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Stock Warrants (Tables)

6 Months Ended

Jun. 30, 2017

Stock Warrants

Summary of Warrants Outstanding, Warrant Exercisability and Related Prices for Shares of Common Stock

The following table summarizes the warrants outstanding, warrant exercisability and the related prices for the shares of the Company’s common stock at June 30, 2017:

				Warrants Outstanding												Warrants Exercisable
Exercise Prices ($)				Number Outstanding				Weighted Average Remaining Contractual Life (Years)				Weighted Average Exercise Price ($)				Number Exercisable				Weighted Average Exercise Price ($)
	5.00				1,000,000				1.47				5.00				1,000,000				5.00

Schedule of Stock Warrants Activity

The warrant activity for the six months ended June 30, 2017 is as follows:

		Warrants Outstanding				Weighted Average Exercise Price
Outstanding at December 31, 2016			1,000,000			$	5
Granted			-				-
Exercised			-				-
Expired or canceled			-				-
Outstanding at June 30, 2017			1,000,000			$	5

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- Definition

Summary Of Warrants Outstanding Warrant Exercisability And Related Prices For Shares Of Common Stock [Table Text Block]

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666

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