General form of registration statement for all companies including face-amount certificate companies

Stockholders' Deficit and Redeemable Convertible Series B and Series C Preferred Stock (Tables)

v3.8.0.1
Stockholders' Deficit and Redeemable Convertible Series B and Series C Preferred Stock (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Equity [Abstract]    
Schedule of warrants vested and outstanding

Amount

Exercise

Term

Issued and

Source

Price

(Years)

Outstanding

Pre 2015 Common Stock Warrants

$

1.00

6-10

4,000,000

2015 Common Stock Warrants

$

1.15-$5.00

5-10

442,000

2015 Series B Financing (see Note 6)

Common Stock Warrants to Series B Stockholders

$

0.25

5

6,250,000

Placement Agent Warrants

$

0.25

5

187,500

2016 Common Stock Warrants to Service Providers

$

1.15

10

40,000

2016 Series C Placement Agent Warrants

$

0.40

5

125,000

2017 Series D Placement Agent Warrants

$

0.25

5

480,000

2017 Common Stock Warrants to Service Providers

$

0.41

5

125,000

Total warrants vested and outstanding as of September 30, 2017

11,649,500
 
Schedule of summary of stock option activity

Options Outstanding

Weighted

for Grant of

Average

Options &

Number of

Price per

Exercise

Shares

Shares

Share

Price

Balance at December 31, 2016

857,500

1,142,500

$

0.42-3.00

$

0.61

Options granted

-

-

$

-

$

-

Options exercised

-

-

$

-

$

-

Options cancelled

12,500

(12,500

)

$

1.15

$

1.15

Balance at September 30, 2017

870,000

1,130,000

$

0.42-3.00

$

0.60

Vested and Exercisable at September 30, 2017

452,000

$

0.42-3.00

$

0.60

 

 

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

Shares Available

 

 

 

 

 

 

Average

 

 

 

for Grant of

 

 

Number of

 

 

Price per

 

 

Exercise

 

 

 

Options & Shares

 

 

Shares

 

 

Share

 

 

Price

 

Balance at December 31, 2015

 

 

 820,000

 

 

 

 1,180,000

 

 

 $

0.42-3.00

 

 

 $ 0.63

 

Options granted

 

 

 -

 

 

 

 -

 

 

 $ -

 

 

 $ -

 

Options exercised

 

 

 -

 

 

 

 -

 

 

 $ -

 

 

 $ -

 

Options cancelled

 

 

 37,500

 

 

 

 (37,500 )

 

 $ 1.15

 

 

 $ 1.15

 

Balance at December 31, 2016

 

 

 857,500

 

 

 

 1,142,500

 

 

 $

0.42-3.00

 

 

 $ 0.61

 

Vested and Exercisable at December 31, 2016

 

 

 

 

 

 

 448,500

 

 

 $

0.42-3.00

 

 

 $ 0.53

 
Schedule of weighted average assumptions for employee options  

 

 

Years Ended December 31,

 

 

 

2016

 

2015

 

 

 

 

 

 

 

Dividend yield

 

NA

 

 

 0.00 %

Volatility factor

 

NA

 

 

 75.00 %

Risk-free interest rate

 

NA

 

1.65-1.85

 

Expected term (years)

 

NA

 

6.25-6.50

 

Weighted-average fair value of options granted during the periods

 

NA

 

 $ 2.69