Annual report pursuant to Section 13 and 15(d)

STOCK WARRANTS

v3.21.1
STOCK WARRANTS
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
STOCK WARRANTS

NOTE 8 – STOCK WARRANTS

 

The Company has 2,000,000 warrants outstanding that expire June 1, 2023. A summary of the status of the Company’s outstanding stock warrants and changes during the years is presented below:

 

    Shares available to purchase with warrants   Weighted
Average
Price
  Weighted
Average
Fair Value
  Weighted
Average
Life
  Aggregate Intrinsic Value
                     
Outstanding, December 31, 2018     2,000,000     $ 1.05     $ 0.003       4.42          
Issued     —       $ —       $ —                    
Exercised     —       $ —       $ —                    
Cancelled     —       $ —       $ —                    
Expired     —       $ —       $ —                    
Outstanding, December 31, 2019     2,000,000     $ 1.05     $ 0.003       3.42          
Issued     —       $ —       $ —                    
Exercised     —       $ —       $ —                    
Cancelled     —       $ —       $ —                    
Expired     —       $ —       $ —                    
Outstanding, December 31, 2020     2,000,000     $ 1.05     $ 0.003       2.42       1,500,000  
Exercisable, December 31, 2020     2,000,000     $ 1.05     $ 0.003       2.42       1,500,000