Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY
10. STOCKHOLDERS’ EQUITY

 

The Company’s current Certificate of Incorporation authorizes the Company to issued 100,000,000 shares of Common Stock. As of March 31, 2019, there were 28,844,552 shares of Common Stock outstanding.

 

2019 Equity Transactions

 

During the quarter ended March 31, 2019, the Company issued 172,500 shares of Common Stock upon exercise of common stock warrants.

 

During the quarter ended March 31, 2019, the Company issued 344,553 shares of Common Stock valued at approximately $999,000 in connection with assets acquired in business combinations.

 

During the quarter ended March 31, 2019, the Company issued 228,890 shares of Common Stock upon the cashless exercise of 300,000 common stock options.

 

During the quarter ended March 31, 2019, the Company issued 159,500 shares of Common Stock, valued at approximately $231,000, for employee bonuses accrued at December 31, 2018.

 

During the quarter ended March 31, 2019, the Company issued 50,000 shares of Common Stock, valued at approximately $96,000, for consulting services.

 

2018 Equity Transactions

 

During the quarter ended March 31, 2018, the Company issued 1,446,433 shares of Common Stock upon exercise of common stock warrants.

 

During the quarter ended March 31, 2018, the Company issued 455,000 shares of Common Stock valued at approximately $941,000 in connection with assets acquired in business combinations.

 

During the quarter ended March 31, 2018, the Company issued 391,668 shares of Common Stock upon conversion of $1,175,000 in convertible debt at $3.00 per share.

 

During the quarter ended March 31, 2018, the Company issued 118,334 shares of Common Stock upon the exercise of common stock options.

 

During the quarter ended March 31, 2018, the Company issued 26,000 shares of Common Stock, valued at approximately $108,000, for employee bonuses accrued at December 31, 2017.