Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Stock Option Issued for Related Parties

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

 

    Options  
David Phipps, President, CEO, and Director     100,000  
Theresa Carlise, CFO     50,000  
Hector Delgado, Director     25,000  

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the six months ended June 30, 2018 is as follows:

 

    Number of Options     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Balance at January 1, 2018     285,667     $ 1.90       8.52  
Granted     275,000       1.54       3.01  
Exercised     -       -       -  
Forfeited     -       -       -  
Cancelled     -       -       -  
Balance outstanding at June 30, 2018     560,667     $ 1.72       5.81  
Balance exercisable at June 30, 2018     285,667       1.90       8.52  
Weighted average fair value of options granted during the period     275,000     $ 1.54       3.01