Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS OPTIONS AND GRANTS (Tables)

v3.5.0.2
STOCK WARRANTS OPTIONS AND GRANTS (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options Issued

Six Months Ended

June 30, 2016

 

Dividend yield

 

 

0%

 

Expected volatility

 

89% - 90%

 

Risk free interest rate

 

1.01% - 1.21%

 

Expected life (years)

 

 

5.00

 

 

Summary of Stock Option Activity

A summary of stock option activity is as follows:

 

 

 

Common Stock Options

 

 

Weighted Average

Exercise Price

 

Outstanding – January 1, 2015

 

 

381,250

 

 

$

0.36

 

Issued

 

 

675,000

 

 

 

0.23

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – December 31, 2015

 

 

1,056,250

 

 

$

0.28

 

Issued

 

 

315,000

 

 

 

0.29

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding – June 30, 2016

 

 

1,371,250

 

 

$

0.28

 

Exercisable –June 30, 2016

 

 

990,000

 

 

$

0.24