Quarterly report pursuant to Section 13 or 15(d)

7. Stockholders' Equity (Tables)

v3.5.0.2
7. Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Option activity
    Number of options     Weighted
average
exercise
price		  
Balance at December 31, 2015     1,600,674     $ 7.73  
Options granted during the period     15,643,000     $ 5.16  
Options exercised during the period     –     $ –  
Options forfeited during the period     –     $ –  
Options expired during the period     –     $ –  
Options outstanding at June 30, 2016     17,243,674     $ 5.40  
Options exercisable at June 30, 2016     13,823,674     $ 6.48  
Assumptions used
Expected term   9.89   years
Expected volatility   168%  
Risk free interest rate   1.88%  
Dividend yield   0%  
Antidilutive Securities
    June 30,     June 30,  
    2016     2015  
                 
Stock options outstanding     17,243,674       9,771,908  
Warrants outstanding     6,834,569       –  
Convertible debt     6,915,626       409,638  
Convertible preferred stock     11,948,047       72,711  
                 
      42,941,916       10,254,256