Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.19.3.a.u2
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     0(1)     $ -       -       -
Exercisable at December 31, 2018     0(1)     $ -       -     $ -

 

(1) On February 27, 2019, Donald Steinberg and Charles Larsen cancelled previously issued options to purchase an aggregate of 1,000,000,000 shares at an average exercise price of $0.0005 per share, representing 100% of all previously issued option. (See Subsequent Events, Note 15).

 

Schedule of Options by Excerise Price Range

 

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

 

Options Outstanding(1)     Options Exercisable  

      Exercise

     Price

   

Number of

Options

   

Weighted Average

Remaining Life

In Years

   

Exercisable

Number of

Options

 
$ -       -     -       -  
                           

 

The stock-based compensation expense related to option grants was $450,000 and $600,000 during the year ended December 31, 2018 and 2017, respectively.

 

(1) On February 27, 2019, Donald Steinberg and Charles Larsen cancelled previously issued options to purchase an aggregate of 1,000,000,000 shares at an average exercise price of $0.0005 per share, representing 100% of all previously issued option. (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