NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' DEFICIT (Tables)

9 Months Ended

Sep. 30, 2012

A summary of the status of the Company’s outstanding stock options and changes during the period then ended is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2012		30,000,000		$	0.05		4.58
Granted		—			—		—
Exercised		—			—		—
Forfeited		—			—		—
Cancelled		(30,000,000	)		0.05		4.41
Balance outstanding at September 30, 2012		—		$	—		—

Options exercisable at September 30, 2012		—		$	—
Options expected to vest		—
Weighted average fair value of options granted during the nine months ended September 30, 2012				$	—

A summary of the status of the Company’s outstanding stock warrants and changes during the period then ended is as follows:

	Number of Warrants		Weighted Average Exercise Price
Balance at December 31, 2011		36,000,000	$	0.025
Granted		750,000		0.05
Exercised		—		—
Balance at September 30, 2012		36,750,000	$	0.026

Warrants exercisable at September 30, 2012		36,750,000	$	0.026
Weighted average fair value of warrants granted during the nine months ended September 30, 2012			$	—

The following table summarizes the Company’s stock warrants outstanding at September 30, 2012:

	Warrants Outstanding					Warrants Exercisable
	Range of Exercise Price	Number Outstanding at September 30, 2012	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Number Exercisable at September 30, 2012		Weighted Average Exercise Price
$	0.025	36,000,000	2.31 Years	$	0.025		36,000,000	$	0.025
	0.05	750,000	4.61 Years		0.05		750,000		0.05
$	0.026	36,750,000	2.36 Years	$	0.026		36,750,000	$	0.026