Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.8.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
Stock-based Compensation Tables  
Equity Incentive Plan
   

Awards

Reserved for Issuance

   

Awards

Issued

   

Awards

Available for

Grant

 
                   
2016 Equity Incentive Plan     30,000,000       6,700,000       23,300,000  
summarize stock option activity related information
   

Number of

Shares

    Weighted-Average Exercise Price Per Share     Weighted-Average Remaining Contractual Life  

Aggregate

Intrinsic Value of In-the-Money Options

 
                       
Options Outstanding as of January 1, 2016     –     $ –            
                           
Options Granted     6,700,000     $ 0.09            
Options Exercised     –     $ –            
Options Forfeited     –     $ –            
Options Expired     –     $ –            
                           
Options Outstanding as of December 31, 2016     6,700,000     $ 0.09     9.0 years   $ 1,524,250  
                             
Options Exercisable as of December 31, 2016     2,233,332     $ 0.09     9.0 years   $ 508,083  
Weighted-average share based compensation
Volatility     121.62 %
Risk-Free Interest Rate     2.50 %
Dividend Yield     0.00 %
Stock-based compensation expense
    Year Ended December 31, 2016  
Type of Award   Number of Shares or Options Granted     Stock-Based Compensation Expense  
             
Stock Options     6,700,000     $ 190,355  
                 
Stock Grants:                
Employees     6,451,702       2,451,220  
Directors     1,070,721       334,424  
Non-Employee Consultants     6,344,563       2,406,061  
Total Stock-Based Compensation Expense           $ 5,382,060