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<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 1 - CONDENSED FINANCIAL STATEMENTS</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at September 30, 2018 and for all periods presented herein, have been made.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2017 audited financial statements. The results of operations for the periods ended September 30, 2018 and 2017 are not necessarily indicative of the operating results for the full years.</p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES</p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Use of Estimates</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Recent Accounting Pronouncements</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">New Revenue Recognition Standard</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">In May 2014, the FASB issued ASU 2014-09, which provides a single conprehensive accounting standard for revenue recognition for contracts with customers and supersedes current industry-specific guidance, including ASC 605-35. The new standard requires companies to recognize revenue when control of promised goods or services is transferred to customers at an amount that reflects the consideration to which the company expects to be entitled in exchange for the goods or services. The new model requires companies to identify contractural performance obligations and determine whether revenue should be recognized at a point in time or over time for each of these obligations. The new standard also significantly expands disclosure requirements regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">We adopted the new standard on January 1, 2018 (“Adoption Date”), using the modified retrospective method, which provides for a cumulative effect adjustment to beginning 2018 retained earnings for those uncompleted contracts impacted by the adoption of the new standard. The changes to the method and/or timing of our revenue recognition associated with our adoption of the new standard primarily relate to long-term engine development contracts. We will continue to recognize these contracts over time utilizing the cost to cost measure of progress under the new standard, consistent with our historical accouting treatment for these contracts. Due to the low level of backlog at December 31, 2017 for our contracts impacted by the new standard, no adjustment to beginning 2018 retained earnings resulted from the adoption of the new standard. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">See Note 5 for additional discussion of our revenue recognition accounting policies and expanded disclosures required by the new standard. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Basic and Diluted Loss per Share </span></p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 2,563,473 and 2,379,723 stock options that would have been included in the fully diluted earnings per share as of September 30, 2018 and December 31, 2017, respectively. However, the common stock equivalents were not included in the computation of the loss per share computation because they are anti dilutive. </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Income Taxes </span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The Company accounts for income taxes in accordance with Accounting Standards Codification Topic 740, Income Taxes ("Topic 740"), which requires the recognition of deferred tax liabilities and assets at currently enacted tax rates for the expected future tax consequences of events that have been included in the financial statements or tax returns. A valuation allowance is recognized to reduce the net deferred tax asset to an amount that is more likely than not to be realized. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company's financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of September 30, 2018 and December 31, 2017 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files an income tax return in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2012.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Liquidity and Going Concern </span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Historically, the Company has incurred net losses and negative cash flows from operations. As of September 30, 2018, the Company had an accumulated deficit of $20,105,039 and total stockholders’ equity of $239,955. At September 30, 2018, the Company had current assets of $1,507,583 including cash of $5,498, and current liabilities of $1,229,580, resulting in working capital of $278,003. For the nine months ended September 30, 2018, the Company reported a net loss of $317,938 and net cash used by operating activities of $115,067. Management believes that based on its operating plan, the projected sales for 2018, combined with funds available from its working capital will be sufficient to fund operations for the next twelve months. However, there can be no assurance that operations and operating cash flows will continue at the current levels or improve in the near future. Whether, and when, the Company can attain profitability and positive cash flows from operations is uncertain. The Company is also uncertain whether it can raise additional capital. These uncertainties cast significant doubt upon the Company’s ability to continue as a going concern. Our financial statements have been prepared on a going concern basis, which assumes the realization of assets and liquidation of liabilities in the normal course of operations. The financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities should we be unable to continue as a going concern. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Use of Estimates</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Recent Accounting Pronouncements</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:36pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">New Revenue Recognition Standard</span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">In May 2014, the FASB issued ASU 2014-09, which provides a single conprehensive accounting standard for revenue recognition for contracts with customers and supersedes current industry-specific guidance, including ASC 605-35. The new standard requires companies to recognize revenue when control of promised goods or services is transferred to customers at an amount that reflects the consideration to which the company expects to be entitled in exchange for the goods or services. The new model requires companies to identify contractural performance obligations and determine whether revenue should be recognized at a point in time or over time for each of these obligations. The new standard also significantly expands disclosure requirements regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">We adopted the new standard on January 1, 2018 (“Adoption Date”), using the modified retrospective method, which provides for a cumulative effect adjustment to beginning 2018 retained earnings for those uncompleted contracts impacted by the adoption of the new standard. The changes to the method and/or timing of our revenue recognition associated with our adoption of the new standard primarily relate to long-term engine development contracts. We will continue to recognize these contracts over time utilizing the cost to cost measure of progress under the new standard, consistent with our historical accouting treatment for these contracts. Due to the low level of backlog at December 31, 2017 for our contracts impacted by the new standard, no adjustment to beginning 2018 retained earnings resulted from the adoption of the new standard. