7. Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Option activity

	Number of options		Weighted average exercise price
Balance at December 31, 2015		1,600,674	$	7.73
Options granted during the period		15,643,000	$	5.16
Options exercised during the period		–	$	–
Options forfeited during the period		–	$	–
Options expired during the period		–	$	–
Options outstanding at June 30, 2016		17,243,674	$	5.40
Options exercisable at June 30, 2016		13,823,674	$	6.48

Assumptions used

Expected term	9.89	years
Expected volatility	168%
Risk free interest rate	1.88%
Dividend yield	0%

Antidilutive Securities

	June 30,		June 30,
	2016		2015
Stock options outstanding		17,243,674		9,771,908
Warrants outstanding		6,834,569		–
Convertible debt		6,915,626		409,638
Convertible preferred stock		11,948,047		72,711
		42,941,916		10,254,256