Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Options (Tables)

v3.10.0.1
Employee Stock Options (Tables) - Employee Stock Options [Member]
9 Months Ended
Sep. 30, 2018
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]  
Schedule of assumptions used to estimate fair value stock options granted
      2018  
         
  Expected dividend yield     0 %
  Expected volatility     80-97 %
  Risk-free interest rate     2.48-2.89 %
  Expected life of options     4.00 years

 

Schedule of stock option activity
      Number of Options     Weighted 
Average
Exercise Price per Share
    Weighted
Average
Contractual
Life in
Years
    Aggregate Intrinsic
Value
 
  Outstanding – December 31, 2017     7,945,000     $ 1.38       3.50          
  Exercisable – December 31, 2017     7,627,500     $ 1.35       3.50     $              0  
  Granted     11,560,000     $ 0.82                  
  Cancelled or Expired     (5,425,000 )   $ 1.33                  
  Outstanding – September 30, 2018     14,080,000     $ 0.94       3.39     $ 0  
  Exercisable – September 30, 2018     7,600,000     $ 1.15       2.92     $ 0