Quarterly report pursuant to Section 13 or 15(d)

Warrant and Stock Options

v3.7.0.1
Warrant and Stock Options
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Warrants and Stock Options

NOTE 7 – WARRANTS AND STOCK OPTIONS

 

During the six months ended June 30, 2017, the Company issued 40,000 warrants and recorded an expense of $5,154 representing the estimated fair value on the grant date, calculated using the Black-Scholes pricing model.

 

There were no stock options issued or exercised during the six months ended June 30, 2017. Stock options outstanding and exercisable as of June 30, 2017 were:

 

Exercise Price
per Share
    Shares Under
Option
    Remaining
Life in Years
 
  Outstanding and exercisable:          
$ 0.010       4,500,000       0.25  
$ 0.025       500,000       0.47  
$ 0.025       200,000       0.51  
$ 0.080       200,000       2.47  
$ 0.080       250,000       1.58  
$ 0.130       600,000       3.00  
$ 0.150       1,000,000       2.25  
$ 0.250       1,000,000       2.25  
$ 0.350       1,000,000       2.25  
          9,250,000