Quarterly report pursuant to Section 13 or 15(d)

H. STOCK OPTIONS AND WARRANTS (Tables)

v3.7.0.1
H. STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options outstanding and exercisable
    Options Outstanding       Options Exercisable  
    Exercise Prices    

Number

Outstanding

     

Weighted Average

Remaining

Contractual Life

(Years)

     

Weighted Average

Exercise Price

     

Number

Exercisable

     

Weighted Average

Exercise Price

 
  $ 0.01 - $0.15     3,175,000       9.01     $ 0.14       3,175,000     $ 0.14  
  $ 0.16 - $0.99     2,507,725       3.76       0.18       2,226,800       0.18  
          5,682,725       6.69     $ 0.16       5,401,800     $ 0.16  
Option activity
    Number of
Shares
    Weighted Average
Price Per Share
 
Outstanding at January 1, 2016     1,825,225     $ 0.28  
Granted     1,300,000       0.17  
Exercised            
Cancelled or expired     (292,500 )     0.69  
Outstanding at December 31, 2016     2,832,725     $ 0.18  
Granted     3,000,000       0.14  
Exercised            
Cancelled or expired     (150,000 )     0.19  
Outstanding at June 30, 2017     5,682,725     $ 0.16  
Warrants outstanding and exercisable
Warrants Outstanding       Warrants Exercisable  
  Exercise Prices      

Number

Outstanding

     

Weighted Average

Remaining

Contractual Life

(Years)

     

Weighted Average

Exercise Price

     

Number

Exercisable

     

Weighted Average

Exercise Price

 
$ 0.18       50,000       0.41     $ 0.18       50,000     $ 0.18  
  0.20       250,000       4.27       0.20       250,000       0.20  
          300,000       3.63     $ 0.20       300,000     $ 0.20  
Warrant activity
    Number of
Shares
    Weighted Average
Price Per Share
 
Outstanding at January 1, 2016     5,638,410     $ 0.20  
Issued            
Exercised     (5,211,542 )     0.13  
Cancelled or expired     (126,868 )     3.00  
Outstanding at December 31, 2016     300,000       0.20  
Issued            
Exercised            
Cancelled or expired            
Outstanding at June 30, 2017     300,000     $ 0.20