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10-Q
2018-06-30
true
Amendment 1
International Land Alliance Inc.
0001657214
ilai
--12-31
15433901
9245
Smaller Reporting Company
Yes
No
No
2018
Q2
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>NOTE 1 – NATURE OF OPERATIONS AND GOING CONCERN</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b> </b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>Nature of Operations</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>International Land Alliance, Inc. (the "Company") was incorporated under the laws of the State of Wyoming on September 26, 2013 (inception). The Company is a residential land development company with target properties located in the Baja California, Norte region of Mexico. The Company has a 100% equity interest in International Land Alliance, S.A. de C.V., a corporation organized in Mexico. The Company's principal activities are purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the properties infrastructure and amenities, and selling the plots to homebuyers, retirees, investors and commercial developers.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Going Concern</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has generated recurring losses and a working capital deficit and anticipates future losses in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or issuance of common shares. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Basis of Presentation</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The consolidated financial statements presented in this report are the financial reports of International Land Alliance, Inc. </font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP).</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The consolidated financial statements present the Balance Sheet, Statements of Operations, Shareholders' Deficit and Cash Flows of the Company. These consolidated financial statements are presented in United States dollars. The accompanying audited, consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Principles of Consolidation</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary International Land Alliance, S.A. de C.V., a company incorporated in Mexico ("ILA Mexico"). ILA Mexico has no assets, no liabilities and minimal expenses as of June 30, 2018. All intercompany balances and transactions are eliminated in consolidation.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Use of Estimates</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) 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. The Company regularly evaluates estimates and assumptions related to the valuation of accounts receivables, valuation of long-lived assets, accounts payable and accrued liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Cash and Cash Equivalents</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. The Company did not have any cash equivalents as of June 30, 2018 or December 31, 2017.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Fair value of Financial Instruments and Fair Value Measurements</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>ASC 820, "<i>Fair Value Measurements and Disclosures", </i>requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 1</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 2</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 3</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company's financial instruments consist principally of cash, accounts payable, accrued liabilities, and note payable to a third party. Pursuant to ASC 820, "<i>Fair Value Measurements and Disclosures" </i>and ASC 825, "<i>Financial Instruments",</i> the fair value of our cash equivalents is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The following table presents assets and liabilities that were measured and recognized at fair value as of June 30, 2018 on a recurring basis:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td colspan="12" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b><i><u>Revenue Recognition</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Net revenue includes product sales, less excise taxes and customer programs and incentives. The Company recognizes revenue by applying the following steps in accordance with Accounting Standards Codification ("ASC") Topic 606 – <i>Revenue from Contracts with Customers</i>: (i) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Income Taxes</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "<i>Income Taxes"</i>. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company follows the provisions of ASC 740, "<i>Income Taxes</i>". When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Management makes estimates and judgments about our future taxable income that are based on assumptions that are consistent with our plans and estimates. Should the actual amounts differ from our estimates, the amount of our valuation allowance could be materially impacted. Any adjustment to the deferred tax asset valuation allowance would be recorded in the income statement for the periods in which the adjustment is determined to be required. The Company does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Earnings (Loss) Per Share</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company computes net earnings (loss) per share in accordance with ASC 260, "<i>Earnings per Share"</i>. ASC 260 requires presentation of both basic and diluted net earnings per share ("EPS") on the face of the statement of operations. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At June 30, 2018 and December 31, 2017, total warrants issued and outstanding convertible into common stock amounted to 827,000 shares and 848,000 shares, respectively.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Concentration of Credit Risk</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through June 30, 2018 and December 31, 2017. The Company's bank balance did not exceed FDIC insured amounts at June 30, 2018 or at December 31, 2017, respectively.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Recent Accounting Pronouncements</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In January 2017, the FASB issued ASU 2017-01, <i>Business Combinations (Topic 805): Clarifying the Definition of a Business</i>, which clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard will be effective for the Company in the first quarter of 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In November 2016, the FASB issued Accounting Standards Update No. 2016-18, "<i>Statement of Cash Flows (Topic 230): Restricted Cash" ("ASU 2016-18")</i>. The new guidance is intended to reduce diversity in practice by adding or clarifying guidance on classification and presentation of changes in restricted cash on the statement of cash flows. ASU 2016-18 is effective for annual and interim periods beginning after December 15, 2017. Early adoption is permitted. The amendments in this update should be applied retrospectively to all periods presented. The Company is currently evaluating the impact of adopting ASU 2016-18 noting it will only impact the Company to the extent it has restricted cash in the future.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In June 2016, the FASB issued Accounting Standards Update ("ASU") 2016-13, "<i>Financial Instruments - Credit Losses </i>(Topic 326)." The new standard amends guidance on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating this guidance to determine the impact it may have on its financial statements.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In February 2016, the FASB issued ASU 2016-02, "<i>Leases </i>(Topic 842)." The objective of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods and is to be applied utilizing a modified retrospective approach. The Company is currently evaluating this guidance to determine the impact it may have on its financial statements.