Quarterly report pursuant to Section 13 or 15(d)

Options Issued to Purchase Common Stock

Options Issued to Purchase Common Stock
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
Options Issued to Purchase Common Stock
Note 8 – Options Issued to Purchase Common Stock
On March 21, 2017, the Company and Mr. Michael Kraft entered into a Consulting Agreement, pursuant to which the Company granted Mr. Kraft an option to purchase from the Company $50,000 of stock at the market price on the date of the execution of the Reverse Split, which became effective on June 28, 2017. Accordingly, the $50,000 value of options calculates to 208,160 shares based upon the $0.24 closing price on June 28, 2017.  
The $50,000 estimated fair value of options to purchase common stock issued in 2017 was determined using the Black-Scholes option pricing model. The expected dividend yield of $0 is based on the average annual dividend yield at the date issued. Expected volatility of 260.52% is based on the historical volatility of the stock. The risk-free interest rate of 1.84% is based on the U.S. Treasury Constant Maturity rates as of the issue date. The expected life of the warrants of ten years is based on historical exercise behavior and expected future experience.