Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v3.19.1
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
3 Months Ended
Mar. 31, 2019
Stockholders Equity Deficit  
Warrant activity
    Number of Warrants    

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life

(Years)

 
Balance at December 31, 2018     644,083     $ 1.77       1.38  
Issued     718,750       0.20       5.00  
Cancelled                  
Exercised                  
Forfeited                  
Balance at March 31, 2019     1,362,833     $ 0.94       3.16  
                         
Warrants exercisable at March 31, 2019     1,362,833     $ 0.94       3.16  
                         
Weighted average fair value of warrants granted during the period           $ 1.55          
Stock option activity
    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life(Years)  
Balance at December 31, 2018     959,375       0.41       8.79  
Granted     4,475,000       0.19       10.00  
Balance at March 31, 2019     5,434,375       0.20       8.65  
Options exercisable at March 31, 2019     3,528,133     $ 0.27       8.10  
Fair value assumptions
Risk-free interest rate   2.61 – 2.74%
Expected volatility   293 – 296%
Expected term (in years)   10
Expected dividend yield   0%