Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.8.0.1
Equity (Tables)
9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Transactions

The following table illustrates the common stock transactions for the nine months ended September 30, 2017:

 

    Preferred     Common  
Category     Shares       Shares  
Cash             8,461,538  
Share Exchange Agreement     1,000       16,690,912  
Debt Exchange Agreement     0       1,600,000  
Services     0       3,025,000  
Total     1,000       29,777,450  

Schedule of Estimates and Assumptions in Black Scholes Model

The following table includes the estimates and assumptions used in the Black Scholes model:

 

Stock price   $ 0.96  
Exercise price   $ 0.50  
Expected term     3 years  
Expected volatility     72.0 %
Annual risk-free rate     1.55 %
Dividend yield     0.00 %

Summary of Outstanding Warrants Activity

The following table is a summary of outstanding warrants to purchase shares of common stock at September 30, 2017 and activity during the nine months then ended:

 

                Weighted  
    Number of     Exercise     Average  
    Shares     Price     Price  
Issued during quarter ended September 30, 2017     6,038,463     $ 0.50     $ 0.50  
Expired and forfeited     -       -       -  
Exercised     -       -       -  
Warrants as of September 30, 2017     6,038,463     $ 0.50     $ 0.50