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
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 September 30, 2019 is $128,294. |
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Outstanding at |
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Outstanding |
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Exercise Price |
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June 30, 2019 |
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Exercised in 2019 |
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Expired |
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September 30, 2019 |
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$ |
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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