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Options (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Estimate the Fair Value of Stock Options

The Company uses the Black-Scholes option pricing model to estimate the fair value of stock-based awards on the date of grant. The following table summarizes the assumptions used to estimate the fair value of stock options granted during the years ended December 31, 2018 and 2017:

		2018				2017
Expected dividend yield			0	%			0	%
Weighted-average expected volatility			192-265	%			200	%
Weighted-average risk-free interest rate			2.08-2.73	%			1.92	%
Expected life of warrants			4-5 years				4.74 -7.50 years

Schedule of Stock Option Activity

The following table represents stock option activity for the two years ended December 31, 2018:

		Number Outstanding				Weighted Average Exercise Price				Contractual Life in Years				Intrinsic Value
Options Outstanding as of December 31, 2016			1,044,500			$	0.92				3.38			$	-
Options Exercisable as of December 31, 2016			584,000			$	1.05				3.02
Options granted			263,846				0.64				9.05				-
Options forfeited			(35,000	)			1.02				8.25				-
Options expired			(75,000	)			1.13				4.54				-
Options Outstanding as of December 31, 2017			1,197,846			$	0.97				6.96			$	-
Options Exercisable as of December 31, 2017			781,300			$	1.02				6.30			$	-
Options granted			560,400				0.50				9.26
Options forfeited			(25,400	)			0.46				9.06
Options expired			-				-				-				-
Options Outstanding as of December 31, 2018			1,732,846			$	1.19				6.98			$	-
Options Exercisable as of December 31, 2018			1,107,259			$	0.96				5.91			$	-

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
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- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-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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