Quarterly report pursuant to Section 13 or 15(d)

I. STOCK OPTIONS AND WARRANTS (Tables)

v3.8.0.1
I. STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2018
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       2,000,000       8.76     $ 0.14       2,000,000     $ 0.14  
$ 0.16 - $0.99       1,307,399       5.23       0.20       1,112,399       0.20  
          3,307,399       7.37     $ 0.16       3,112,399     $ 0.16  
Option activity
    Number of
Shares
    Weighted Average
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            
Exercised            
Cancelled or expired     (1,069,075 )     0.14  
Outstanding at March 31, 2018     3,307,399     $ 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

 
$ 0.20       250,000       3.52     $ 0.20       250,000     $ 0.20  
Warrant activity
    Number of
Shares
    Weighted Average
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 March 31, 2018     250,000     $ 0.20