Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.19.2
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Stockholders Deficit Tables Abstract  
Summarizes the Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2018 and 2017:

  

 

    Shares    

Weighted-Average

Exercise Price

   

Weighted Average

Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
Outstanding at January 1, 2017     1,000,000,000     $ 0.005       8.76   $ 15,400,000  
Granted     -                        
Forfeitures or expirations     -                        
Outstanding at December 31, 2017     1,000,000,000     $ 0.005       7.76   $   15,400,000  
Granted     -                          
Forfeitures or expirations     -                          
Outstanding at December 31, 2018     1,000,000,000     $ 0.005       6.76       15,400,000  
Exercisable at December 31, 2018     1,000,000,000     $ 0.005       6.76     $ 15,400,000  
Schedule of Options by Excerise Price Range

 

The following table presents information related to stock options at December 31, 2018(1):

 

Options Outstanding     Options Exercisable  

      Exercise

     Price

   

Number of

Options

   

Weighted Average

Remaining Life

In Years

   

Exercisable

Number of

Options

 
$ 0.0005       1,000,000,000     6.76       1,000,000,000  
                           

 

(1) On February 27, 2019 Charles Larsen and Donald Steinberg cancelled an aggregate of 1,000,000,000 options (See Subsequent Events, Note 15).

Summarizes the Stock Warrant Activity

The following table summarizes the stock warrant activity for the two years ended December 31, 2018:

 

    Shares    

Weighted-Average

Exercise Price

   

Weighted Average

Remaining

Contractual Term

   

Aggregate

Intrinsic Value

 
Outstanding at January 1, 2017     -     $ -           $ -  
Granted     109,653,846       0.039       5.00     -  
Forfeitures or expirations     (10,000,000 )                      
Outstanding at December 31, 2017     -                          
Granted     50,846,817       0.037       4.67       52,000  
Exercised     (39,633,846 )     0.040       4.26          
Forfeitures or expirations     -       -                  
Outstanding at December 31, 2018     110,846,817     $ 0.039       4.18     $ 52,000  
Exercisable at December 31, 2018     110,846,817     $ 0.039       4.18     $ 52,000  
Schedule of Warrants by Excerise Price Range

The following table presents information related to warrants at December 31, 2017:

 

Warrants Outstanding     Warrants Exercisable  

      Exercise

     Price

   

Number of

Warrants

   

Weighted Average

Remaining Life

In Years

   

Exercisable

Number of

Warrants

 
$ 0.04       99,653,846     4.18       99,953,846