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Warrants
 6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Warrants and Rights Note Disclosure [Abstract]    
Warrants

NOTE 5 - WARRANTS

 

For the six-month period ended June 30, 2019, 16,666 warrants were exercised, See NOTE 4 – SHAREHOLDERS’ EQUITY, none were granted or forfeited.

 

The Company’s outstanding and exercisable warrants as of June 30, 2019 are presented below:

 

  

Number

Outstanding

  

Weighted

Average

Exercise Price

  

Contractual Life

in Years

   Intrinsic Value 
Warrants Outstanding as of December 31, 2018   2,880,141   $0.08    3.74   $782,385 
Warrants granted   -   $-    -    - 
Warrants forfeited   -    -    -    - 
Warrants exercised   (16,666)  $0.01    -    - 
                     
Warrants Outstanding as of June 30, 2019   2,863,475   $0.08    3.08   $1,448,356 

NOTE 6 - WARRANTS

 

In 2017, 87,500 warrants were issued related to common shares sold for cash (See Note 5). Likewise, 28,150 were issued for renewal of convertible debt (see Note 3) and 25,000 warrants were exercised. No warrants were forfeited in 2017.

 

In 2018, 161,538 warrants were issued related to common shares sold for cash (see Note 5), 10,000 were issued for renewal of convertible debt (see Note 3), 405,507 were issued related to the acquisition of Community Specialty Pharmacy, LLC, none were exercised and 435,000 were forfeited.

 

The following table summarizes the assumptions used to estimate the fair value of warrants granted during the years ended December 31, 2018 and 2017:

 

   2018   2017 
Expected dividend yield   0%   0%
Weighted-average expected volatility   231-632%   200%
Weighted-average risk-free interest rate   2.55-2.75%   1.81-1.84%
Expected life of warrants   5-8 years    5 years 

 

The Company’s outstanding and exercisable warrants as of December 31, 2018 and 2017 are presented below:

 

   Number Outstanding   Weighted Average Exercise Price   Contractual Life in Years   Intrinsic Value 
Warrants Outstanding as of December 31, 2016   2,647,446   $0.24    4.24   $930,751 
Warrants granted   115,650   $0.18    5.0    - 
Warrants forfeited   -    -    -    - 
Warrants exercised   (25,000)  $0.01    -    - 
                     
Warrants Outstanding as of December 31, 2017   2,738,096   $0.24    3.28   $937,567 
Warrants granted   577,045   $0.02    7.11      
Warrants forfeited   (435,000)   -    -    - 
Warrants exercised   -    -    -    - 
                     
Warrants Outstanding as of December 31, 2018   2,880,141   $0.08    3.74   $782,385