Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v3.8.0.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of options outstanding and changes during the period

The following represents a summary of the Options outstanding at December 31, 2017 and changes during the period then ended:

 

            Weighted Average     Aggregate  
    Options     Exercise Price     Intrinsic Value *  
Outstanding at December 1, 2016     10,000,000     $ 0.005     $ 1,100,000  
Granted                  
Exercised                  
Expired/Forfeited                  
Outstanding at December 31, 2016     10,000,000     $ 0.005     $ 1,100,000  
Granted                  
Exercised                  
Expired/Forfeited                  
Outstanding at December 31, 2017     10,000,000     $ 0.005     $ 1,200,000  
Exercisable at December 31, 2017     10,000,000     $     $  
Expected to be vested     10,000,000     $ 0.005     $  

 

* Based on the Company’s stock price on December 1, 2016, December 31, 2017 and 2016, respectively