NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' DEFICIT (Tables)

STOCKHOLDERS' DEFICIT (Tables)

3 Months Ended

Jun. 30, 2013

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2012		30,000,000		$	0.05		—
Granted		—			—		—
Exercised		—			—		—
Forfeited		—			—		—
Cancelled		(30,000,000	)		0.05		—
Balance outstanding at December 31, 2012		—		$	—		—

Stock warrants outstanding

Warrants Outstanding							Warrants Exercisable
Exercise Price		Number Outstanding at		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Number Exercisable at		Weighted Average
		December 31,					December 31, 2013		Exercise Price
		2013
$	0.025		36,000,000	1.06 Years	$	0.025		36,000,000	$	0.025
	0.03		750,000	3.36 Years		0.03		750,000		0.03
$	0.025		36,750,000	2.11 Years	$	0.025		36,750,000	$	0.025

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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