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WARRANTS
6 Months Ended
Jun. 30, 2016
WARRANTS  
WARRANTS

NOTE 4 - WARRANTS

 

For the six-month period ended June 30, 2016, 149,583 warrants were issued, and none were exercised or forfeited. The Company’s outstanding and exercisable warrants as of June 30, 2016 are presented below:

 

 

Number

 

Weighted Average

 

Contractual

 

Intrinsic

 

Outstanding

 

Exercise Price

 

Life in Years

 

Value

 

 

 

 

 

 

 

 

 

 

Warrants Outstanding as of December 31, 2015

845,000

 

$

0.61

 

3.77

 

$

435,900

 

 

 

 

 

 

 

 

 

 

Warrants Granted

149,583

 

 

0.42

 

5.00

 

 

-

Warrants Forfeited

-

 

 

-

 

-

 

 

-

Warrants Exercised

-

 

 

-

 

-

 

 

-

 

 

 

 

 

 

 

 

 

 

Warrants Outstanding as of June 30, 2016

994,583

 

$

0.58

 

4.14

 

$

434,566