Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficiency (Tables)

v3.8.0.1
Stockholders' Deficiency (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Summary of Black-Scholes Option Pricing Model to Stock Options Granted Assumption

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:

 

    For the Years Ended  
    December 31,  
    2017     2016  
Risk free interest rate     N/A       0.73% - 0.90 %
Expected term (years)     N/A       2.50  
Expected volatility     N/A       102% - 118 %
Expected dividends     N/A       0.00 %

Summary of Options Activity

A summary of the option activity during the year ended December 31, 2017 is presented below:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Shares     Price     In Years     Value  
Outstanding, December 31, 2016     149,233     $ 58.00                  
Granted     -       -                  
Exercised     -       -                  
Cancelled/forfeited/expired     (41,332 )     71.10                  
Outstanding, December 31, 2017     107,901     $ 42.31       1.9     $ -  
                                 
Exercisable, December 31,, 2017     107,901     $ 42.31       1.9     $ -  

Schedule of Stock Options

The following table presents information related to stock options at December 31, 2017:

 

    Options Outstanding     Options Exercisable  
    Weighted           Weighted        
Range of   Average     Outstanding     Average     Exercisable  
Exercise   Exercise     Number of     Remaining Life     Number of  
Price   Price     Options     In Years     Options  
                         
$5.25 - $20.00   $ 7.40       19,600       4.4       19,600  
$20.01 - $47.50     29.70       25,168       2.2       25,168  
$47.51 - $59.50     50.80       36,300       1.7       36,300  
$59.51 - $78.00     68.16       26,833       0.2       26,833  
              107,901       1.9       107,901  

Summary of Warrants Activity

The following table accounts for the Company’s warrant activity for the year ended December 31, 2017:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Shares     Price     In Years     Value  
Outstanding, December 31, 2016     4,035,115     $ 12.06                  
Issued     247,414       22.36                  
Exercised     (3,848,126 )     8.22                  
Cancelled/forfeited/expired     (159,071 )     62.24                  
Outstanding, December 31, 2017     275,332     $ 43.15       3.2     $ 59,565  
                                 
Exercisable, December 31, 2017     275,332     $ 43.15       3.2     $ 59,565  

Schedule of Stock Warrants

The following table presents information related to stock warrants at December 31, 2017:

 

    Warrants Outstanding     Warrants Exercisable  
    Weighted           Weighted        
Range of   Average     Outstanding     Average     Exercisable  
Exercise   Exercise     Number of     Remaining Life     Number of  
Price   Price     Warrants     In Years     Warrants  
                         
$0.15 - $0.70   $ 0.70       13,163       0.9       13,163  
$35.00 - $100.00     38.82       239,159       3.7       239,159  
$112.50 - $150.00     112.52       23,010       0.1       23,010  
              275,332       3.2       275,332