Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

v3.4.0.3
Stockholders' Deficit (Tables)
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Concerning Options and Warrants Outstanding and Exercisable

The following tables summarize information concerning options and warrants outstanding and exercisable:

 

    Stock Options     Warrants              
    Weighted     Weighted              
    Average     Average           Total  
    Shares     Price
per share
    Shares     Price
per share
    Shares     Exercisable  
Balance outstanding, 01/01/15     3,406,250     $ 0.51       19,182,201     $ 0.49       22,588,451       16,611,528  
Granted     2,500,000       0.40       10,901,426       0.40       13,401,426          
Exercised     -               -       -       -          
Expired     (205,000 )     1.00       (791,678 )     0.31       (996,678 )        
Forfeited     (130,000 )     0.70       -       -       (130,000 )        
Balance outstanding, 12/31/15     5,571,250     $ 0.44       29,291,949     $ 0.49       34,863,199       31,664,469  
Granted     -       -       2,929,552       0.40       2,929,552          
Exercised     -               -       -       -          
Expired     (111,000 )     1.00       (5,223,100 )     0.40       (5,334,100 )        
Forfeited     -       -       -       -       -          
Balance outstanding, 3/31/2016     5,460,250     $ 0.43       26,998,401     $ 0.45       32,458,651       29,658,673  

Schedule of Share-based Compensation Stock Option Plans by Exercise Price Range

  

    Options Outstanding     Options Exercisable  
    Weighted Average     Weighted Average  
Range of
Exercise Prices
  Number of
Options
    Remaining
Contractual
Life (Years)
    Exercise
Price
    Number of
Options
    Remaining
Contractual
Life (Years)
    Exercise Price  
$0.30 - $0.39     1,675,500       8.5     $ 0.30       1,085,024       8.5     $ 0.30  
0.40 - 0.49     2,811,000       9.5       0.40       601,498       8.4       0.40  
0.50 - 0.59     226,250       6.4       0.50       226,250       6.4       0.50  
0.60 - 0.69     402,500       3.9       0.60       402,500       3.9       0.60  
1.00 - 1.25     345,000       2.5       1.00       345,000       2.5       1.00  
$0.30 - $1.25     5,460,250       8.2     $ 0.43       2,660,272       6.8     $ 0.48