Quarterly report pursuant to Section 13 or 15(d)

7. Common Stock

7. Common Stock

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

During the nine months ended September 30, 2017, the Company issued a total of 34,303,879 shares of its common stock as follows:

181,355 shares of common stock were issued upon the private sale at a price of $0.21 per share with proceeds of $38,000;

29,876,772 shares were issued upon the conversion of $1,522,000 in convertible notes at conversion rates ranging from $0.05 and $0.48 per share; and

4,245,752 shares were issued upon the exercise of options and warrants to purchase common stock at exercise prices ranging from $0.05 to $0.13 per share, resulting in cash proceeds to the Company of $362,000.