Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Warrants [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of outstanding service-based options

  Number of Shares     Weighted Average 
Exercise Price
    Year of 
Expiration
                   
  Balance at December 31, 2016     1,954,891     $ 0.19     2017 - 2019
  Issued     2,566,367                0.40     2019 - 2020
                       
  Balance at June 30, 2017     4,521,258       0.31   2017 - 2020
Summary of significant assumptions used to determine fair values of options issued using Black-Scholes option-pricing model

  Expected volatility     127% - 215%  
  Risk free interest rate     1.24% - 2.14%  
  Expected dividend yield     -  
  Expected term (in years)     1.2 - 8.3  
  Weighted average grant date fair value     $0.12 - 0.30
Service-Based Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of outstanding service-based options

      Number of
Options
 
  Balance at December 31, 2016     10,700,273  
  Issued     500,000  
           
  Balance at June 30, 2017     11,200,273
Summary of significant assumptions used to determine fair values of options issued using Black-Scholes option-pricing model

  Significant assumptions:      
  Risk-free interest rate at grant date     1.49 %
  Expected stock price volatility     216.7 %
  Expected dividend payout      
  Expected option life-years     3 years  
  Weighted average grant date fair value   $ 0.24  
  Forfeiture rate     0 %
Summary of outstanding service-based options exercise price
 
Exercise Price   Number of
Options
    Weighted Average Remaining Contractual Life  
               
  $0.10     1,380,273       1 year  
  $0.20 - $0.25     8,620,000       5 years  
  $0.40     1,200,000       5 years  
  Total     11,200,273