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 3 – ACCRUED EXPENSES</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'>Accrued expenses for the six months ended June 30, 2018 and December 31, 2017 is summarized as follows:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%'> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><b> </b></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Balance</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Balance</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:1.0pt'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:1.0pt'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:8.0pt'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:8.0pt'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Relative fair market value of plots of land sold</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>381,550</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>278,061</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Payable to an investor/shareholder</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>100,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total Accrued expenses</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>381,550</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>378,061</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On September 1, 2016, the Company issued 250,000 shares of common stock to a third-party investor for cash proceeds of $187,500. In conjunction with this sale of shares, the Company also attached five (5) plots of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 250,000 warrants at an exercise price of $0.75 per share, exercisable over a term of one year from the date of issuance (Note 6). The total cash proceeds of $187,500 was allocated based upon the relative fair market value of the shares, warrants and five (5) plots of land in the following amounts: shares were valued at $115,091; warrants were valued at $26,372, and five (5) plots of land was valued at $46,037.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On October 2, 2017, the Company entered into an agreement with this third-party investor and agreed to buy back the 5 (five) plots of land for an agreed sale price of $206,250 due by February 28, 2018. The Company has recorded a loss of $160,213 on the purchase of these 5 (five) plots of land, in the accompany financial statements for the year ended December 31, 2017. The Company has paid $106,250 of the purchase price as of December 31, 2017 and $100,000 remained payable and recorded as accrued expense as of December 31, 2017 (Note 8). The remaining balance of $100,000 was paid during the six months ended June 30, 2018 leaving a $0 balance at June 30, 2018.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company recorded accrued expenses the relative fair market value of plots of land sold by the Company to investors in conjunction with the sale of common stock to raise capital (Note 6). Total accrued expenses were $381,550 and $378,061 as of June 30, 2018 and December 31, 2017, respectively.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>NOTE 4 – RELATED PARTY TRANSACTIONS</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On October 1, 2013, the Company issued 3,750,000 shares of its common stock as founder shares to its Chief Executive Officer valued at its fair value of $3,750. In addition, the Company issued 3,500,000 shares of its common stock as founder shares to its Chief Financial Officer valued at its fair value of $3,500.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On October 1, 2013, the Company executed an agreement with Grupo Valcas/Baja Residents Club, S.A. de C.V., an architectural and planning firm controlled by Roberto Jesus Valdes, one of the Company's officer and director. Pursuant to the terms of the agreement, Grupo Valcas agreed to provide a conceptual site plan for the Oasis Park project which will include buildings and plot layouts, final grades for plots, streets and common areas, drainage, locations of buildings on plots, slab or floor elevations, delineation of off-street parking and open space/recreation areas), as well as construction management for common areas and commercial buildings. Grupo Valcas will also be responsible for obtaining all federal, state and municipal permits required for the project. For its services, Grupo Valcas was paid $100,000 in cash and was issued 28,000 shares of our Series A preferred stock (Note 6) valued at its fair value of $2,260,496 which was recorded as stock-based compensation. Each Series A preferred stock is convertible, at the option of Grupo Valcas at any time, into 100 shares of our common stock. At any time on or before October 1, 2018, the Company has the option to redeem the preferred shares at a price of $100 per share. The Company has not redeemed any preferred stock as of June 30, 2018 and December 31, 2017, respectively.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company paid to its Chief Executive Officer consulting fees of $30,000 and $227,000 ($102,000 in cash and 250,000 shares of common stock valued at the its fair market value of $125,000) for six months ended June 30, 2018 and the year ended December 31, 2017 respectively (Note 6). The Company paid to its Chief Financial Officer consulting fees of $66,360 and $264,987 ($139,987 in cash and 250,000 shares of common stock valued at its fair market value of $125,000) for the six months ended June 30, 2018 and year ended December 31, 2017 respectively (Note 6).</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company paid to its Secretary consulting fees of $25,706 and $155,505 ($30,505 in cash and 250,000 shares of common stock valued at its fair market value of $125,000) for the six months ended June 30, 2018 and year ended December 31, 2017, respectively (Note 6).</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>NOTE 5 – COMMITMENTS AND CONTINGENCIES</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>Cash Call, Inc.</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On March 19, 2018 the Company issued a promissory note to CashCall, Inc. for $75,000 of cash consideration. The note bears interest at 94%, matures on May 1, 2028. The Company also recorded a $7,500 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $209 of the debt discount into interest expense leaving a remaining total debt discount on the note of $7,291 as of June 30, 2018. </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>On Deck</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On April 4, 2018 the Company issued a promissory note to On Deck for $35,000 of cash consideration. The note bears interest at 94%, matures on January 6, 2019. The Company also recorded a $14,140 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $4,451 of the debt discount into interest expense leaving a remaining total debt discount on the note of $9,689 as of June 30, 2018.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Commitment to purchase land</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company anticipates transfer of ownership title to the resort properties in Baja, California, to the Company over the next sixty days. The two land projects consisting of 497 acres and 20 acres to be acquired and developed into Oasis Park resort near San Felipe, Baja and Valle Divino resort in Ensenada, is subject to approval by the Mexican government in Baja, California. The Company has promised to transfer title to the plots of land to the investors who have invested in the Company once the Company receives an approval of change in transfer of title to the Company.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'>On October 2, 2017, the Company entered into an agreement to purchase five (5) plots of land for $206,250 that it originally sold to a third-party investor on September 1, 2016 (Note 3). The Company paid the remaining balance $100,000 owed to this third-party investor on February 28, 2018 (Note 8). </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Litigation Costs and Contingencies</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. Other than as set forth below, management is currently not aware of any such legal proceedings or claims that could have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received. If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 6 – STOCKHOLDERS' EQUITY</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company's capitalization at June 30, 2018 was 75,000,000 authorized common shares and 100,000 authorized preferred shares, both with a par value of $0.001 per share.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common Stock</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>For Six Months Ended June 30, 2018</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common Stock sold with Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 9, 2018, the Company issued 20,000 shares of common stock to a third-party investor for cash proceeds of $5,000. In conjunction with this sale of shares, the Company also attached and issued 20,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $4,365 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.78%. The total cash proceeds of $5,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $2,670; and warrants were valued at $2,330.