Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.3.1.900
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock Based Compensation [Abstract]  
Shedule of status of the Company's restricted common shares
    Shares     Weighted 
Average 
Exercise Price
    Weighted 
Average 
Remaining 
Contractual 
Life 
(in Years)
    Aggregate 
Intrinsic 
Value
 
Outstanding at December 31, 2013     -       -                  
Granted     1,760,000     $ 0.17                  
Exercised     -       -                  
Forfeited or expired     -       -                  
Outstanding at December 31, 2014     1,760,000     $ 0.17       N/A     $ 246,400  
Granted     -       -                  
Exercised     -       -                  
Superseded by May 28 Stock Warrants     1,760,000       -                  
Outstanding at December 31, 2015     -     $ -       N/A     $ -  
                                 
Vested at December 31, 2015     -     $ -       N/A     $ -  
Schedule of stock warrants issued in lieu of restricted common stock granted
Date Issued   Exercise Price     Number of Shares     Weighted Average Remaining Contractual Life     Expiration date
                   
May 28, 2015 (Issued in lieu of restricted common stock)   $ 0.11       2,720,000       4.66 years     May 27, 2020
May 28, 2015   $ 0.11       25,000       4.66 years     May 27, 2020
June 16, 2015   $ 0.11       2,000,000       4.72 years     June 15, 2020
July 8, 2015   $ 0.11       25,000       4.77 years     July 7, 2020
July 8, 2015   $ 0.11       25,000       4.77 years     July 7, 2020
August 24, 2015   $ 0.11       10,000       4.90 years     August 23, 2020
Total warrants at December 31, 2015             4,805,000