Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTION PLAN (Tables)

v3.10.0.1
STOCK OPTION PLAN (Tables)
9 Months Ended
Sep. 30, 2018
Stock Option Plan  
Fair value assumptions
    Nine Months Ended September 30,  
    2018     2017  
Risk-free interest rate     2.78 %     0 %
Expected volatility     343.72 %     0 %
Expected term (in years)     5       0  
Expected dividend yield     0 %     0 %
Stock-based compensation expense
    Three Months Ended September 30,     Nine Months Ended September 30,  
    2018     2017     2018     2017  
                         
Research and development   $ -     $ -     $ -     $ -  
General and administrative     99,835       -       99,835       -  
Total stock-based compensation   $ 99,835     $ -     $ 99,835     $ -  
Stock option activity
                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
          Exercise     Term     Intrinsic  
    Shares     Price     (Years)     Value  
Outstanding at December 31, 2017     -     $ -       -       -  
Granted     1,675,000       0.089       -       -  
Forfeited/Cancelled     -       -       -       -  
Outstanding at September 30, 2018     1,675,000     $ 0.089       4.93     $ -  
Vested at September 30, 2018     1,121,875     $ 0.089       4.93     $ -  
Exercisable at September 30, 2018     1,121,875     $ 0.089       4.93     $ -  
Shares reserved for future issuance
    Shares Reserved  
Stock options outstanding     1,675,000  
Available for future grants under the 2018 Plan     7,825,000  
Warrants outstanding     1,666,667  
Total shares reserved     11,166,667