XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
COMMON STOCK WARRANTS
 3 Months Ended
Mar. 31, 2017
COMMON STOCK WARRANTS  
COMMON STOCK WARRANTS

NOTE 3 – COMMON STOCK WARRANTS

 

Through the year ended December 31, 2014, the Company issued warrants in connection with common stock issued for cash. The following table summarizes all stock warrant activity for the three months ended March 31, 2017:

 

 

 

Shares

 

Weighted- AverageExercise PricePer Share

Outstanding, December 31, 2016

 

 

240,000

 

$

0.125

Granted

 

 

-

 

 

-

Exercised

 

 

-

 

 

-

Forfeited

 

 

-

 

 

-

Expired

 

 

(220,000)

 

$

0.125

 

 

 

 

 

 

 

Outstanding, March 31, 2017

 

 

20,000

 

$

0.125

 

 

The weighted average remaining contractual life of options outstanding as of March 31, 2017 and December 31, 2016, was approximately 0.15 and 0.20 years, respectively. The exercise price of these options was $0.125 and the intrinsic value of the options as of March 31, 2017 and December 31, 2016 is $0, respectively.