Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.19.1
Warrants (Tables) - Warrant [Member]
3 Months Ended
Mar. 31, 2019
Class of Warrant or Right [Line Items]  
Schedule of assumptions used to estimate fair value warrants granted
    March 31, 2019  
       
Expected dividend yield     0 %
Expected volatility     90 %
Risk-free interest rate     2.40 %
Expected life of options     4.00 years  
Schedule of warrant activity
    Number of Warrants     Weighted
Average
Exercise Price
    Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic
Value
 
Outstanding – December 31, 2018     2,280,000     $ 0.72       3.44          
Exercisable – December 31, 2018     2,280,000     $ 0.72       3.44     $ 0.00  
Granted     50,000     $ 1.06                  
Forfeited or Expired     0     $ 0                  
Outstanding – March 31, 2018     2,330,000     $ 0.73       3.21     $ 0  
Exercisable – March 31, 2018     2,280,000     $ 0.72       3.19     $ 1,132,500  

 

    Number of Warrants     Weighted
Average
Exercise Price per Share
    Weighted Average Contractual Life in Years     Aggregate Intrinsic
Value
 
Outstanding – December 31, 2017     2,232,500     $ 1.36       4.34          
Exercisable – December 31, 2017     2,232,500     $ 1.36       4.34     $       0  
Granted     0     $ 0                  
Forfeited or Expired     0     $ 0                  
Outstanding – March 31, 2018     2,232,500     $ 1.36       4.09     $ 0  
Exercisable – March 31, 2018     2,232,500     $ 1.36       4.09     $ 0