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">See Note 5 for additional discussion of our revenue recognition accounting policies and expanded disclosures required by the new standard. </p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27pt;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Basic and Diluted Loss per Share </span></p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The computation of basic earnings per share of common stock is based on the weighted average number of shares outstanding during the periods presented. The computation of fully diluted earnings per share includes common stock equivalents outstanding at the balance sheet date. The Company had 2,563,473 and 2,379,723 stock options that would have been included in the fully diluted earnings per share as of September 30, 2018 and December 31, 2017, respectively. However, the common stock equivalents were not included in the computation of the loss per share computation because they are anti dilutive. </p>
2563473
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<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Income Taxes </span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The Company accounts for income taxes in accordance with Accounting Standards Codification Topic 740, Income Taxes ("Topic 740"), which requires the recognition of deferred tax liabilities and assets at currently enacted tax rates for the expected future tax consequences of events that have been included in the financial statements or tax returns. A valuation allowance is recognized to reduce the net deferred tax asset to an amount that is more likely than not to be realized. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company's financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of September 30, 2018 and December 31, 2017 the Company had no accrued interest or penalties related to uncertain tax positions. The Company files an income tax return in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state, and local, or non-U.S. income tax examinations by tax authorities for years before 2012.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"><span style="border-bottom:1px solid #000000">Liquidity and Going Concern </span></p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Historically, the Company has incurred net losses and negative cash flows from operations. As of September 30, 2018, the Company had an accumulated deficit of $20,105,039 and total stockholders’ equity of $239,955. At September 30, 2018, the Company had current assets of $1,507,583 including cash of $5,498, and current liabilities of $1,229,580, resulting in working capital of $278,003. For the nine months ended September 30, 2018, the Company reported a net loss of $317,938 and net cash used by operating activities of $115,067. Management believes that based on its operating plan, the projected sales for 2018, combined with funds available from its working capital will be sufficient to fund operations for the next twelve months. However, there can be no assurance that operations and operating cash flows will continue at the current levels or improve in the near future. Whether, and when, the Company can attain profitability and positive cash flows from operations is uncertain. The Company is also uncertain whether it can raise additional capital. These uncertainties cast significant doubt upon the Company’s ability to continue as a going concern. Our financial statements have been prepared on a going concern basis, which assumes the realization of assets and liquidation of liabilities in the normal course of operations. The financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities should we be unable to continue as a going concern. </p>
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<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 3 – INVENTORY</p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF">Inventory is stated at the lower of cost or market. The Company’s inventory consists of finished goods, determined on an average cost basis and raw material, determined on a standard cost basis, and is located in Vista, California, consisting of the following:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:432.9pt"><tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:83.2pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:88.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Location : Vista, CA </p>
</td><td colspan="2" style="width:83.2pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:88.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Raw materials</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">962,684</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">990,945</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Finished goods</p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,187,821</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,185,888</p>
</td></tr>
<tr style="height:14.4pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Work in progress</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">-</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">26,432</p>
</td></tr>
<tr style="height:14.4pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Allowance for obsolete inventory</p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(698,609)</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(648,609)</p>
</td></tr>
<tr style="height:15.75pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,451,896</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,554,656</p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify">The Company has established an allowance for obsolete inventory. Expense for obsolete inventory was $50,000 and $-0-, for the periods ended September 30, 2018 and September 30, 2017, respectively.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF">Inventory is stated at the lower of cost or market. The Company’s inventory consists of finished goods, determined on an average cost basis and raw material, determined on a standard cost basis, and is located in Vista, California, consisting of the following:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:432.9pt"><tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:83.2pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:88.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Location : Vista, CA </p>
</td><td colspan="2" style="width:83.2pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:88.8pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Raw materials</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">962,684</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">990,945</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Finished goods</p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,187,821</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,185,888</p>
</td></tr>
<tr style="height:14.4pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Work in progress</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">-</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">26,432</p>
</td></tr>
<tr style="height:14.4pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;text-indent:10.35pt;color:#000000">Allowance for obsolete inventory</p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.9pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(698,609)</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:16.3pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:72.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(648,609)</p>
