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12. Stockholders' Equity

3 Months Ended

Mar. 31, 2021

Notes

12. Stockholders' Equity

12. Stockholders’ Equity 

The Company did not sell any shares of its common stock for cash in the first quarter of 2020.

Common stock activity in the first quarter of 2021 consists of the following

·The Company issued 10,000 shares of the Company’s common stock valued at $0.23 per share for services received of $2,300. 

·Common shares of 394,737 were issued upon exercise of 625,000 options on a cashless basis. The intrinsic value of these shares was $150,000 on the date of exercise. 

Stock Purchase Warrants Outstanding

The activity in stock purchase warrants is as follows:

		Number of Warrants		Exercise Prices
Balance December 31, 2019		12,900,123		$0.18-0.22
Issued		5,600,027		$0.18-0.40
Expired		(10,816,789)		$0.20-0.22
Exercised		(1,708,334)		0.20
Balance December 31, 2020 and March 31, 2021		5,975,027		$0.18-0.40

These warrants expire as follows:

Shares	Exercise Price	Expiration Date
375,000	$0.18	December 14, 2023
740,741	$0.18	April 21, 2022
4,859,286	$0.40	August 28, 2022
5,975,027

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- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

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