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STOCKHOLDER'S EQUITY
 9 Months Ended
Oct. 31, 2011
STOCKHOLDER'S EQUITY

15.  STOCKHOLDER’S EQUITY

 

In the quarter ended April 30, 2011, the Company issued 1,350,000 common shares, bringing the total outstanding shares to 28,985,774. A total of 350,000 shares were issued to Kanehoe Advisors and 1,000,000 shares were issued in connection with the acquisition of Aligned Healthcare Group, Inc. (see Note 18). The 1,350,000 shares were valued at $273,000 based on the fair value of shares at issuance date.

 

On Aug 2, 2011, Apollo Medical Holdings, Inc. ("Apollo") acquired Pulmonary Critical Care Management, Inc. ("PCCM"), a provider of management services to the Los Angeles Lung Center, as well as the formation of its new Division of Pulmonary and Critical Care Medicine. In exchange for a 100% ownership interest in PCCM, Apollo issued 350,000 common shares to the shareholders of PCCM. The 350,000 shares were valued at $70,000 based on the fair value of shares at issuance date.

 

Warrants outstanding

 

No warrants were issued by the Company during the nine-months ended October 31, 2011.

 

    Aggregate     Number of  
    intrinsic value     warrants  
Outstanding at January 31, 2011   $ -       1,655,333  
Granted     -       -  
Exercised     -       -  
Cancelled     -       (113,333 )
                 
Outstanding at October 31, 2011   $ -       1,542,000  

 

            Weighted average           Weighted  
      Warrants     remaining     Warrants     Weighted average  
Exercise Price     outstanding     contractual life     Exercisable     exercise price  
$ 1.500       42,000       0.03       42,000     $ 1.50  
$ 0.125       1,250,000       3.00       1,250,000     $ 0.125  
$ 0.125       250,000       3.00       250,000     $ 0.125  

 

 

Options outstanding

 

Stock option transactions under the Company’s stock option plans for the nine-months ended October 31, 2011 are summarized below:

 

          Weighted            
          Average            
          Per Share     Weighted Average      
          Exercise     Remaining   Aggregate  
    Shares     Price     Contractual Term   Intrinsic Value  
Balance, January 31, 2011     1,150,000     $ 0.15           -  
Granted     -       -              
Exercised     -       -              
Expired     -       -              
Forfeited     -       -              
Balance, October 31, 2011     1,150,000     $ 0.15     9.1 years   $ 12,833  
                             
Exercisable, October 31, 2011     666,616     $ 0.15     9.1 years   $ 12,833  

 

The Company did not issue any stock options during the nine-months ended October 31, 2011 and 2010, respectively.