Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.19.3
Warrants
9 Months Ended
Sep. 30, 2019
Warrants and Rights Note Disclosure [Abstract]  
Warrants

NOTE 5 – WARRANTS

 

In 2018, the Company issued warrants exercisable into 3,000,000 shares of common stock. The warrants were fully vested when issued, have an exercise price of $0.30 per share, and expire in 2022. During the nine month ended September 30, 2019, there was a cashless exercise of all of the 3,000,000 warrants. A summary of warrant activity during the nine months ended September 30, 2019 is presented below:

 

    Number of warrants     Weighted Average
Exercise Price
    Contractual Life in Years  
                   
Warrants Outstanding and Exercisable as of December 31, 2018     3,000,000     $ 0.30       4.00  
Granted     -     $ -       -  
Exercised     (3,000,000 )   $ 0.30       -  
Expired     -     $ -       -  
Warrants Outstanding and Exercisable as of September 30, 2019     -     $ -       -