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

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the year ended December 31, 2016 is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2015		60,000		$	0.015		3.06
Recapitalization February 19, 2015		2,150,000			0.05		6.14
Granted		700,000			0.05		9.98
Exercised		-			-		-
Forfeited		(60,000	)		0.015		-
Cancelled		-			-		-
Balance outstanding at December 31, 2015		2,850,000		$	0.05		7.08
Options exercisable at December 31, 2015		2,850,000		$	0.05
Weighted average fair value of options granted during the period				$	0.05

Balance at January 1, 2016		2,850,000		$	0.05		7.08
Granted		10,000,000			0.01		9.96
Exercised		-			-		-
Forfeited		-			-		-
Cancelled		-			-		-
Balance outstanding at December 31, 2016		12,850,000		$	0.02		9.10
Options exercisable at December 31, 2016		12,850,000		$	0.02		9.10
Weighted average fair value of options granted during the period				$	0.02

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding stock warrants and changes during the year ended December 31, 2016 is as follows:

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2015		-		$	-		-
Recapitalization at February 19, 2015		171,666			3.77		1.36
Granted		-			-		-
Exercised		-			-		-
Forfeited		(166,666	)		3.75		-
Cancelled		-			-		-
Balance at December 31, 2015		5,000		$	4.50		1.36

Balance at January 1, 2016		5,000		$	4.50		1.36
Granted		-			-		-
Exercised		-			-		-
Forfeited					-		-
Cancelled		-			-		-
Balance outstanding at December 31, 2016		5,000		$	4.50		0.35

Summary of Stock Warrants Outstanding

The following table summarizes the Company’s stock warrants outstanding at December 31, 2016:

Warrants Outstanding								Warrants Exercisable
Exercise Price		Number Outstanding at December 31, 2016		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable at December 31, 2016		Weighted Average Exercise Price
$	4.50		5,000		0.35 Years	$	4.50		5,000	$	4.50

- 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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