XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock Options (Tables)
3 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity for the three months ended June 30, 2017 is summarized below:

 

    June 30, 2017  
    Number of
Options
    Weighted Average
Exercise Price
 
Stock Options:                
Balance at beginning of period     1,970,000     $ 0.19  
Granted     480,000       0.49  
Exercised     -       -  
Forfeited     -       -  
Balance at end of period     2,450,000     $ 0.23  
                 
Options exercisable at end of period     1,870,000     $ 0.18  

Schedule of Employee Stock Options Outstanding

The following table summarizes information about employee stock options outstanding at June 30, 2017:

 

Range of
Exercise Price
  Number Outstanding at
June 30, 2017
    Weighted Average
Remaining
Contractural Life
    Weighted
Average Exercise
Price
    Number
Exercisable at
June 30, 2017
    Weighted
Average Exercise
Price
 
$.03 - $.33     1,850,000       5.4       0.15       1,750,000       0.13  
$.45 - $.93     600,000       6.2       0.48       120,000       0.45  
*     2,450,000                       1,870,000