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NOTE 15 - COMMON STOCK OPTIONS AND WARRANTS | 12 Months Ended
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Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
NOTE 15 - COMMON STOCK OPTIONS AND WARRANTS | NOTE 15 – COMMON STOCK OPTIONS AND WARRANTS Options 2018 During the second quarter of 2018, 2,242,000 incentive stock options were issued to staff and Directors under the 2016 Equity Compensation plan. The fair value of the incentive stock option grants for the year ended December 31, 2018 estimated using the following weighted- average assumptions:
|  | For the Years Ended December 31,
|  | 2018 |  | 2017
Risk free interest rate |  | 2.59% |  | —
Expected term in years |  | 2.5 – 2.76 |  | —
Dividend yield |  | — |  | —
Volatility of common stock |  | 197.13% - 207.27% |  | —
Estimated annual forfeitures |  | — |  | —
Warrants 2018 During the third quarter of 2018, a shareholder exercised 300,000 warrants in the amount of $195,000. During the fourth quarter of 2018, the Board approved the issuance of warrants to purchase 496,215 shares of the Company’s Common Stock to six shareholders. 2017 During the first quarter of 2017, 194,888 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement. During the same period, 375 warrants expired. During the second quarter of 2017, 59,548 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement. During the third quarter of 2017, 54,122 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement. During the fourth quarter of 2017, 14,464,000 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement, 8,452,180 warrants were issued for debt/services and 2,206,274 warrants were issued to the Placement Agent. During the same period, 433,069 warrants were cancelled.
|  | Number of Warrants |  |  | Weighted Avg. Exercise Price |  |  | Remaining Contractual Life (Years) |
Outstanding at December 31, 2016 |  |  | 218,764 |  |  | $ | 8.4 |  |  |  | 4.6 |
Warrants expired, forfeited or cancelled |  |  | (433,444 | ) |  |  | 233.45 |  |  |  |  |
Warrants issued with debt, debt modifications or services |  |  | 10,967,012 |  |  |  | .65 |  |  |  | 4.6 |
Warrants issued |  |  | 14,464,000 |  |  |  | — |  |  |  |  |
Outstanding at December 31, 2017 |  |  | 25,216,332 |  |  |  | .65 |  |  |  | 4.9 |
Warrants expired, forfeited, cancelled or exercised |  |  | (300,000 | ) |  |  |  |  |  |  | 3.9 |
Warrants issued |  |  | 496,215 |  |  |  | .65 |  |  |  | 4.9 |
Outstanding at December 31, 2018 |  |  | 25,412,547 |  |  |  | .68 |  |  |  | 3.9 |
Exercisable at end of period |  |  | 25,412,547 |  |  | $ | .66 |  |  |  | 3.9

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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