Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Stock Option Activity

Stock option activity for the year ended December 31, 2016 is as follows:

 

    Number of
Shares		     Weighted
Average Exercise
Price per Share		     Aggregate
Intrinsic
Value		  

Outstanding at January 1, 2016

     —          n/a        n/a   

Granted to Directors and Officers in 2016

     650,000      $ 0.24     

Exercised

     —          —       

Forfeitures

     —          —       
 

 

 

    

 

 

    

Outstanding at December 31, 2016

     650,000      $ 0.24      $ 97,500   
 

 

 

    

 

 

    

 

 

  
Summary of Warrant Exercises

Details of the warrant exercises during 2016 can be found in the chart below:

 

Warrant Holder

    # of Warrants      Exercise Price      Total Proceeds  

Mayne

      10,250,569       $ 0.0878       $ 900,000   

Mayne

      33,333,333       $ 0.075         2,500,001   

Mayne

      4,860,000       $ 0.12         583,200   
  

 

 

        

 

 

  

Total Mayne exercises

      48,443,902            3,983,201   

May 2016 Financing Finders

      150,000       $ 0.12         18,000   

May 2016 Financing Investors

      4,500,000       $ 0.12         540,000   
  

 

 

        

 

 

  

Total common stock warrant exercises for the twelve months ended December 31, 2016

      53,093,902          $ 4,541,201