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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

Stockholders Equity Note [Abstract]

Summary of Stock Option Activity

The following is a summary of stock option activity under the Plan for the three months ended March 31, 2019:  

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2018			—
Granted			1,250,000				0.28
Exercised			—
Cancelled/Forfeited			(83,333	)			0.28
Outstanding at March 31, 2019			1,166,667			$	0.28			9.08		$	—
Exercisable at March 31, 2019			112,498			$	0.28			8.43		$	—

Summary of Weighted Average Assumptions Used to Compute Fair Value

The following weighted average assumptions were used to compute the fair value of stock options granted during the three months ended March 31, 2019:

		Three months ended March 31,
		2019
Dividend yield		N/A
Expected volatility			147.6	%
Weighted average risk-free interest rate			2.6	%
Weighted average expected life (in years)			5.5
Weighted average grant date fair value		$	0.259

Summary of Warrant Activity

The following is a summary of warrant activity for the three months ended March 31, 2019:

		Warrants				Exercise Price per Share		Weighted Average Exercise Price				Weighted Average Remaining Life (Years)
Outstanding at December 31, 2018			65,685,269			$0.01 - $10.00		$	0.22				5.75
Exercised			(4,119,500	)					0.01
Expired			—						—
Outstanding at March 31, 2019			61,565,769			$0.01 - $10.00		$	0.23				5.49

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

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Tabular disclosure of the change in stock options.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
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-Topic 505
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-Paragraph 1
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