Note 9- Stock Warrants

12 Months Ended

Dec. 31, 2016

Notes

Note 9- Stock Warrants

Note 9– Stock Warrants

Subsequent to the restructuring of the Company and the spin-out, the Company had warrants to purchase common stock outstanding that were not terminated and have continued as part of the operations as detailed below. The warrants were adjusted for a 1 for 101 stock split due to the spin-out and restructuring plan as authorized. All warrants outstanding as of December 31, 2016 are scheduled to expire at various dates through 2019. A summary of warrants issued, exercised and expired are as follows:

	Shares		Weighted- Average Exercise Price ($)		Weighted- Average Remaining Contractual Term
Outstanding at December 31, 2015		78,462	$	29.55		3.43
Granted		66,666		2.50		2.00
Expired		(2,475)		50.50		-
Outstanding at December 31, 2016		142,653	$	17.42		2.50
Exercisable at December 31, 2016		142,653	$	17.42		2.50