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)

12 Months Ended

Dec. 31, 2012

Outstanding stock options and changes during the period then ended

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2011		—	$	—		—
Granted		30,000,000		0.05		5.0
Exercised		—		—		—
Forfeited		—		—		—
Cancelled		—		—		—
Balance outstanding at December 31, 2011		30,000,000	$	0.05		4.33

Options exercisable at December 31, 2011		—	$	—
Options expected to vest		—
Weighted average fair value of options granted during the year ended December 31, 2011			$	0.05

Balance at January 1, 2012		30,000,000	$	0.05		4.33
Granted		—		—		—
Exercised		—		—		—
Forfeited		—		—		—
Cancelled		(30,000,000)		0.05		4.16
Balance outstanding at December 31, 2012		—	$	—		—

Options exercisable at December 31, 2012		—	$	—
Options expected to vest		—
Weighted average fair value of options granted during the year ended December 31, 2012			$	—

Outstanding stock warrants and changes during the period then ended

	Number of Warrants		Weighted Average Exercise Price
Balance at January 1, 2011		41,000,000	$	0.025
Granted		—		—
Exercised		(5,000,000)		0.025
Balance at December 31, 2011		36,000,000	$	0.025
Granted		750,000		0.05
Exercised		—		—
Balance at December 31, 2012		36,750,000	$	0.026

Warrants exercisable at December 31, 2012		36,750,000	$	0.026

The Company's stock warrants outstanding

	Warrants Outstanding					Warrants Exercisable
Range of Exercise Price		Number Outstanding at	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Number Exercisable at		Weighted Average Exercise Price
		December 31,				December 31, 2012
		2012
$	0.025	36,000,000	2.06 Years	$	0.025		36,000,000	$	0.025
	0.05	750,000	4.36 Years		0.05		750,000		0.05
$	0.026	36,750,000	2.11 Years	$	0.026		36,750,000	$	0.026

- 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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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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