Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)

v3.19.2
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)
6 Months Ended
Jun. 30, 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  
  Granted       718,750       0.20       5.00  
  Cancelled       —         —         —    
  Exercised       —         —         —    
  Forfeited       (208,333 )     4.80       —    
  Balance at June 30, 2019       1,154,500     $ 0.25       3.43  
                             
  Warrants exercisable at June 30, 2019       1,154,500     $ 0.25       3.43  
                             
  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     4,725,000       0.21       8.53  
Balance at June 30, 2019     5,684,375       0.24       8.05  
Options exercisable at June 30, 2019     3,899,225     $ 0.29       7.44  
Fair value assumptions
Risk-free interest rate   2.43 – 2.95%
Expected volatility   293 – 296%
Expected term (in years)     10  
Expected dividend yield     0 %