Quarterly report pursuant to Section 13 or 15(d)

Restricted Common Shares and Warrants (Tables)

v3.5.0.2
Restricted Common Shares and Warrants (Tables)
9 Months Ended
Sep. 30, 2016
Restricted Common Shares Options And Warrants [Abstract]  
Schedule 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, 2014     -       -                  
Granted     1,760,000     $ 0.17                  
Exercised     -       -                  
Superseded by May 28 Stock Warrants     1,760,000       -                  
Outstanding at December 31, 2015           $           N/A      $              -  
                                 
Granted     -       -                  
Exercised     -       -                  
Forfeited or expired     -       -                  
Outstanding at September 30, 2016     -     $ -       0.33     $ -  
Vested at September 30, 2016     -     $ -       0.33     $ -  
 
Schedule of stock warrant issued

 

Date Issued   Exercise Price     Number of Shares     Weighted Average Remaining Contractual Life   Expiration date
                     
May 28, 2015 (Issued in lieu of restricted common stock)   $ 0.011       2,720,000     3.66 years   May 27, 2020
May 28, 2015 (Issued in lieu of restricted common stock)   $ 0.011       25,000     3.66 years   May 27, 2020
June 16, 2015 (Issued in lieu of restricted common stock)   $ 0.011       2,000,000     3.71 years   June 15, 2020
July 8, 2015 (Issued in lieu of restricted common stock)   $ 0.011       25,000     3.77 years   July 7, 2020
July 8, 2015 (Issued in lieu of restricted common stock)   $ 0.011       25,000     3.77 years   July 7, 2020
August 24, 2015 (Issued in lieu of restricted common stock)   $ 0.011       10,000     3.90 years   August 23, 2020
February 1, 2016   $ 0.003       1,750,000     4.34 years   January 31,2021
February 29, 2016   $ 0.004       50,000     4.42 years   February 28, 2021
July 15, 2016   $ 0.03       1,500,000     4.79 years   July 14, 2021
                         
Total warrants at September 30, 2016             8,105,000