</td></tr>
<tr style="height:15.75pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:66.9pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,451,896</p>
</td><td style="background-color:#CCEEFF;width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:16.3pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:72.5pt;white-space:nowrap;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1,554,656</p>
</td></tr>
</table>
962684
990945
1187821
1185888
0
26432
698609
648609
1451896
1554656
50000
0
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 4 – PROPERTY AND EQUIPMENT</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:418.9pt;margin-left:13.75pt"><tr style="height:15.75pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:80pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:78pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:80pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:78pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Production equipment</p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:61pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">64,673</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:59pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">61,960</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Computers/Office equipment</p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">28,540</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">28,540</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Tooling equipment</p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">12,380</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">12,380</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Leasehold Improvements</p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">42,451</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">42,451</p>
</td></tr>
<tr style="height:15.75pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Less: accumulated depreciation</p>
</td><td style="background-color:#CCEEFF;width:19pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:61pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(145,372)</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:59pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(138,078)</p>
</td></tr>
<tr style="height:15.75pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="width:19pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="width:61pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,672</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="width:59pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7,253</p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;text-indent:-54pt;margin-left:54pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Depreciation expense for the periods ended September 30, 2018 and September 30, 2017 was $7,294 and $18,594, respectively.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Property and equipment at September 30, 2018 and December 31, 2017 consisted of the following:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:418.9pt;margin-left:13.75pt"><tr style="height:15.75pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:80pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:78pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:80pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="2" style="width:78pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Production equipment</p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:61pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">64,673</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:59pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">61,960</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Computers/Office equipment</p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">28,540</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">28,540</p>
</td></tr>
<tr style="height:15pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Tooling equipment</p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">12,380</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">12,380</p>
</td></tr>
<tr style="height:15pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Leasehold Improvements</p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:61pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">42,451</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:59pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">42,451</p>
</td></tr>
<tr style="height:15.75pt"><td style="background-color:#CCEEFF;width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Less: accumulated depreciation</p>
</td><td style="background-color:#CCEEFF;width:19pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:61pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(145,372)</p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:59pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(138,078)</p>
</td></tr>
<tr style="height:15.75pt"><td style="width:249.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="width:19pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="width:61pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,672</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="width:59pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7,253</p>
</td></tr>
</table>
64673
61960
28540
28540
12380
12380
42451
42451
145372
138078
2672
7253
7294
18594
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 5 – COSTS AND ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:0.3pt;color:#000000;text-align:justify">Billing practices for our contracts are governed by the contract terms of each project based on progress toward completion approved by the owner, achievement of milestones or pre-agreed schedules. Billings do not necessarily correlate with revenue recognized under the percentage-of-completion method of accounting. The current liability, “Billings in excess of costs and estimated earnings,” represents billings in excess of revenues recognized. The current asset, “Costs and estimated earnings in excess of billings,” represents revenues recognized in excess of amounts billed to the customer, which are usually billed during normal billing processes following achievement of contractural requirements. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 5 – COSTS AND ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS (CONTINUED)</p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:0.3pt;color:#000000;text-align:justify">The two tables below set forth thet costs incurred and earnings accrued on uncompleted contracts compared with the billings on those contracts through September 30, 2018 and December 31, 2017 and reconcile the net excess billings to the amounts included in the balance sheets at those dates.</p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Cost incurred on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Estimated earnings</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Billings on uncompleted contracts</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Costs incurred and estimated earnings under billings on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> - </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Included in the accompanying balance sheets under the following captions:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Costs and estimated earnings in excess of billings on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Billings in excess of costs and estimated earnings on uncompleted contracts</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Net amount of costs and estimated earnings on uncompleted contracts above billings</p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Cost incurred on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Estimated earnings</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Billings on uncompleted contracts</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Costs incurred and estimated earnings under billings on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> - </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td></tr>
