Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY (Tables)

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STOCKHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of restricted stock granted

Included in common stock is restricted stock which vested on April 30, 2016:

 

      Restricted Stock Granted     Restricted Stock Vested  
Grant date Price     Number
Granted
    Weighted
Average
Fair Value per
Share
    Number
Vested
    Weighted
Average
Fair Value per
Share
 
$ 0.10       2,880,000     $ 0.10       2,880,000     $ 0.10  
$ 0.10       1,440,000     $ 0.10       1,440,000     $ 0.10  
          4,320,000     $ 0.10       4,320,000     $ 0.10  
Schedule of exercise price range of warrants

The warrants outstanding and exercisable at March 31, 2017 are as follows:

 

      Warrants Outstanding     Warrants Exercisable  
Exercise
Price
    Number
Outstanding
    Weighted
Average
Remaining
Contractual
life in years
    Weighted
Average
Exercise
Price
    Number
Exercisable
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
life in years
 
                                                     
$ 0.625       6,219,200       3.51     $ 0.625       6,219,200     $ 0.625       3.51