Annual report pursuant to Section 13 and 15(d)

Stock Purchase Warrants

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Stock Purchase Warrants
12 Months Ended
Dec. 31, 2017
Stock Purchase Warrants [Abstract]  
STOCK PURCHASE WARRANTS
8. STOCK PURCHASE WARRANTS

 

A summary of the status of the Company’s outstanding stock warrants as of December 31, 2017 is as follows:

 

            Weighted Average  
            Exercise Price  
  Outstanding January 1, 2016     2,607,801     $ .70  
  Granted/issued     2,635,000       .70  
  Exercised     (1,357,072 )     .70  
  Forfeited     -0-       -0-  
  Outstanding December 31, 2016     3,885,729     $ .70  
  Granted/issued     2,475,000     $ 2.55  
  Exercised     (2,755,001 )   $ .70  
  Forfeited     -          
  Outstanding December 31, 2017     3,605,728     $ 1.84