Note 10 - Stock Options and Warrants

6 Months Ended

Jun. 30, 2018

NOTE 10 – Stock Options and Warrants

A summary of stock options and warrants activity follows:

	Shares of Common Stock Exercisable Into
	Stock Options	Warrants	Total
Balance, December 31, 2016	50,000	247,500	297,500
Granted in 2017	-	-	-
Expired in 2017	-	-	-

Balance, December 31, 2017	50,000	247,500	297,500
Granted in 1Q, 2Q 2018	3,000,000	-	3,000,000
Cancelled in 1Q, 2Q 2018	-	-	-

Balance, June 30, 2018	3,050,000	247,500	3,297,500

Issued and outstanding stock options as of June 30, 2018 consist of:

Year	Number Outstanding		Exercise	Year of
Granted	And Exercisable		Price	Expiration

2009	50,000	$	1.000	2019
2018	3,000,000	$	0.001	2023

Total	3,050,000

On June 11, 2018, the Company granted 3,000,000 options of CANB common stock to Carl Dilley, a director of the Company, in exchange for the retirement of a total of 3,000,000 shares of CANB common stock from Carl Dilley. The options are exercisable for the purchase of one share of the Registrant’s Common Stock at an exercise price of $0.001 per share. The Options are fully vested and are exercisable as of the Grant Date and all shall expire June 11, 2023. The value of the Stock Options ($84,000) were calculated using the Black Scholes option pricing model and the following assumptions: (i) $0.028 share price, (ii) 5 years term, (iii) 262.00% expected volatility, (iv) 2.80% risk free interest rate and the difference between this value and the fair value of retied shares was expensed in the quarterly period ended June 30, 2018.

Issued and outstanding warrants as of June 30, 2018 consist of:

Year	Number Outstanding		Exercise	Year of
Granted	And Exercisable		Price	Expiration

2010	247,500	$	1.00	2020

Total	247,500