</table>
0
0
0
0
0
-30000
0
30000
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Included in the accompanying balance sheets under the following captions:</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Costs and estimated earnings in excess of billings on uncompleted contracts</p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Billings in excess of costs and estimated earnings on uncompleted contracts</p>
</td><td style="width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:6pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:52.1pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Net amount of costs and estimated earnings on uncompleted contracts above billings</p>
</td><td style="background-color:#CCEEFF;width:8.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:52.1pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(30,000) </p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
</table>
0
0
0
30000
0
30000
0.15
0.20
6313
3440
142819
114321
<span style="font-size:10pt">For the periods ended September 30, 2018 and December 31, 2017, the Company’s president and chief financial officer were due amounts for services performed for the Company. </span> <p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify">As of September 30, 2018 and December 31, 2017 the accrued management fees consisted of the following:</p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Amounts due to the president</p>
</td><td style="background-color:#CCEEFF;width:1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:7.6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:57.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">410,854</p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">321,796</p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Amounts due to the chief financial officer</p>
</td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:7.6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:57.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">101,249</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">85,045</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="background-color:#CCEEFF;width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:7.6pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:57.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">512,103</p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">406,841</p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;color:#000000;background-color:#FFFFFF;text-align:justify">As of September 30, 2018 and December 31, 2017 the accrued management fees consisted of the following:</p>
<table style="margin:0 auto;border-collapse:collapse;margin-left:15.4pt"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:66.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Amounts due to the president</p>
</td><td style="background-color:#CCEEFF;width:1pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:7.6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:57.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">410,854</p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">321,796</p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Amounts due to the chief financial officer</p>
</td><td style="width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:7.6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:57.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">101,249</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">85,045</p>
</td><td style="width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Total</p>
</td><td style="background-color:#CCEEFF;width:1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:7.6pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:57.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">512,103</p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">406,841</p>
</td><td style="background-color:#CCEEFF;width:2.9pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td></tr>
</table>
410854
321796
101249
85045
512103
406841
<span style="font-size:10pt">On November 7, 2017 the Company issued a convertible promissory note for $15,000 to a related party. The note has an annual interest rate of 8% and is unsecured. The principal amount of the note and all accrued interest is due and payable on or before July 7, 2018. The note has a conversion feature, wherein, at the lender’s option, at the maturity date the lender may convert the remaining unpaid principal balance and any unpaid accrued interest into shares of the Company’s common stock. The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the remaining unpaid principal balance and any unpaid accrued interest of this note by (ii) 90% of the average closing price of the common stock of the Company, for five trading days before the maturity date. Due to this provision, the Company considered whether the embedded conversion option qualifies for derivative accounting under ASC 815-15 “Derivatives and Hedging.” As the note isn’t convertible until maturity, no derivative liability was recognized. </span> As of September 30, 2018 and December 31, 2017 Convertible Notes – Related Party consisted of the following: <span style="font-size:10pt">On January 19, 2017 the Company issued a promissory note for $15,000 to a related party. The note has an annual interest rate of 5% and is unsecured. The principal amount of the note and all accrued interest is due and payable on or before January 19, 2019. </span> <p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">As of September 30, 2018 and December 31, 2017 Note Payable – Related Party consisted of the following:</p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:71.6pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:71.6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Note payable, related party </p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td><td style="background-color:#CCEEFF;width:6.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
<tr><td style="width:246pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Total</p>
</td><td style="width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:57.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td><td style="width:6.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:5.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;margin-left:-22.5pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
15000
0.08
2018-07-07
The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the remaining unpaid principal balance and any unpaid accrued interest of this note by (ii) 90% of the average closing price of the common stock of the Company, for five trading days before the maturity date.