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 9, 2018 and February 2, 2018, the Company issued 26,000 shares and 64,000 shares of common stock to a third-party investor for total cash proceeds of $22,500. In conjunction with this sale of shares, the Company also attached and issued 90,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $19,642 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.83%. The total cash proceeds of $22,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $12,013; warrants were valued at $10,487.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 18, 2018, the Company issued 50,000 shares of common stock to a third-party investor for cash proceeds of $12,500. In conjunction with this sale of shares, the Company also attached and issued 50,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $10,912 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.79%. The total cash proceeds of $12,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $6,674; warrants were valued at $5,826.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 19, 2018, the Company issued 4,000 shares of common stock to a third-party investor for cash proceeds of $1,000. In conjunction with this sale of shares, the Company also attached and issued 4,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $873 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.79%. The total cash proceeds of $1,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $534; and warrants were valued at $466.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On February 7, 2018, the Company issued 20,000 shares of common stock to a third-party investor for cash proceeds of $5,000. In conjunction with this sale of shares, the Company also attached and issued 20,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $4,365 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.91%. The total cash proceeds of $5,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $2,669; and warrants were valued at $2,331.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On February 12, 2018, the Company issued 40,000 shares of common stock to a third-party investor for cash proceeds of $10,000. In conjunction with this sale of shares, the Company also attached and issued 40,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $8,731 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 250%, and discount rate of 1.93%. The total cash proceeds of $10,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $5,339; and warrants were valued at $4,661.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On February 13, 2018, the Company issued 30,000 shares of common stock to a third-party investor for cash proceeds of $15,000. In conjunction with this sale of shares, the Company also attached and issued 30,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $8,731 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 250%, and discount rate of 1.95%. The total cash proceeds of $15,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $10,750; and warrants were valued at $4,250.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> <b><u>Warrant Exercise</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On June 4, 2018, the Company issued 80,000 shares of common stock in a warrant exercise to a third-party investor for cash proceeds of $8,000. The total cash proceeds of $8,000 was allocated based upon the cash received. As the exercise occurred within the term of the warrant agreement no gain or loss was recognized.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common stocks sold with a promise to deliver title to Plot of Land and Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 5, 2018 and March 26, 2018 and April 20, 2018, the Company issued 60,000 shares, 22,000 shares and 28,000 shares of common stock to a third-party investor for cash proceeds of $27,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 110,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $24,226 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 250%, and discount rate of 1.83%. The total cash proceeds of $27,500 was allocated based upon the relative fair market value of the shares, warrants and one (1) promised plot of land in the following amounts: shares were valued at $11,334; warrants were valued at $9,984, and plot of land was valued at $6,182.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 29, 2018, the Company issued 75,000 shares of common stock to a third-party investor for cash proceeds of $37,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land). The total cash proceeds of $37,500 was allocated based upon the relative fair market value of the shares, and one (1) promised plot of land in the following amounts: shares were valued at $26,786 and plot of land was valued at $10,714.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On February 23, 2018 and March 20, 2018, the Company issued 200,000 shares and 25,000 shares of common stock to a third-party investor for cash proceeds of $112,500. In conjunction with this sale of shares, the Company also attached three (3) plots of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land). The total cash proceeds of $112,500 was allocated based upon the relative fair market value of the shares, and three (3) promised plots of land in the following amounts: shares were valued at $80,357 and plots of land were valued at $32,143.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On February 28, 2018 and May 3, 2018 and June 26, 2018, the Company issued 20,000 shares and 14,000 shares and 36,000 shares of common stock to a third-party investor for total cash proceeds of $35,000. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 70,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $25,200 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 250%, and discount rate of 2.27%. The total cash proceeds of $35,000 was allocated based upon the relative fair market value of the shares, warrants and one (1) promised plot of land in the following amounts: shares were valued at $16,290; warrants were valued at $11,729, and plot of land was valued at $6,981.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On April 30, 2018, the Company issued 75,000 shares of common stock to a third-party investor for cash proceeds of $37,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land). The total cash proceeds of $37,500 was allocated based upon the relative fair market value of the shares, and one (1) promised plot of land in the following amounts: shares were valued at $26,786 and plot of land was valued at $10,714.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On April 30, 2018, the Company issued 75,000 shares of common stock to a third-party investor for cash proceeds of $37,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land). The total cash proceeds of $37,500 was allocated based upon the relative fair market value of the shares, and one (1) promised plot of land in the following amounts: shares were valued at $26,786 and plot of land was valued at $10,714.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On May 1, 2018, the Company issued 75,000 shares of common stock to a third-party investor for cash proceeds of $37,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land). The total cash proceeds of $37,500 was allocated based upon the relative fair market value of the shares, and one (1) promised plot of land in the following amounts: shares were valued at $26,786 and plot of land was valued at $10,714.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On June 22, 2018, the Company issued 75,000 shares of common stock to a third-party investor for cash proceeds of $37,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 75,000 warrants at an exercise price of $0.50 per share, exercisable over a term of one year from the date of issuance. The fair market value of $13,037 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.50, expected term of one year, expected volatility of 250%, and discount rate of 2.5%. The total cash proceeds of $37,500 was allocated based upon the relative fair market value of the shares, warrants and one (1) promised plot of land in the following amounts: shares were valued at $21,457; warrants were valued at $7,460, and plot of land was valued at $8,583.