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NOTE J - SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
Notes  
NOTE J - SUBSEQUENT EVENTS

NOTE J – SUBSEQUENT EVENTS

 

In January 2019, for value received, the Company granted 440,000 warrants for the purchase of shares of its common stock with an expiration date in January 2024, of which 140,000 had a exercise price of $.01 per share and 300,000 had an exercise price of $.003 per share.  In March 2019, 400,000 of these warrants were exercised for which the Company received proceeds of $1,900.

 

In February 2019, the Company granted 480,000 employee stock options for the purchase of shares of its common stock to three employees with an exercise price of $.003 per share. These stock options are exercisable immediately and expire in February 2020.

 

In February 2019, the Company used cash on hand of $26,964 to repay in full the secured convertible promissory note from a shareholder secured by certain equipment of the Company.

 

In February 2019, the Company executed an asset purchase agreement with Paycom Payroll, LLC, a Delaware corporation, covering the Company’s sale of a block of excess IPv4 numbers for $81,920.  The Company closed on the sale on March 14, 2019, at which time the Company received $78,643 in cash after the deduction of $3,277 in selling costs.