NOTE 8 – EQUITY

Equity

On January 18, 2018, the Company issued 100 shares of stock each to 10 non-executive employees of SWK valued at $3,830 based on the current market price at issuance date.

On February 8, 2018 and March 23, 2018, the Company issued 4,825 and 5,115 shares of stock, respectively, in exchange for financial advisory services. The shares are based on the current market price at issuance date with a value of $17,852 and $20,204, respectively.

On March 30, 2018, the Company issued 912 shares of stock for legal services valued at $3,420 based on the current market price at issuance date.

All shares issued during the period ended March 31, 2018 were unrestricted and fully vested.

Options

A summary of the status of the Company’s stock option plans for the fiscal years ended December 31, 2017 and the six months ending June 30, 2018 and changes during the years are presented below (in number of options):

	Number of Options			Average Exercise Price		Average Remaining Contractual Term		Aggregate Intrinsic Value

Outstanding options at January 1, 2017		143,576		$	3.76	1.6 years		$	-0-
Options granted		-			-		-
Options canceled/forfeited		(81,296	)	$	4.80

Outstanding options at December 31, 2017		62,280		$	3.78	2.0 years		$	-0-
Options granted		-
Options exercised		-
Options canceled/forfeited		(6,000	)	$	4.00

Outstanding options at June 30, 2018		56,280		$	3.75	1.5 years		$	-0-

Vested Options:
June 30, 2018:		39,320		$	3.70	1.3 years		$	-0-
December 31, 2017:		34,640		$	3.61	1.8 years		$	-0-

As of June 30, 2018, the unamortized compensation expense for stock options was $41,629. Unamortized compensation expense is expected to be recognized over a weighted-average period of 1.9 years.

Warrants

The following table summarizes the warrants transactions:

	Warrants Outstanding		Weighted Average Exercise Price

Balance, January 1, 2017		203,253	$	5.29
Granted		4,988		4.01
Exercised		-		-
Canceled		-		-
Outstanding and Exercisable December 31, 2017		208,241	$	5.26

Granted		-	$	-
Exercised		-		-
Canceled		-		-
Outstanding and Exercisable June 30, 2018		208,241	$	5.26