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>For the year ended December 31, 2017</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b> </b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common stocks sold with a promise to deliver title to Plot of Land and Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On March 24, 2017, the Company issued 150,000 shares of common stock to a third-party investor for cash proceeds of $25,000. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 150,000 warrants at an exercise price of $0.17 per share, exercisable over a term of one year from the date of issuance. The fair market value of $31,275 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.17, expected term of one year, expected volatility of 254%, and discount rate of 0.98%. The total cash proceeds of $25,000 was allocated based upon the relative fair market value of the shares, warrants and one (1) promised plot of land in the following amounts: shares were valued at $8,769; warrants were valued at $10,970, and plot of land was valued at $5,261.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On March 15, 2017, April 27, 2017, June 6, 2017 and June 29, 2017, the Company issued for four tranches 140,000 shares of common stock to a third-party investor for cash proceeds of $35,000. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 140,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $28,067 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 259%, and discount rate of 1.23%. The total cash proceeds of $35,000 was allocated based upon the relative fair market value of the shares, warrants and one (1) plot of land in the following amounts: shares were valued at $13,190; warrants were valued at $10,578, and plot of land was valued at $11,232.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On May 5, 2017, June 19, 2017, July 1, 2017and October 27, 2017, the Company issued 100,000 shares of common stock to a third-party investor for cash proceeds of $32,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 100,000 warrants at an exercise price of $0.10 per share to $0.50 per share, exercisable over a term of one year from the date of issuance. The fair market value of $10,828 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 240% and 260%, and discount rate of 1.24% and 1.42%. The total cash proceeds of $32,500 was allocated based upon the relative fair market value of the shares, warrants and one (1) plot of land in the following amounts: shares were valued at $17,076; warrants were valued at $9,059, and plot of land was valued at $6,365.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On August 4, 2017 and October 18, 2017, the Company issued 60,000 shares of common stock to a third-party investor for cash proceeds of $15,000. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 60,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $8,212 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 260%, and discount rate of 1.42%. The total cash proceeds of $15,000 was allocated based upon the relative fair market value of the shares, warrants and one (1) plot of land in the following amounts: shares were valued at $6,394; warrants were valued at $5,534, and plot of land was valued at $3,072.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On October 25, 2017, the Company issued 50,000 shares of common stock to a third-party investor for cash proceeds of $12,500. In conjunction with this sale of shares, the Company also attached one (1) plot of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 50,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $11,046 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 261%, and discount rate of 1.43%. The total cash proceeds of $12,500 was allocated based upon the relative fair market value of the shares, warrants and one (1) plot of land in the following amounts: shares were valued at $4,054; warrants were valued at $3,582, and plot of land was valued at $4,864.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On December 13, 2017, the Company issued 200,000 shares of common stock to a third-party investor for cash proceeds of $100,000. In conjunction with this sale of shares, the Company also attached four (4) plots of land (the title to which not currently owned by the Company as its promise to transfer title to the investor once the Company owns the land) and issued 200,000 warrants at an exercise price of $0.50 per share, exercisable over a term of one year from the date of issuance. The fair market value of $35,307 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 248%, and discount rate of 1.68%. The total cash proceeds of $100,000 was allocated based upon the relative fair market value of the shares, warrants and one (4) plot of land in the following amounts: shares were valued at $66,530; warrants were valued at $23,490, and plot of land was valued at $9,980.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On October 2, 2017, the Company entered into an agreement with this third-party investor and agreed to buy back the 5 (five) plots of land for an agreed sale price of $206,250 due by February 28, 2018 (Note 3). The Company has recorded $46,037 as the relative fair value of the cost of land for the purchase of these 5 (five) plots of land as additional paid in capital in the accompany financial statements for the year ended December 31, 2017.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On December 6, 2017, the Company and an investor mutually agreed that the investor will relinquish the ownership of a plot of land back to the Company purchased by the investor on July 3, 2014. The Company has recorded $10,008 as the relative fair value of the cost of plot of land as additional paid in capital in the accompany financial statements for the year ended December 31, 2017.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>During the year ended December 31, 2017, the Company issued 700,000 shares of common stock and promise to deliver the plots of land and warrants to purchase 700,000 shares of common stock to 6 (six) investors for net cash proceeds of $156,727.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common Stock sold for Cash and Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On January 11, 2017, the Company issued 20,000 shares of common stock to a third-party investor for cash proceeds of $5,000. In conjunction with this sale of shares, the Company also attached and issued 20,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $3,995 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 251%, and discount rate of 0.82%. The total cash proceeds of $5,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $2,792; and warrants were valued at $2,208.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On March 8, 2017, the Company issued 10,000 shares of common stock to a third-party investor for cash proceeds of $2,500. In conjunction with this sale of shares, the Company also attached and issued 10,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $1,992 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 254%, and discount rate of 1.03%. The total cash proceeds of $2,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $1,391; and warrants were valued at $1,109.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On March 15, 2017, the Company issued 10,000 shares of common stock to a third-party investor for cash proceeds of $2,500. In conjunction with this sale of shares, the Company also attached and issued 10,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $1,992 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 253%, and discount rate of 1.02%. The total cash proceeds of $2,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $1,392; and warrants were valued at $1,108.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On May 22, 2017, the Company issued 10,000 shares of common stock to a third-party investor for cash proceeds of $2,500. In conjunction with this sale of shares, the Company also attached and issued 10,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $2,005 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 253%, and discount rate of 1.02%. The total cash proceeds of $2,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $1,387; and warrants were valued at $1,113.