Annual report pursuant to Section 13 and 15(d)

J. STOCK OPTIONS AND WARRANTS (Tables)

v3.19.1
J. STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of 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       2,000,000       8.01     $ 0.14       2,000,000     $ 0.14  
$ 0.16 - $1.00       1,349,793       4.84       0.18       1,134,950       0.18  
          3,349,793       6.73     $ 0.16       3,134,950     $ 0.16  
Schedule of option activity
    Number of
Shares
    Weighted Average Exercise
Price Per Share
 
Outstanding at January 1, 2017     2,832,725     $ 0.18  
Granted     3,000,000       0.14  
Exercised            
Cancelled or expired     (1,456,251 )     0.17  
Outstanding at December 31, 2017     4,376,474     $ 0.16  
Granted     67,394       0.17  
Exercised            
Cancelled or expired     (1,094,075 )     0.14  
Outstanding at December 31, 2018     3,349,793     $ 0.16  
Schedule of valuation assumptions
    2018     2017  
Expected life of option (years)     10       7  
Risk-free interest rate     2.80%       1.22%  
Assumed volatility     87%       81%  
Expected dividend rate     0       0  
Expected forfeiture rate     65%       10%  
Schedule of 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

 
$ 0.20     250,000     3.02     $ 0.20     250,000     0.20  
Schedule of warrant activity
    Number of
Shares
    Weighted Average Exercise
Price Per Share
 
Outstanding at January 1, 2017     300,000       0.20  
Issued            
Exercised            
Cancelled or expired     (50,000 )     0.18  
Outstanding at December 31, 2017     250,000     $ 0.20  
Issued            
Exercised            
Cancelled or expired            
Outstanding at December 31, 2018     250,000     $ 0.20