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3. WARRANT ACTIVITY

9 Months Ended

Sep. 30, 2022

3. WARRANT ACTIVITY

The following table summarizes our warrant activity for the nine months ended September 30, 2022:

Schedule of Warrant Activity

	Warrants	Weighted average exercise price	Weighted average remaining contractual life (yrs)	Aggregate intrinsic value
Warrants outstanding December 31, 2021	`290,000`	`$0.004`	`1.41`	`$187,350`

Warrants exercised during the period	`290,000`	`$0.004`	`-`	`-`

Warrants outstanding September 30, 2022	`-`	`$-`		`$-`

During the nine months ended September 30, 2022, no warrants were issued.

During the nine months ended September 30, 2022, 250,000 warrants with an exercise price of $.003 per share, and 40,000 warrants with an exercise price of $.01 per share, were exercised for 290,000 restricted shares of common stock, par value $0.00001 per share. Proceeds from exercise of the warrants were $1,150. The common shares were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, without payment of any form of commissions or other remuneration.