As of September 30, 2018 and December 31, 2017 Convertible Notes – Related Party consisted of the following: <p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:248.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Convertible note, related party </p>
</td><td style="background-color:#CCEEFF;width:5.9pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td><td style="background-color:#CCEEFF;width:6.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
<tr><td style="width:248.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Total</p>
</td><td style="width:5.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:57.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td><td style="width:6.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:5.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
</table>
0
15000
139320
15799
15000
799
0.1134
32963
15000
0.05
2019-01-19
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">As of September 30, 2018 and December 31, 2017 Note Payable – Related Party consisted of the following:</p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:71.6pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:246pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:71.6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:1pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:246pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Note payable, related party </p>
</td><td style="background-color:#CCEEFF;width:8.25pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td><td style="background-color:#CCEEFF;width:6.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
<tr><td style="width:246pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Total</p>
</td><td style="width:8.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:57.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td><td style="width:6.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:5.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">15,000</p>
</td></tr>
</table>
15000
15000
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 8 – CONVERTIBLE NOTE PAYABLE </p>
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt;color:#000000;text-align:justify">On June 15, 2018 the Company entered into a Securities Purchase Agreement with an accredited investor, under which the investor purchased a Secured Convertible Promissory Note from the Company in the principal amount of $100,000. Under the terms of the Note simple interest will accrue at a rate of 10% per annum. The note will automatically mature and be due and payable on the eighteen (18) month anniversary. The Company shall make principal payments under the Note in the amount of $5,000 per month, beginning on the seventh month anniversary and continuing each month thereafter through the maturity date. Also commencing on the seventh month anniversary of the Note, the Company shall make interest payments under this Note based on the unpaid principal balance. The Note is secured by the inventory of the Company in accordance with a Security Agreement executed concurrently with the Note and UCC-1 Financing Statement perfecting said security interest. The Note includes a </p>
<p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt;color:#000000;text-align:justify"> </p>
<span style="font-size:10pt">conversion feature wherein, under certain circumstances, the Lender may request a portion of the principal repayment be converted and payable in restricted shares of the Company’s Common Stock at the lesser of five cents ($0.05) per share or 90% of the average closing price calculated over the prior 20 trading days, but not less than $0.0025 per share. The floor of $0.025 per share prevents the embedded conversion option from qualifying for derivative accounting under ASC 815-15 “Derivative and Hedging”. </span> As of September 30, 2018 and December 31, 2017 Convertible Note Payable consisted of the following: <p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Convertible note payable</p>
</td><td style="background-color:#CCEEFF;width:5.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">100,000 </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
<tr><td style="width:248.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Less current portion</p>
</td><td style="width:5.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:57.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">(45,000)</p>
</td><td style="width:6.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:4.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:248.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Convertible note payable, net of current portion</p>
</td><td style="background-color:#CCEEFF;width:5.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">55,000</p>
</td><td style="background-color:#CCEEFF;width:6.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;margin-left:-22.5pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
100000
0.10
5000
0.05
0.0025
As of September 30, 2018 and December 31, 2017 Convertible Note Payable consisted of the following: <p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">September 30,</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr><td style="width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td colspan="3" style="width:69.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2018</p>
</td><td style="width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center"> </p>
</td><td colspan="3" style="width:75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:center">2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:248.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Convertible note payable</p>
</td><td style="background-color:#CCEEFF;width:5.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">100,000 </p>
</td><td style="background-color:#CCEEFF;width:6.4pt" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
<tr><td style="width:248.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Less current portion</p>
</td><td style="width:5.9pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:6pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:57.35pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">(45,000)</p>
</td><td style="width:6.4pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:4.5pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:5.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="width:65.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:248.35pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">Convertible note payable, net of current portion</p>
</td><td style="background-color:#CCEEFF;width:5.9pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:6pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:57.35pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">55,000</p>
</td><td style="background-color:#CCEEFF;width:6.4pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:4.5pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify"> </p>
</td><td style="background-color:#CCEEFF;width:5.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:justify">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin-top:5pt;margin-bottom:0pt;color:#000000;text-align:right">-</p>
</td></tr>
</table>
100000
0
45000
0
55000
0
