Warrants |
13. |
Warrants |
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The
following is a summary of the Company's outstanding common stock purchase warrants. Of the 500,000 warrants
shown below at an exercise price of $.15, only 300,000 have vested as of the date of this filing. These warrants
were issued as compensation for a four-year advisory agreement. 150,000 warrants vested on July 24, 2018, another
150,000 on July 24, 2019, another would vest 150,000 on July 24, 2020, and the remaining 50,000 on July 24, 2021, should advisor
complete the term of his engagement. |
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The aggregate intrinsic
value of the warrants as of March 31, 2020 is $28,025. |
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Outstanding at |
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Outstanding |
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Exercise Price |
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June 30, 2019 |
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Exercised in 2019 |
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Expired |
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March 31, 2020 |
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$ |
0.15 |
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500,000 |
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- |
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- |
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500,000 |
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$ |
0.20 |
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105,000 |
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- |
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- |
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105,000 |
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$ |
0.30 |
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100,000 |
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- |
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- |
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100,000 |
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$ |
0.40 |
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150,000 |
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150,000 |
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$ |
0.75 |
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300,000 |
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- |
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- |
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300,000 |
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1,155,000 |
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- |
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- |
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1,155,000 |
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