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Stockholders' Deficiency (Tables)
9 Months Ended
Sep. 30, 2016
Stock Option [Member]  
Schedule of Stock Granted

In applying the Black-Scholes option pricing model to stock options, the Company used the following weighted average assumptions:

 

  Three Months Ended   Nine Months Ended
  September 30,   September 30,
  2016   2015   2016   2015
               
Risk free interest rate 1.00%   1.74% to 2.28%   1.00% to 2.12%   1.35% to 2.28%
Dividend yield 0.00%   0.00%   0.00%   0.00%
Expected volatility 199.0%   196.0% to 197.0%   199.0% to 200.0%   195.0% to 197.0%
Expected life in years 5.5   5.5 to 10.0   5.5 to 10.0   5.5 to 10.0
Summary of Stock Activity

A summary of the stock option activity during the nine months ended September 30, 2016 is presented below:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     In Years     Value  
                         
Outstanding, January 1, 2016     5,341,284     $ 0.70              
Granted     428,906       0.29              
Exercised     (3,108,141 )     0.16              
Forfeited     (797,333 )     2.21              
Outstanding, September 30, 2016     1,864,716     $ 0.85       7.6     $ 224,059  
                                 
Exercisable, September 30, 2016     1,167,449     $ 1.28       6.9     $ 96,992  
Summary of Stock Outstanding and Exercisable

The following table presents information related to stock options at September 30, 2016:

 

      Options Outstanding     Options Exercisable        
      Weighted           Weighted     Weighted        
Range of     Average     Outstanding     Average     Average     Exercisable  
Exercise     Exercise     Number of     Exercise     Remaining Life     Number of  
Price     Price     Options     Price     In Years     Options  
                                 
$ 0.09 - $2.20     $ 0.31       1,582,716     $ 0.45     7.8       885,449  
$ 2.21 - $3.80       2.50       150,000       2.50     3.1       150,000  
$ 3.81 - $6.99       5.49       132,000       5.49     5.0       132,000  
        $ 0.85       1,864,716     $ 1.28     6.9       1,167,449  
Warrant [Member]  
Schedule of Stock Granted

In applying the Black-Scholes option pricing model to stock warrants, the Company used the following weighted average assumptions:

 

  Three Months Ended   Nine Months Ended
  September 30,   September 30,  
  2016   2015   2016   2015
               
Risk free interest rate n/a   1.75%   1.58%   1.26% to 1.75%
Dividend yield n/a   0.00%   0.00%   0.00%
Expected volatility n/a   196.0%   200.0%   195.0% to 197.0%
Contractual term in years n/a   7.10   5.0   5.0 to 7.5
Summary of Stock Activity

A summary of the stock warrant activity during the nine months ended September 30, 2016 is presented below:

 

          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Warrants     Price     In Years     Value  
                         
Outstanding, January 1, 2016     10,046,198     $ 0.41              
Granted     75,000       0.25              
Exercised     (1,795,080 )     0.13              
Forfeited     (250,000 )     2.90              
Outstanding, September 30, 2016     8,076,118     $ 0.39       2.6     $ 188,679  
                                 
Exercisable, September 30, 2016     8,076,118     $ 0.39       2.6     $ 188,679  
Summary of Stock Outstanding and Exercisable

The following table presents information related to stock warrants at September 30, 2016:

 

      Warrants Outstanding     Warrants Exercisable        
      Weighted           Weighted     Weighted        
Range of     Average     Outstanding     Average     Average     Exercisable  
Exercise     Exercise     Number of     Exercise     Remaining Life     Number of  
Price     Price     Warrants     Price     In Years     Warrants  
                                 
$ 0.10 - $0.35     $ 0.29       7,776,118     $ 0.29     2.7       7,776,118  
$ 0.36 - $3.00       2.90       270,000       2.90     0.1       270,000  
$ 3.01 - $4.95       4.95       30,000       4.95     1.0       30,000  
$ 0.10 - $4.95     $ 0.39       8,076,118     $ 0.39     2.6       8,076,118