Annual report pursuant to Section 13 and 15(d)

Share Based Payments and Stock Options (Tables)

v3.8.0.1
Share Based Payments and Stock Options (Tables)
12 Months Ended
Dec. 31, 2017
Share Based Payments and Stock Options [Abstract]  
Schedule of stock options
      2017  
  Total Shares available for issuance pursuant to the 2014 Plan     2,500,000  
  Options outstanding, December 31 2017     (2,083,500 )
  Total options exercised under 2014 Plan     (50,000 )
  Total shares issued pursuant to the 2014 Plan     (331,500 )
  Awards available for issuance under the 2014 Plan, December 31, 2017     35,000  
Schedule of share-based payment expense and new shares issued
      2017     2016  
  Expected volatility     73.28% -96.92 %     141.26 %
  Expected dividends     None       None   
  Expected term     2.5 years        3 years   
  Risk-free rate     1.64%-1.70 %     2.0 %
Summary of option outstanding
  Options   Shares     Weighted-Average Exercise Price     Weighted- Average Remaining Contractual Term   Weighted-Average Grant Date Fair Value  
                         
  Outstanding at January 1, 2016     1,862,000     $ .60     3 years   $ .07  
  Granted     -       -              
  Exercised     -       -              
  Forfeited or expired     -       -              
  Outstanding at December 31, 2016     1,862,000       .60     2.26 years   $ .07  
  Vested and exercisable at December 31 2016     1,862,000     $ .60     2.26 years   $ .07  
                               
  Outstanding at January 1, 2017     1,862,000     $ .62              
  Granted     306,500     $ 1.85         $ .91  
  Exercised     (50,000 )   $ .60         $ .07  
  Forfeited or expired     (35,000 )   $ .60         $ .07  
  Outstanding at December 31, 2017     2,083,500     $ .78     1.74 years   $ .20  
  Vested and exercisable at December 31, 2017     1,926,832     $ .70     1.59 years