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WARRANTS AND OPTIONS
6 Months Ended
Jun. 30, 2021
Warrants And Options  
WARRANTS AND OPTIONS

Note 9 – WARRANTS AND OPTIONS

 

As of December 31, 2019, the Company had fifty million warrants with an exercise price of $0.001 and a three-year expiration issued and outstanding to three members of our Advisory Board who were added to that newly created committee during March - April 2019. Additionally, we issued ten million warrants with a strike price of $0.005 and a three-year expiration to EDGE FiberNet, Inc. as compensation for strategic consulting. During the year ended December 31, 2019, the Company recognized $16,803 in expense related to these warrants. During the year ended December 31, 2020 the Company issued 328,571,428 warrants to a third-party lender for fees on a loan default. The Company recognized $844,754 in expense related to these warrants. On December 31, 2020, a total of 713,571,428 warrants were outstanding with a weighted average life of 3.87 years and an intrinsic value of $844,754.

 

On March 4, 2021, we issued Dilip Limaye 20,000,000 warrants with a strike price of $0.01 and a three-year expiration as compensation for joining our Advisory Board.

 

On March 20, 2021 the Company issued 100,000,000 warrants with a strike price of $0.01 and a five-year expiration to Online Energy Manager as consideration for a software license.

 

On March 31, 2021 The Company issued 50,000,000 warrants with a strike price of $0.01and an three-year expiration to Energy Intelligence as consideration on the asset purchase.

 

On May 12, 2021, we issued John Conklin 20,000,000 warrants with a strike price of $0.01 and a three-year expiration as compensation for joining our Advisory Board.