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 9 - STOCK OPTIONS </p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-22.5pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">During the nine months ended September 30, 2018 and 2017, the Company granted 590,000 and 350,000 options for services, respectively. During the nine months ended September 30, 2018 and 2017, the Company recognized expense of $32,458 and $120,209, respectively, for options and warrants that vested during the periods pursuant to ASC Topic 718. Total remaining amount of compensation expense to be recognized in future periods is $29,922. During the nine months ended September 30, 2018 and 2017, the Company granted -0- and 555,556 options to the CEO for accrued compensation, respectively.</p>
<p style="font:10pt Times New Roman;margin:0;margin-left:-27pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">On August 3, 2011 the Board of Directors adopted the Omnitek Engineering Corp. 2011 Long-term Incentive Plan (the “2011 Plan”), under which 1,000,000 shares of Company’s Common Stock were reserved for issuance of both Incentive Stock Options to employees only and and Non-Qualified Stock Options to employees and consultants at its discretion. As of September 30, 2018 the Company has a total of 625,000 options issued under the 2011 P lan. On September 11, 2015 the Board of Directors adopted the Omnitek Engineering Corp. 2015 Long Term Incentive Plan (the “2015 Plan”), under which 2,500,000 shares of the Company’s Common Stock were reserved for issuance of both Incentive Stock Options to employees only and Non-Qualified Stock Options to employees and consultants at its discretion. As of September 30, 2018 the Company has a total of 2,065,556 options issued under the 2015 Plan. In October 2017, the Company’s shareholders approved its 2017 Long-Term Incentive Plan (the “2017 Plan”). Under the 2017 plan, the Company may issue up to 5,000,000 shares of both Incentive Stock Options to employees only and Non-Qualified Stock Options to employees and consultants at its discretion. As of September 30, 2018, the Company has a total of 300,000 options issued under the 2017 Plan. During the nine months ended September 30, 2018 and 2017 the Company issued -0- and -0- warrants, respectively.</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The Company recognizes compensation expense for stock-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. The Company estimates the fair value of stock options using a Black-Scholes option pricing model which requires management to make estimates for certain assumptions regarding risk-free interest rate, expected life of options, expected volatility of stock and expected dividend yield of stock. When determining expected volatility, the Company considers the historical performance of the Company’s stock, as well as implied volatility. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant, based on the options’ expected term. The expected term of the options is based on the Company’s evaluation of option holders’ exercise patterns and represents the period of time that options are expected to remain unexercised. The Company uses historical data to estimate the timing and amount of forfeitures. </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;margin-right:-27.35pt;color:#000000;text-align:justify">NOTE 9 - STOCK OPTIONS (CONTINUED)</p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The following table presents the assumptions used to estimate the fair values of the stock options granted:</p>
<p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:106.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:108pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:justify"> </p>
</td><td style="width:106.65pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30, 2018</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30, 2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected volatility</p>
</td><td style="background-color:#CCEEFF;width:106.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">150 %</p>
</td><td style="background-color:#CCEEFF;width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:108pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">105 %</p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected dividends</p>
</td><td style="width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0 %</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0 %</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected term</p>
</td><td style="background-color:#CCEEFF;width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7 Years </p>
</td><td style="background-color:#CCEEFF;width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7 Years </p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Risk-free interest rate</p>
</td><td style="width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.46 %</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.22 %</p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">A summary of the status of the options granted at September 30, 2018 and December 31, 2017 and changes during the periods then ended is presented below: </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:459pt"><tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:166.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:158.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:166.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:158.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:72pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:18.15pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:65.25pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:64pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:11.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:19pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:63.7pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Shares</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:65.25pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Exercise Price</p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:64pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Shares</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:63.7pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Exercise Price</p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Outstanding at beginning of year</p>
</td><td style="background-color:#CCEEFF;width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,600,556 </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.82 </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">4,510,313 </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.81 </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Granted</p>
</td><td style="width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">590,000 </p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.07 </p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">905,556 </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.18 </p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Exercised</p>
</td><td style="background-color:#CCEEFF;width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Expired or cancelled</p>
</td><td style="width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(200,000) </p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.21 </p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(2,815,313) </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">3.81 </p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Outstanding at end of period</p>
</td><td style="background-color:#CCEEFF;width:72pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,990,556 </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.65 </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,600,556 </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:63.7pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.82 </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Exercisable </p>
