Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

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Stock Options (Tables)
9 Months Ended
Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity

Stock option activity is presented in the table below:

 

      Number of
Shares
    Weighted
average
Exercise Price
    Weight average
Contractual
Term
(years)
    Aggregate
Intrinsic Value
 
                           
Outstanding at December 31, 2013       10,110,640     $ 0.08       2.75       -  
Granted       16,100,000       0.15       10.00       -  
Exercised       (448,993 )     (0.05 )     (3.00 )        
                                   
Outstanding at December 31, 2014       25,761,647       0.09       6.20       -  
Granted       250,000       .15       3.0       -  
Exercised       -       -       -       -  
                                   
Outstanding at September 30, 2015       26,011,647     $ 0.09       6.19       -  

Schedule of Stock Compensation Expense

The Company recognized stock compensation expense as follows:

 

Nine months ended
September 30, 2015
    Nine months ended
September 30, 2014
 
$ 246,399     $ 122,126  

Schedule of Stock Option Plan Activity

Stock option activity under the Incentive Stock Option Plan is presented in the table below:

 

      Number of Shares     Weighted average
Exercise Price
    Weight average
Contractual
Term (years)
 
                     
Outstanding at December 31, 2013       -     $ -       -  
Granted       700,000       0.15       3.00  
Outstanding at December 31, 2014       700,000     $ 0.15       3.00  
Forfeited       (106,250 )     -       -  
Outstanding at September 30, 2015       593,750     $ 0.15       2.14