Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.7.0.1
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2016
Stockholders' Deficit [Abstract]  
Schedule of stock option plan

    Shares     Weighted-
Average Exercise
Price
 
Outstanding as of January 1, 2015     1,937,979     $ 0.08  
Granted     4,639,234     $ 0.57  
Exercised     (33,333 )   $ 0.08  
Forfeited or cancelled     (1,917,635 )   $ 0.52  
Outstanding as of December 31, 2015     4,626,245     $ 0.39  
Options exercisable as of December 31, 2015     2,916,801     $ 0.31  
Granted     125,000     $ 0.57  
Exercised     -     $ -  
Forfeited or cancelled     (3,261,245 )   $ 0.36  
Outstanding as of December 31, 2016     1,490,000     $ 0.48  
Options exercisable as of December 31, 2016     1,279,583     $ 0.22  
Schedule of options outstanding and exercisable
      Options Outstanding     Options Exercisable  
Exercise
Price
    Number
Outstanding
    Average Remaining
Contractual
Life (Years)
    Weighted-Average
Exercise
Price
    Number
Outstanding
    Weighted-Average
Exercise
Price
 
$ 0.08       900,000       7.5     $ 0.08       900,000     $ 0.08  
$ 0.55       515,000       8.2     $ 0.55       323,333     $ 0.55  
$ 0.57       75,000       8.1     $ 0.57       56,250     $ 0.57  
          1,490,000       7.9     $ 0.27       1,279,583     $ 0.22  
Summary of assumptions used in estimated grant date fair value calculations for options granted to employees and consultants

    Years Ended  
    December 31,  
    2016     2015  
Dividend yield     0.0 %     0.0 %
Volatility     50% - 252  %     52.5 %
Average risk-free rate     1.04% - 2.50 %     1.65% - 1.91 %
Expected term, in years     2.27 - 10.00       5.00 - 5.77