|
NOTE 9 – STOCK WARRANTS
A summary of the status of the Company’s outstanding
stock warrants and changes during the periods is presented below:
| |
|
Shares available to purchase with warrants |
|
Weighted
Average
Price |
|
Weighted
Average
Fair Value |
| |
|
|
|
|
|
|
| Outstanding, December 31, 2016 |
|
|
1,700,000 |
|
|
$ |
6.90 |
|
|
$ |
0.186 |
|
| Issued |
|
|
2,000,000 |
|
|
$ |
1.05 |
|
|
$ |
5 |
|
| Exercised |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Cancelled |
|
|
(1,166,667 |
) |
|
$ |
6.90 |
|
|
$ |
— |
|
| Expired |
|
|
(533,333 |
) |
|
$ |
6.90 |
|
|
$ |
— |
|
| Outstanding, December 31, 2017 |
|
|
2,000,000 |
|
|
$ |
1.05 |
|
|
$ |
5 |
|
| Issued |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Exercised |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Cancelled |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Expired |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
| Outstanding, March 31, 2018 |
|
|
2,000,000 |
|
|
$ |
1.05 |
|
|
$ |
5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, March 31, 2018 |
|
|
— |
|
|
$ |
— |
|
|
$ |
— |
|
|