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On March 13, 2017, April 13, 2017, June 2, 2017 and June 23, 2017, the Company issued 60,000 shares of common stock to a third-party investor for cash proceeds of $15,000. In conjunction with this sale of shares, the Company also attached and issued 60,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $12,030 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.25, expected term of one year, expected volatility of 260%, and discount rate of 1.21%. The total cash proceeds of $15,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $8,324; and warrants were valued at $6,676.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On July 14, 2017, the Company issued 20,000 shares of common stock to a third-party investor for cash proceeds of $5,000. In conjunction with this sale of shares, the Company also attached and issued 20,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $4,308 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 240%, and discount rate of 1.22%. The total cash proceeds of $5,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $2,686; and warrants were valued at $2,314.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On August 25, 2017, the Company issued 8,000 shares of common stock to a third-party investor for cash proceeds of $4,000. In conjunction with this sale of shares, the Company also attached and issued 8,000 warrants at an exercise price of $0.25 per share, exercisable over a term of one year from the date of issuance. The fair market value of $1,540 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 239%, and discount rate of 1.23%. The total cash proceeds of $4,000 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $2,888; and warrants were valued at $1,112.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On November 7, 2017, the Company issued 10,000 shares of common stock to a third-party investor for cash proceeds of $2,500. In conjunction with this sale of shares, the Company also attached and issued 10,000 warrants at an exercise price of $0.10 per share, exercisable over a term of one year from the date of issuance. The fair market value of $2,216 of the warrants was calculated using a Black-Scholes option pricing model with the following assumptions: stock price $0.10, expected term of one year, expected volatility of 263%, and discount rate of 1.49%. The total cash proceeds of $2,500 was allocated based upon the relative fair market value of the shares and warrants in the following amounts: shares were valued at $1,325; and warrants were valued at $1,175.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>Furthermore, the Company sold 915,000 shares of common stock to 8 (eight) investors for cash proceeds of $457,500 during the year ended December 31, 2017. The common stock was valued at its fair market value of $0.50 on the date of issuance.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>During the year ended December 31, 2017, the Company sold 1,063,000 shares of common stock and warrants to purchase 148,000 shares of common stock to 16 (sixteen)investors for total cash proceeds of $496,500.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common Stock Issued for Commission and Services</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>During the year ended December 31, 2017, the Company issued a total of 1,242,750 shares of common stock for services, of which 750,000 shares of common stock issued to its officers for services were valued at $375,000, and 492,250 shares of common stock issued to consultants for services were valued at $246,125 (Note 4). The common shares issued to the officers and consultants were valued at their fair market value on the date of grant. The Company recorded these expenses as general and administrative expenses in the accompanying financial statements at December 31, 2017.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>As a result of all common stock issuances, the Company has 14,319,901 and 15,433,901 shares of common stock issued and outstanding at December 31, 2017 and June 30, 2018, respectively.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Preferred Stock</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The Preferred Stock may be issued from time to time in one or more series. The Board of Directors is authorized to fix the number of shares of any series of Preferred Stock and to determine the designation of any such series. The Board of Directors is also authorized to determine or alter the rights, preferences, privileges, and restrictions granted to or imposed upon any wholly unissued series of Preferred Stock and, within the limits and restrictions stated in any resolution or resolutions of the Board of Directors originally fixing the number of shares constituting any series, to increase or decrease (but not below the number of shares of such series than outstanding) the number of shares of any such series subsequent to the issue of shares of that series.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On October 1, 2013, the Company authorized and issued 28,000 shares of Series A Preferred Stock to Grupo Valcas (a related party) in exchange for services. The 28,000 shares grant the holder to have the right to vote on all shareholder matters equal to 100 votes per share. The Series A shares were valued according to the additional voting rights assigned. The value assigned to the voting rights was derived from a model utilizing control premiums to value the voting control of the preferred stock which was prepared by an independent valuation specialist. The value assigned to the Series A Preferred Stock was $2,260,496 and was recorded on the grant date as stock-based compensation.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>At June 30, 2018 and December 31, 2017, 28,000 shares of Series A Preferred Stock were issued and outstanding.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>A summary of the Company's warrant activity during the six months ended June 30, 2018 and year ended December 31, 2017 is presented below.</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%'> <tr align="left"> <td width="40%" valign="bottom" style='width:40.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Number of</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Warrants</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Weighted</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Average</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Exercise</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Price</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Weighted</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Average</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Remaining</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Contract Term</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Year)</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Aggregate</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Intrinsic</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Value</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at December 31, 2016</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,617,333</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.53</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.54</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>206,586</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Granted</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercised</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Forfeit/Canceled</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(1,617,333</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.53</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at December 31, 2017</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.60</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>132,548</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercisable at December 31, 2017</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Granted</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>509,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercised</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(80,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Forfeit/Canceled</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(450,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at June 30, 2018</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>827,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.34</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.31</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>141,696</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>At June 30, 2018, 827,000 warrants were exercisable into common stock. The exercise price of warrants to convert into common stock ranged from $0.10 to $0.50 per warrant, and term of exercise of warrants was one year from the date of issuance.