Warrants |
12. |
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 150,000 have vested as of the date of this filing. These warrants were issued as compensation for a four-year advisory agreement. Should the advisor complete the entire term of the engagement the remaining warrants will vest as follows; 150,000 warrants on July 24, 2019, another 150,000 on July 24, 2020, and the remaining 50,000 on July 24, 2021. |
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The aggregate intrinsic value of the warrants as of December 31, 2018 is $3,720. |
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Outstanding
at |
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Outstanding |
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Exercise Price |
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June
30,
2018
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Issued in
2019
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Expired |
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December
31,
2018
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$ |
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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500,000 |
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(400,000 |
) |
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- |
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100,000 |
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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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1,405,000 |
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(400,000 |
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- |
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1,005,000 |
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