Annual report pursuant to Section 13 and 15(d)

STOCK BASED COMPENSATION (Tables)

v3.7.0.1
STOCK BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016 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  
Exercisable at December 31, 2016     7,916,665     $ -     $ -  
Expected to be vested     10,000,000     $ 0.005     $ -  

 

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