Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Stock Option Cancelled

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 )

Schedule of Exercise of Shares

    Options
Exercised
    Exercise
Price
    Market
Price
    Shares
withheld as
Payment
    Common
Stock
Issued
 
David Phipps     325,000     $ 0.17     $ 0.35       157,857       167,143  
Other     275,000     $ 0.15     $ 0.35       117,858       157,142  
      600,000                       275,715       324,285  

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the three months ended March 31, 2019 is as follows:

 

    Number of
Options
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual Life
(Years)
 
Balance at January 1, 2019     1,185,667     $ 0.66       5.56  
Granted                        
Exercised     (600,000 )     0.16       4.72  
Forfeited                        
Cancelled     -     $ -       -  
Balance outstanding at March 31, 2019     585,667       1.166       5.92  
Options exercisable at March 31, 2019     585,667                  

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding warrants and changes during the three months ended March 31, 2019 is as follows:

 

    Number of
Options
    Weighted
Average Exercise
Price
    Weighted
Average
Remaining
Contractual Life
(Years)
 
Balance at January 1, 2019     60,000     $ 4       2.37  
Granted     -       -       -  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding and exercisable at March 31, 2019     60,000     $ 4       2.12