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>At December 31, 2017, 848,000 warrants were exercisable into common stock. The exercise price of warrants to convert into common stock ranged from $0.10 to $0.50 per warrant, and term of exercise of warrants was one year from the date of issuance.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 7 – INCOME TAX</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Income tax expense for the years ended December 31, 2017 and June 30, 2018 is summarized as follows:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Deferred:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Federal</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(447,570</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(404,177</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>State</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Change in valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>447,570</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>404,177</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Income tax expense (benefit)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The following is a reconciliation of the provision for income taxes at the U.S. federal income tax rates of 21% and 21%, and the state income tax rates net of federal tax benefit of 0% for the years ended December 31, 2017 and June 30, 2018, respectively, to the income taxes reflected in the Statements of Operations:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Book Income (loss)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>State taxes</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Tax expense at actual rate</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities at December 31, 2017 and June 30, 2018 are as follows:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Deferred tax assets:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Net operating loss carry forward</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total gross deferred tax assets</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Less - valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Net deferred tax assets</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Deferred income taxes are provided for the tax effects of transactions reported in the financial statements and consist of deferred taxes related primarily to differences between the bases of certain assets and liabilities for financial and tax reporting. The deferred taxes represent the future tax return consequences of those differences, which will either be deductible or taxable when the assets and liabilities are recovered or settled.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In the normal course of business, the Company's income tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessment by these taxing authorities. Accordingly, the Company believes that it is more likely than not that it will realize the benefits of tax positions it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative probability threshold in accordance with FASB ASC 740. Differences between the estimated and actual amounts determined upon ultimate resolution, individually or in the aggregate, are not expected to have a material adverse effect on the company's financial position. The Company believes its tax positions are all highly certain of being upheld upon examination. As such, the Company has not recorded a liability for unrecognized tax benefits. As of December 31, 2017, tax years 2014, 2015, 2016 and 2017 remain open for examination by the IRS and California. The Company has received no notice of audit from the Internal Revenue Service or California for any of the open tax years.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 8 – DEBT</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b> </b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Cash Call, Inc.</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On March 19, 2018 the Company issued a promissory note to CashCall, Inc. for $75,000 of cash consideration. The note bears interest at 94%, matures on May 1, 2028. The Company also recorded a $7,500 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $209 of the debt discount into interest expense leaving a remaining total debt discount on the note of $7,291 as of June 30, 2018. </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>On Deck Capital</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On April 4, 2018 the Company issued a promissory note to On Deck for $35,000 of cash consideration. The note bears interest at 94%, matures on January 6, 2019. The Company also recorded a $14,140 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $4,451 of the debt discount into interest expense leaving a remaining total debt discount on the note of $9,689 as of June 30, 2018. </p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>NOTE 9 – SUBSEQUENT EVENTS</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Management has evaluated the subsequent events through August 13, 2018, the date which the financial statements were available to be issued noting no items, except the following, that would impact the accounting for events or transactions in the current period or require additional disclosures.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><u>Common stocks sold with a promise to deliver title to Plot of Land and Warrants</u></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>On July 12, 2018, the Company issued 30,000 shares of common stock to a third-party investor for cash proceeds of $15,000.</font></p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>Nature of Operations</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>International Land Alliance, Inc. (the "Company") was incorporated under the laws of the State of Wyoming on September 26, 2013 (inception). The Company is a residential land development company with target properties located in the Baja California, Norte region of Mexico. The Company has a 100% equity interest in International Land Alliance, S.A. de C.V., a corporation organized in Mexico. The Company's principal activities are purchasing properties, obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building plots, securing financing for the purchase of the plots, improving the properties infrastructure and amenities, and selling the plots to homebuyers, retirees, investors and commercial developers.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Going Concern</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has generated recurring losses and a working capital deficit and anticipates future losses in the development of its business raising substantial doubt about the Company's ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or issuance of common shares. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Basis of Presentation</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The consolidated financial statements presented in this report are the financial reports of International Land Alliance, Inc. </font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP).</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The consolidated financial statements present the Balance Sheet, Statements of Operations, Shareholders' Deficit and Cash Flows of the Company. These consolidated financial statements are presented in United States dollars. The accompanying audited, consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim periods have been made and are of a recurring nature unless otherwise disclosed herein.</font></p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Principles of Consolidation</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiary International Land Alliance, S.A. de C.V., a company incorporated in Mexico ("ILA Mexico"). ILA Mexico has no assets, no liabilities and minimal expenses as of June 30, 2018. All intercompany balances and transactions are eliminated in consolidation.