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8. STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2016
Options [Member]  
Summary of stock options outstanding

 

              September 30, 2016 (Unaudited)               Deecmber 31, 2015  
     Number of Options      Weighted Average Exercise Price      Number of Options      Weighted Average Exercise Price  
Outstanding, beginning of period     100,000     $ 0.96       60,000     $ 1.42  
Granted     100,000       0.55       40,000       0.27  
Exercised     -       -       -       -  
Outstanding, end of period     200,000     $ 0.76       100,000     $ 0.96  

 

Options outstanding and exercisable by price range

 

  Outstanding Options    

Average

Weighted

    Exercisable Options  
  Range     Number    

Remaining

Contractual

Life in Years

    Number    

Weighted

Average

Exercise Price

 
                             
  $ 2.10       40,000       3.26       40,000     $ 2.10  
  $ 0.05       20,000       4.27       20,000     $ 0.05  
  $ 0.27       40,000       8.27       40,000     $ 0.27  
  $ 0.55       100,000       9.35       100,000     $ 0.55  
            200,000       7.41       200,000     $ 0.76  

 

Warrant [Member]  
Summary of stock warrants outstanding

 

              September 30, 2016 (Unaudited)        December 31, 2015         
     Number of Warrants      Weighted Average Exercise Price      Number of Warrants      Weighted Average Exercise Price  
Outstanding, beginning of period     35,676,413     $ 0.30       28,051,408     $ 0.23  
Granted     1,150,000       0.45       7,625,005       0.58  
Outstanding, end of period     36,826,413     $ 0.31       35,676,413     $ 0.30  

 

Warrants outstanding and exercisable by price range

  Outstanding Warrants      Average Weighted     Exercisable Warrants  
  Range     Number    

Remaining

Contractual

Life in Years

    Number    

Weighted

Average

Exercise Price

 
  $ 0.01       1,575,000       0.78       1,575,000     $ 0.01  
  $ 0.05       975,000       0.87       975,000     $ 0.05  
  $ 0.15       7,750,000       1.05       7,750,000     $ 0.15  
  $ 0.26       100,000       1.74       100,000     $ 0.26  
  $ 0.29       10,125,613       4.06       10,125,613     $ 0.29  
  $ 0.30       11,925,800       2.00       11,825,800     $ 0.30  
  $ 0.32       250,000       5.00       250,000     $ 0.32  
  $ 0.33       75,000       2.00       75,000     $ 0.33  
  $ 0.42       250,000       4.75       250,000     $ 0.42  
  $ 0.50       625,000       4.18       425,000     $ 0.50  
  $ 0.55       100,000       4.33       100,000     $ 0.55  
  $ 0.62       75,000       1.80       75,000     $ 0.62  
  $ 1.00       3,000,000       3.59       3,000,000     $ 1.00  
            36,826,413       2.18       36,526,413     $ 0.31  

 

Unvested warrants outstanding

   Unvested Warrants        
 

Weighted

Average

Exercise Price

    Number    

Average

Weighted

Remaining

Contractual

Life in Years

 
  $ 0.30       100,000       5.00  
  $ 0.50       200,000       5.00  
  $ 0.43       300,000       5.00