Warrants |
12. |
Warrants |
|
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. |
|
|
|
|
|
|
|
The
aggregate intrinsic value of the warrants as of March 31, 2019 is $332,250. |
|
|
|
Outstanding at |
|
|
|
|
|
|
|
|
Outstanding |
|
Exercise Price |
|
|
June 30, 2018 |
|
|
Exercised
in 2019 |
|
|
Expired |
|
|
March 31, 2019 |
|
$ |
0.15 |
|
|
|
500,000 |
|
|
|
- |
|
|
|
- |
|
|
|
500,000 |
|
$ |
0.20 |
|
|
|
105,000 |
|
|
|
- |
|
|
|
- |
|
|
|
105,000 |
|
$ |
0.30 |
|
|
|
500,000 |
|
|
|
(400,000 |
) |
|
|
- |
|
|
|
100,000 |
|
$ |
0.75 |
|
|
|
300,000 |
|
|
|
- |
|
|
|
- |
|
|
|
300,000 |
|
|
|
|
|
|
1,405,000 |
|
|
|
(400,000 |
) |
|
|
- |
|
|
|
1,005,000 |
|
|