options

The fair value of options granted during the six months ended June 30, 2018 and year ended December 31, 2017, were determined using the Black Scholes method with the following assumptions:

	Six months ended			Year ended
	June 30, 2018			December 31, 2017
Risk free interest rate		5.00	%		5.00	%
Stock volatility factor		397	%		397	%
Weighted average expected option life		5 years			5 years
Expected dividend yield		none			none

Summary of Stock Option Activity

A summary of the Company’s stock option activity and related information follows:

	Six Months ended June 30, 2018				Six Months ended June 30, 2017
			Weighted average				Weighted average
	Options		exercise price		Options		exercise price
Outstanding -beginning of period		134,800,000	$	0.013		123,000,000	$	0.013
Granted		20,000,000	$	0.040		—	$	—
Exercised		—	$	—		—	$	—
Forfeited		—	$	—		—	$	—
Outstanding - end of period		154,800,000	$	0.017		123,000,000	$	0.013
Exercisable at the end of the period		125,738,995	$	0.013		94,095,890	$	0.012
Weighted average fair value of
options granted during the year			$	800,000			$	—

Summary of Weighted Average Remaining Contractual Life of Options Outstanding

The weighted average remaining contractual life of options outstanding, as of June 30, 2018 was as follows:

		Number of		Weighted Average
Exercise		options		remaining contractual
prices		outstanding		life (years)
$	0.05		1,800,000		4.22
$	0.04		20,000,000		4.52
$	0.02		35,000,000		4.16
$	0.01		60,000,000		3.6
$	0.01		15,000,000		3.72
$	0.01		10,000,000		4.09
$	0.005		12,500,000		1.12
$	0.004		500,000		3.29
			154,800,000