</td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,563,473 </p>
</td><td style="width:11.1pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:18.15pt;white-space:nowrap;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> $ </p>
</td><td style="width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.69 </p>
</td><td style="width:17pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:64pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,354,723 </p>
</td><td style="width:11.8pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:19pt;white-space:nowrap;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> $ </p>
</td><td style="width:63.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.84 </p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;line-height:11pt;margin-top:0pt;margin-bottom:6pt;margin-left:48.45pt;color:#000000"> </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000">A summary of the status of the options outstanding at September 30, 2018 is presented below:</p>
<p style="font:10pt Times New Roman;line-height:11pt;margin-top:0pt;margin-bottom:6pt;margin-left:48.45pt;color:#000000"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:444.7pt;margin-left:28.2pt"><tr style="height:38.75pt"><td style="width:95.55pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Range of Exercise Prices</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:77.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Number Outstanding</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:66.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average Remaining Contractual Life</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.65pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Number Exercisable</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:71.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average Exercise Price</p>
</td></tr>
<tr style="height:5.25pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.01-0.99</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,440,556</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">5.06 years</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,013,473</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.24</p>
</td></tr>
<tr style="height:12.75pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$1.00-1.99</p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">75,000</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.43 years</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">75,000</p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.37</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$2.00-2.99</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">475,000</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.01 years</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">475,000</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.52</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td></tr>
<tr style="height:8.55pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.01-2.99</p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,990,556</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">4.32 years</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"><span style="background-color:#FFFF00"> </span> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,563,473</p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.69</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td></tr>
</table>
<p style="font:10pt Times New Roman;margin:0;margin-left:-22.5pt;margin-right:-27pt;color:#000000;text-align:justify"> </p>
590000
350000
32458
120209
29922
0
555556
1000000
625000
2500000
2065556
5000000
300000
0
0
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">The following table presents the assumptions used to estimate the fair values of the stock options granted:</p>
<p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:justify"> </p>
<table style="margin:0 auto;border-collapse:collapse"><tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:106.65pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:108pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:justify"> </p>
</td><td style="width:106.65pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30, 2018</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:center"> </p>
</td><td style="width:108pt;border-bottom:0.5pt solid #000000" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30, 2017</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected volatility</p>
</td><td style="background-color:#CCEEFF;width:106.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">150 %</p>
</td><td style="background-color:#CCEEFF;width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:108pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">105 %</p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected dividends</p>
</td><td style="width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0 %</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0 %</p>
</td></tr>
<tr><td style="background-color:#CCEEFF;width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Expected term</p>
</td><td style="background-color:#CCEEFF;width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7 Years </p>
</td><td style="background-color:#CCEEFF;width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">7 Years </p>
</td></tr>
<tr><td style="width:129pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">Risk-free interest rate</p>
</td><td style="width:106.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.46 %</p>
</td><td style="width:21.75pt" valign="top"><p style="font:10pt Times New Roman;margin:0;color:#FF0000;text-align:right"> </p>
</td><td style="width:108pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.22 %</p>
</td></tr>
</table>
1.50
1.05
0
0
P7Y
P7Y
0.0246
0.0222
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:justify">A summary of the status of the options granted at September 30, 2018 and December 31, 2017 and changes during the periods then ended is presented below: </p>
<p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:459pt"><tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:166.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">September 30,</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:158.5pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">December 31,</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:166.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2018</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td colspan="4" style="width:158.5pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">2017</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:72pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:11.1pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:18.15pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:65.25pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average</p>
</td><td style="width:17pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:64pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:11.8pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:19pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:63.7pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average</p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:72pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Shares</p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:65.25pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Exercise Price</p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:64pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Shares</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="width:63.7pt;white-space:nowrap;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Exercise Price</p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Outstanding at beginning of year</p>
