Quarterly report pursuant to Section 13 or 15(d)

9. STOCK-BASED COMPENSATION (Tables)

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9. STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2018
Stock Option Activity
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Years)     Aggregate Intrinsic Value  
Outstanding - December 31, 2017     15,823,277     $ 0.46       8.54     $ 5,406,499  
Granted     6,669,000       0.40       –       –  
Exercised     –       –       –       –  
Cancelled/Forfeited     –       –       –       –  
Expired     (5,277 )     0.45       –       –  
Outstanding - March 31, 2018     22,487,000       0.45       8.33       2,573,402  
                                 
Total exercisable - March 31, 2018     15,187,459       0.49       7.79       1,645.367  
Total unvested - March 31, 2018     7,299,541       0.38       9.44       928,035  
Total vested or expected to vest - March 31, 2018     22,487,000       0.45       8.33       2,573,402  
Nonvested Stock Option Activity
    Number of
Shares		     Weighted
Average
Fair Value
Per Share on
Grant Date		  
Unvested stock options - December 31, 2017     3,738,615       0.36  
Granted     6,669,000       0.30  
Vested     (3,108,074 )     0.34  
Cancellations     –       –  
Unvested stock options - March 31, 2018     7,299,541       0.31  
Options Outside the Amended 2013 Plan [Member]  
Stock Option Activity
    Number of
Shares		     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Contract
Term
(Years)		     Aggregate
Intrinsic
Value		  
Outstanding - December 31, 2017     7,250,000     $ 0.37       8.78     $ 1,813,500  
Granted     –       –       –       –  
Exercised     –       –       –       –  
Forfeited     –       –       –       –  
Expired     –       –       –       –  
Outstanding - March 31, 2018     7,250,000       0.37       8.54       943,500  
                                 
Total exercisable - March 31, 2018     7,250,000       0.37       8.54       943,500  
Total unvested - March 31, 2018     –       –       –       –  
Total vested or expected to vest - March 31, 2018     7,250,000       0.37       8.54       943,500