Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.19.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Stock Option Cancelled and Issued to Related Parties

The number of options cancelled to our officers and directors were as follows:

 

David Phipps, President, CEO, and Director     (75,000 )
Theresa Carlise, CFO     (37,500 )
Hector Delgado, Director     (18,750 )

 

The number of options issued to our officers and directors were as follows:

 

    Options  
David Phipps, President, CEO, and Director     325,000  
Theresa Carlise, CFO     162,500  
Hector Delgado, Director     68,750  

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the years ended December 31, 2018 and 2017, is as follows:

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2017     85,667     $ 3.00       9.10  
Granted     200,000       1.50       9.40  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2017     285,667     $ 1.95       9.01  
Options exercisable at December 31, 2017     285,667     $ 1.95       9.01  
Weighted average fair value of options granted during the period           $ 1.95          
                         
Balance at January 1, 2018     285,667     $ 1.95       9.01  
Granted     1,106,250     $ 0.50       4.35  
Exercised     -                  
Forfeited                        
Cancelled     (206,250 )   $ 1.54       2.50  
Balance outstanding at December 31, 2018     1,185,667     $ 0.66       5.56  
Options exercisable at December 31, 2018     1,185,667                  
Weighted average fair value of options granted during the period           $ 0.50          

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding stock warrants and changes during the years ended December 31, 2018 and 2017, is as follows:

 

    Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2017     33     $ 675       1.36  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited (expired May 19, 2017)     (33 )     (675 )     -  
Cancelled     -       -       -  
Balance at December 31, 2017     -     $ -       -  
                         
Balance at January 1, 2018     -     $ -       -  
Granted     60,000       4       2.37  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at December 31, 2018     60,000     $ 4       2.37