</td><td style="background-color:#CCEEFF;width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,600,556 </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.82 </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">4,510,313 </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$</p>
</td><td style="background-color:#CCEEFF;width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.81 </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Granted</p>
</td><td style="width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">590,000 </p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.07 </p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">905,556 </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.18 </p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Exercised</p>
</td><td style="background-color:#CCEEFF;width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">- </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Expired or cancelled</p>
</td><td style="width:72pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(200,000) </p>
</td><td style="width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:18.15pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.21 </p>
</td><td style="width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:64pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">(2,815,313) </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:19pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:63.7pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">3.81 </p>
</td></tr>
<tr style="height:10.8pt"><td style="background-color:#CCEEFF;width:117pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Outstanding at end of period</p>
</td><td style="background-color:#CCEEFF;width:72pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,990,556 </p>
</td><td style="background-color:#CCEEFF;width:11.1pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:18.15pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.25pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.65 </p>
</td><td style="background-color:#CCEEFF;width:17pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:64pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,600,556 </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:19pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:63.7pt;border-top:0.5pt solid #000000;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.82 </p>
</td></tr>
<tr style="height:10.8pt"><td style="width:117pt;white-space:nowrap" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000">Exercisable </p>
</td><td style="width:72pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,563,473 </p>
</td><td style="width:11.1pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:18.15pt;white-space:nowrap;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> $ </p>
</td><td style="width:65.25pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.69 </p>
</td><td style="width:17pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:64pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,354,723 </p>
</td><td style="width:11.8pt" valign="middle"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:19pt;white-space:nowrap;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> $ </p>
</td><td style="width:63.7pt;border-bottom:3px double #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.84 </p>
</td></tr>
</table>
2600556
0.82
4510313
2.81
590000
0.07
905556
0.18
0
0
0
0
200000
1.21
2815313
3.81
2990556
0.65
2600556
0.82
2563473
0.69
2354723
0.84
<p style="font:10pt Times New Roman;margin:0;color:#000000">A summary of the status of the options outstanding at September 30, 2018 is presented below:</p>
<p style="font:10pt Times New Roman;line-height:11pt;margin-top:0pt;margin-bottom:6pt;margin-left:48.45pt;color:#000000"> </p>
<table style="margin:0 auto;border-collapse:collapse;width:444.7pt;margin-left:28.2pt"><tr style="height:38.75pt"><td style="width:95.55pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Range of Exercise Prices</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:77.25pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Number Outstanding</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:66.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average Remaining Contractual Life</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:65.65pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Number Exercisable</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="width:71.75pt;border-bottom:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center">Weighted-Average Exercise Price</p>
</td></tr>
<tr style="height:5.25pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:center"> </p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.01-0.99</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,440,556</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">5.06 years</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,013,473</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">0.24</p>
</td></tr>
<tr style="height:12.75pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$1.00-1.99</p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">75,000</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.43 years</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">75,000</p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.37</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$2.00-2.99</p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">475,000</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">1.01 years</p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">475,000</p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2.52</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt;border-top:0.5pt solid #000000" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td></tr>
<tr style="height:8.55pt"><td style="background-color:#CCEEFF;width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.01-2.99</p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,990,556</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">4.32 years</p>
</td><td style="background-color:#CCEEFF;width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"><span style="background-color:#FFFF00"> </span> </p>
</td><td style="background-color:#CCEEFF;width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">2,563,473</p>
</td><td style="background-color:#CCEEFF;width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="background-color:#CCEEFF;width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right">$0.69</p>
</td></tr>
<tr style="height:12.75pt"><td style="width:95.55pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:77.25pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:66.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:13.35pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:11.8pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:65.65pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:17.45pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td><td style="width:71.75pt" valign="bottom"><p style="font:10pt Times New Roman;margin:0;color:#000000;text-align:right"> </p>
</td></tr>
</table>
0.01
0.99
2440556
P5Y21D
2013473
0.24
1.00
1.99
75000
P1Y5M4D
75000
1.37
2.00
2.99
475000
P1Y3D
475000
2.52
0.01
2.99
2990556
P4Y3M25D
2563473
0.69