Quarterly report pursuant to Section 13 or 15(d)

H. STOCK OPTIONS AND WARRANTS (Tables)

v3.8.0.1
H. STOCK OPTIONS AND WARRANTS (Tables)
9 Months Ended
Sep. 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       3,075,000       6.19     $ 0.14       3,075,000     $ 0.14  
$ 0.16 - $0.99       2,476,800       3.44       0.18       2,246,800       0.18  
          5,551,800       4.97     $ 0.16       5,321,800     $ 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     (280,925 )     0.17  
Outstanding at September 30, 2017     5,551,800     $ 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       0.16     $ 0.18       50,000     $ 0.18  
  0.20       250,000       4.02       0.20       250,000       0.20  
          300,000       3.38     $ 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 September 30, 2017     300,000     $ 0.20