v3.4.0.3
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders Equity Tables  
Schedule of Fair Value Assumptions

The following assumptions were used in calculations of the Black-Scholes model for the year ended December 31, 2015 and 2014:

 

    For the Year Ended
December 31, 2015
    For the Year Ended
December 31, 2014
 
Annual dividend yield     -%       -%  
Expected life (years)     1.00       -  
Risk-free interest rate     0.65%       -%  
Expected volatility     334%       -%  

Summary of Warrant Activity

The following table summarizes all warrant activity for the year ended December 31, 2015 and 2014:

 

    Number of Warrants     Weighted Average Exercise Price  
Balance outstanding at December 31, 2013     22,561,948     $ 0.33  
Granted            
Exercised              
Expired     (7,973,332 )      
Balance outstanding at December 31, 2014     14,588,616     $ 0.35  
                 
Exercisable, December 31, 2014     14,588,616     $ 0.35  
                 
Balance outstanding, December 31, 2014     14,588,616     $ 0.35  
Granted            
Exercised            
Expired     (744,000 )     0.40  
Balance outstanding at December 31, 2015     13,844,616     $ 0.35  
                 
Exercisable, December 31, 2015     13,844,616     $ 0.35  

Schedule of Outstanding and Exercisable of Warrants

The following table discloses information regarding outstanding and exercisable options and warrants at December 31, 2014:

 

    Outstanding     Exercisable  
                Remaining Weighted              
    Number of     Weighted Average     Average Contractual     Number of     Weighted Average  
Range of Exercise Prices   Option Shares     Exercise Price     Term (Years)     Option Shares     Exercise Price  
                               
$0.20 - $0.29     2,000,000     $ 0.20       0.92       2,000,000     $ 0.20  
$0.30 - $0.39     11,774,616     $ 0.37       0.72       11,774,616     $ 0.37  
$0.40 - $0.49     70,000     $ 0.40       1.00       70,000     $ 0.40  
      13,844,616     $ 0.35       0.75       13,844,616     $ 0.35