Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

9 Months Ended

Sep. 30, 2018

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2018:

	Number of options		Weighted- average exercise price		Weighted- average contractual term (Yrs.)
Outstanding at December 31, 2017		77	$	1,036,374		8
Granted		-		-
Expired		-		-
Forfeit		-		-
Exercised		-		-
Outstanding at September 30, 2018		77	$	1,036,374		8
Exercisable at September 30, 2018		66	$	1,186,581

Schedule of Warrants Activity

The following summarizes the information related to warrants issued and the activity during the nine months ended September 30, 2018:

	Number of warrants			Weighted average exercise price
Balance at December 31, 2017		38,961,036		$	2.48
Warrants issued during the period		-		$	-
Increases due to dilution		433,154,987		$	0.67
Warrants exercised during the period		(5,906,177	)	$	0.17
Warrants expired during the period		(2,760,079	)	$	-
Balance at September 30, 2018		463,449,767		$	0.21

Schedule of Dilutive Effect of Common Shares

The following table presents the dilutive effect of our various potential common shares as of September 30, 2018:

	September 30, 2018
Common shares outstanding		7,365,881
Dilutive potential shares:
Stock options		77
Warrants		463,449,767
Convertible debt		214,222,493
Convertible preferred stock		68,344,495
Total dilutive potential common shares, including outstanding common stock		753,382,713

- 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.

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