Annual report pursuant to Section 13 and 15(d)

NOTE 7. STOCK OPTIONS AND SUBSCRIPTIONS PAYABLE (Tables)

v3.10.0.1
NOTE 7. STOCK OPTIONS AND SUBSCRIPTIONS PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2017
Warrant [Member]  
Summary of stock option activity

The following table summarizes the changes in the Company’s outstanding warrants during the year ended December 31, 2017

 

   

Warrants

Outstanding

Number of

Shares

    

Exercise Price

Per

Share

    Weighted Average Remaining Contractual Life  

Weighted Average

Exercise Price Per Share

     Aggregate Intrinsic Value  
Balance at December 31, 2016     39,159,476     $ 0.0035 - 0.0190     3.20 Years   $ 0.0041       78,319  
Warrants Granted     9,210,067     $ 0.0044 - 0.0160     4.44 Years   $ 0.0064          
Warrants Exercised     32,248,932     $ 0.0035                      
Warrants Expired     -       -                      
Balance at December 31, 2017     16,120,611     $ 0.0035 - 0.0190     4.06 Years   $ 0.0066       (51,586 )
                                     
Exercisable at December 31, 2016      39,159,476     $ 0.0035 - $0.0190     3.20 Years   $  0.0041        78,319  
Exercisable at December 31, 2017      16,120,611     $ 0.0035 - $0.0190     4.06 Years   $  0.0066        (51,586 )
Schedule of stock options valuation assumptions

The fair value of these options were determined using the Black-Sholes option pricing model based on the following assumptions:

 

Exercise price   $0.0035-$0.0190  
Dividend yield     0 %
Volatility   143%-167 % 
Risk-free Interest Rate   1.12%-2.16 %
Expected life of options   5 Years  
         

 
Stock option [Member]  
Summary of stock option activity
   

Options

Outstanding

Number of

Shares

    

Exercise

Price Per

Share

   

Weighted

Average Remaining Contractual Life

  

Weighted Average

Exercise Price Per Share

    

Aggregate

Intrinsic Value

 
Balance at December 31, 2016     2,225,000     $ 0.0045 - 0.0250     4.00 Years   $ 0.0204       (31,818 )
Options Granted     -       -                      
Options Exercised     -       -                      
Options Cancelled     -       -                      
Options Expired     -       -                      
Balance at December 31, 2017     2,225,000     $ 0.0045 - 0.0250     3.00 Years   $ 0.0204       (37,825 )
                                     
Exercisable at December 31, 2016     2,225,000     $ 0.0045 - $0.0250     4.00 Years   $ 0.0204       (31,818 )
Exercisable at December 31, 2017     2,225,000     $ 0.0045 - $0.0250     3.00 Years   $ 0.0204       (37,825 )
Schedule of stock options valuation assumptions

The fair value of these options were determined to be $10,377 using the Black-Sholes option pricing model based on the following assumptions and recorded to general and administrative expense as incurred:

 

Exercise price   $ 0.0045 - $0.025  
Dividend yield     0 %
Volatility   162%-175 %
Risk-free Interest Rate   1.14%-1.55 %
Expected life of options   5 Years