</font></p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Use of Estimates</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) 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. The Company regularly evaluates estimates and assumptions related to the valuation of accounts receivables, valuation of long-lived assets, accounts payable and accrued liabilities. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</font></p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Cash and Cash Equivalents</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. The Company did not have any cash equivalents as of June 30, 2018 or December 31, 2017.</font></p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u><font style='background:white'>Fair value of Financial Instruments and Fair Value Measurements</font></u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><font style='background:white'>ASC 820, "<i>Fair Value Measurements and Disclosures", </i>requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:</font></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 1</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 2</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><i>Level 3</i></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company's financial instruments consist principally of cash, accounts payable, accrued liabilities, and note payable to a third party. Pursuant to ASC 820, "<i>Fair Value Measurements and Disclosures" </i>and ASC 825, "<i>Financial Instruments",</i> the fair value of our cash equivalents is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The following table presents assets and liabilities that were measured and recognized at fair value as of June 30, 2018 on a recurring basis:</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td colspan="12" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b><i><u>Revenue Recognition</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>Net revenue includes product sales, less excise taxes and customer programs and incentives. The Company recognizes revenue by applying the following steps in accordance with Accounting Standards Codification ("ASC") Topic 606 – <i>Revenue from Contracts with Customers</i>: (i) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation is satisfied.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Income Taxes</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "<i>Income Taxes"</i>. The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company follows the provisions of ASC 740, "<i>Income Taxes</i>". When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Management makes estimates and judgments about our future taxable income that are based on assumptions that are consistent with our plans and estimates. Should the actual amounts differ from our estimates, the amount of our valuation allowance could be materially impacted. Any adjustment to the deferred tax asset valuation allowance would be recorded in the income statement for the periods in which the adjustment is determined to be required. The Company does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Earnings (Loss) Per Share</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company computes net earnings (loss) per share in accordance with ASC 260, "<i>Earnings per Share"</i>. ASC 260 requires presentation of both basic and diluted net earnings per share ("EPS") on the face of the statement of operations. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. At June 30, 2018 and December 31, 2017, total warrants issued and outstanding convertible into common stock amounted to 827,000 shares and 848,000 shares, respectively.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Concentration of Credit Risk</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts through June 30, 2018 and December 31, 2017. The Company's bank balance did not exceed FDIC insured amounts at June 30, 2018 or at December 31, 2017, respectively.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b><i><u>Recent Accounting Pronouncements</u></i></b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In January 2017, the FASB issued ASU 2017-01, <i>Business Combinations (Topic 805): Clarifying the Definition of a Business</i>, which clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard will be effective for the Company in the first quarter of 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In November 2016, the FASB issued Accounting Standards Update No. 2016-18, "<i>Statement of Cash Flows (Topic 230): Restricted Cash" ("ASU 2016-18")</i>. The new guidance is intended to reduce diversity in practice by adding or clarifying guidance on classification and presentation of changes in restricted cash on the statement of cash flows. ASU 2016-18 is effective for annual and interim periods beginning after December 15, 2017. Early adoption is permitted. The amendments in this update should be applied retrospectively to all periods presented. The Company is currently evaluating the impact of adopting ASU 2016-18 noting it will only impact the Company to the extent it has restricted cash in the future.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In June 2016, the FASB issued Accounting Standards Update ("ASU") 2016-13, "<i>Financial Instruments - Credit Losses </i>(Topic 326)." The new standard amends guidance on reporting credit losses for assets held at amortized cost basis and available-for-sale debt securities. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating this guidance to determine the impact it may have on its financial statements.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In February 2016, the FASB issued ASU 2016-02, "<i>Leases </i>(Topic 842)." The objective of this update is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods and is to be applied utilizing a modified retrospective approach. The Company is currently evaluating this guidance to determine the impact it may have on its financial statements.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>Cash Call, Inc.</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On March 19, 2018 the Company issued a promissory note to CashCall, Inc. for $75,000 of cash consideration. The note bears interest at 94%, matures on May 1, 2028. The Company also recorded a $7,500 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $209 of the debt discount into interest expense leaving a remaining total debt discount on the note of $7,291 as of June 30, 2018. </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'><b>On Deck</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>On April 4, 2018 the Company issued a promissory note to On Deck for $35,000 of cash consideration. The note bears interest at 94%, matures on January 6, 2019. The Company also recorded a $14,140 debt discount due to origination fees due at the beginning of the note. During the six months ended June 30, 2018, the company amortized $4,451 of the debt discount into interest expense leaving a remaining total debt discount on the note of $9,689 as of June 30, 2018.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Commitment to purchase land</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>The Company anticipates transfer of ownership title to the resort properties in Baja, California, to the Company over the next sixty days. The two land projects consisting of 497 acres and 20 acres to be acquired and developed into Oasis Park resort near San Felipe, Baja and Valle Divino resort in Ensenada, is subject to approval by the Mexican government in Baja, California. The Company has promised to transfer title to the plots of land to the investors who have invested in the Company once the Company receives an approval of change in transfer of title to the Company.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'>On October 2, 2017, the Company entered into an agreement to purchase five (5) plots of land for $206,250 that it originally sold to a third-party investor on September 1, 2016 (Note 3). The Company paid the remaining balance $100,000 owed to this third-party investor on February 28, 2018 (Note 8). </p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'><b>Litigation Costs and Contingencies</b></p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>From time to time, the Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. Other than as set forth below, management is currently not aware of any such legal proceedings or claims that could have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results.