Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.8.0.1
STOCK BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2018
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 March 31, 2018 and changes during the period then ended:

                   
    Options     Weighted Average
Exercise Price 		    Aggregate
Intrinsic Value * 		 
Outstanding at December 1, 2017     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  
Granted     —       —       —  
Exercised     —       —       —  
Expired/Forfeited     —       —       —  
Outstanding at March 31, 2018     10,000,000     $ 0.005     $ 795,000  
Exercisable at March 31, 2018     10,000,000     $ —     $ —  
Expected to be vested     10,000,000     $ 0.005     $ —  

 

   * Based on the Company’s stock price on March 31, 2018 and December 31, 2017, respectively.