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Stock Warrants (Tables) | 3 Months Ended
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Mar. 31, 2017
Stock Warrants |
Summary of Warrants Outstanding, Warrant Exercisability and Related Prices for Shares of Common Stock | The following table summarizes the warrants outstanding, warrant exercisability and the related prices for the shares of the Company’s common stock at March 31, 2017:
|  |  | Warrants Outstanding |  |  | Warrants Exercisable |
Exercise Prices ($) |  |  | Number Outstanding |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Weighted Average Exercise Price ($) |  |  | Number Exercisable |  |  | Weighted Average Exercise Price ($) |
| 5.00 |  |  |  | 1,000,000 |  |  |  | 1.72 |  |  |  | 5.00 |  |  |  | 1,000,000 |  |  |  | 5.00 |
Schedule of Stock Warrants Activity | The warrant activity for the three months ended March 31, 2017 is as follows:
|  | Warrants Outstanding |  |  | Weighted Average Exercise Price |
Outstanding at December 31, 2016 |  |  | 1,000,000 |  |  | $ | 5 |
Granted |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |
Expired or canceled |  |  | - |  |  |  | - |
Outstanding at March 31, 2017 |  |  | 1,000,000 |  |  | $ | 5 |

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- Definition 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://www.xbrl.org/2003/role/presentationRef -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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 + Details
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