</p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'>In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received. If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss.</p>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style='width:100.0%'> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td colspan="12" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>The following table presents assets and liabilities that were measured and recognized at fair value as of December 31, 2017 on a recurring basis:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 1</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 2</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'>Level 3</p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="55%" valign="top" style='width:55.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>None</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%'> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'><b> </b></p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Balance</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Balance</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:1.0pt'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:1.0pt'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="3" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:8.0pt'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center;text-indent:8.0pt'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Relative fair market value of plots of land sold</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>381,550</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>278,061</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Payable to an investor/shareholder</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>100,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="top" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total Accrued expenses</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>381,550</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>378,061</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;background:white'> </p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%'> <tr align="left"> <td width="40%" valign="bottom" style='width:40.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Number of</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Warrants</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Weighted</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Average</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Exercise</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Price</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Weighted</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Average</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Remaining</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Contract Term</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>(Year)</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Aggregate</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Intrinsic</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>Value</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="top" style='border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at December 31, 2016</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,617,333</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.53</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.54</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>206,586</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Granted</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercised</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Forfeit/Canceled</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(1,617,333</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.53</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at December 31, 2017</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.60</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>132,548</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercisable at December 31, 2017</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>848,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Granted</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>509,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.27</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Exercised</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(80,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Forfeit/Canceled</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(450,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="40%" valign="top" style='width:40.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Outstanding at June 30, 2018</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>827,000</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.34</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>0.31</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>141,696</p> </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Deferred:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Federal</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(447,570</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(404,177</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>State</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Change in valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>447,570</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>404,177</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Income tax expense (benefit)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Book Income (loss)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>State taxes</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>-21</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>%</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Tax expense at actual rate</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
<!--egx--><p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:justify;background:white'> </p> <div align="center"> <table border="1" cellspacing="0" cellpadding="0" width="85%" style='width:85.0%;border:solid windowtext 1.0pt'> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2017</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;padding:0'> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>June 30,</b></p> <p align="center" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:center'><b>2018</b></p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Deferred tax assets:</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td colspan="2" valign="bottom" style='border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Net operating loss carry forward</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Total gross deferred tax assets</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Less - valuation allowance</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(2,131,286</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>(1,924,653</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:white;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>)</p> </td> </tr> <tr align="left"> <td width="70%" valign="bottom" style='width:70.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>Net deferred tax assets</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'>$</p> </td> <td width="12%" valign="bottom" style='width:12.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p align="right" style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt;text-align:right'>—</p> </td> <td width="1%" valign="bottom" style='width:1.0%;border:solid windowtext 1.0pt;background:#CCEEFF;padding:0'> <p style='margin-right:0in;margin-left:0in;margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> </table> </div>
381550
378061
30000
66360
25706
75000000
100000
0.001
0001657214
2018-01-01
2018-06-30
0001657214
2018-06-30
0001657214
2017-12-31
0001657214
2018-04-01
2018-06-30
0001657214
2017-04-01
2017-06-30
0001657214
2017-01-01
2017-06-30
0001657214
2016-12-31
0001657214
2017-06-30
iso4217:USD
xbrli:shares
iso4217:USD
shares
See Note 5.
$0.001 par value; 100,000 shares authorized; 28,000 shares issued and outstanding.
$0.001 par value; 75,000,000 shares authorized; 15,433,901 shares issued and outstanding at June 30, 2018.
$0.001 par value; 75,000,000 shares authorized; 14,319,901 shares issued and outstanding at December 31, 2017.