Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the six months ended June 30, 2017:

 

      Number of options     Weighted-average exercise price     Weighted-average contractual term  
Outstanding at December 31, 2016       709,025     $ 129.43       8.93  
Granted       -       -          
Expired       -       -          
Forfeit       (127,858 )     -          
Exercised       -       -          
Outstanding at June 30, 2017       581,167     $ 137.37       8.43  
Exercisable at June 30, 2017       477,167     $ 147.56          

Schedule of Warrant Issued Activity

The following summarizes the information related to warrants issued and the activity during the six months ended June 30, 2017:

 

    Number of warrants     Weighted average exercise price  
Balance at December 31, 2016     1,407,647     $ 11.70  
Warrants issued during the period     30,784,193     $ 0.39  
Warrants exchanged for other securities     (96,185 )   $ 12.46  
Warrants exercised during the period     -     $ -  
Warrants expired during the period     -     $ -  
Balance at June 30, 2017     32,095,655     $ 0.85  

Schedule of Anti-Dulutive

As of June 30, 2017 and 2016, the following potential common stock equivalents were excluded from the calculation of diluted loss per share as their effect was anti-dilutive:

  

    As of June 30,  
    2017     2016  
Warrants     32,095,655       227,819  
Convertible preferred stock     153,845       398,268  
Convertible debt     11,748,613       230,521  
Stock options     581,167       574,789  
      44,579,280       1,431,397