SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2018

NOTE 9 — SUBSEQUENT EVENTS

Equity transactions

On April 12, 2018, the Company granted 150,000 options to purchase the Company’s common stock for services at an exercise price of $0.248 per share for five years with 50,000 options vesting immediately and 25,000 options vesting every 90 days thereafter..

In March 2018, two individuals (the “Holders”) holding warrants to purchase an aggregate of 3,188,079 shares of the Company’s Common Stock (the “Warrants”) each delivered a Notice of Cashless Exercise (each, a "Notice") to the Company prior to the March 19, 2018 expiration of the Warrants. The Notices were technically deficient with respect to the proper exercise procedure required by the Warrants. However, the Company agreed to waive the deficiency and permit the cashless exercise of the Warrants, which resulted in the issuance of an aggregate of 146,018 shares of the Company’s Common Stock to the Holders in April 2018.