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Stockholders' Deficiency
 9 Months Ended
Sep. 30, 2015
Equity:  
Stockholders' Deficiency

Note 6 – Stockholders’ Deficiency

 

Warrants

 

Expenses related to warrants issued in conjunction with settlement of certain disputes are included in the condensed consolidated statement of operations.

 

A summary of warrants issued, exercised and expired during the nine months ended September 30, 2015 is as follows:

 

    Shares   Weighted
Average
Exercise
Price		  

Aggregate

Intrinsic

Value

Balance at December 31, 2014   5,586,000   $   .99   $    45,000
Issued   25,000   .12   -
Expired   (906,000)      (1.90)   -
Balance at September 30, 2015   4,705,000   $   .81   $    45,000

 

The warrant for the purchase of 25,000 shares of common stock was issued to a stockholder as additional consideration for a $25,000 loan. See note 8. The fair market value of the warrant was determined to be $0.08 per share, or $2,000.