Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.7.0.1
STOCK BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2017
Successor [Member]  
Schedule of options outstanding and changes during the period

The following represents a summary of the Options outstanding at March 31, 2017 and changes during the period then ended:

 

          Weighted Average     Aggregate  
    Options    

Exercise

Price

    

Intrinsic

Value *

  
Outstanding at December 31, 2016     10,000,000     $ 0.005     $ 1,100,000  
Granted     -       -       -  
Exercised     -       -       -  
Expired/Forfeited     -       -       -  
Outstanding at March 31, 2017     10,000,000     $ 0.005     $ 1,200,000  
Exercisable at March 31, 2017     9,166,664     $ -     $ -  
Expected to be vested     10,000,000     $ 0.005     $ -  

 

* Based on the Company’s stock price on March 31, 2017 (Successor) and December 31, 2016 (Successor), respectively.