|
A summary of warrant activity
for the periods presented is as follows:
| |
|
|
|
|
Weighted Average |
|
|
|
|
| |
|
Warrants for |
|
|
Weighted |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Common
Shares |
|
|
Average
Exercise Price |
|
|
Contractual
Term |
|
|
Intrinsic
Value |
|
| Outstanding as of December 31, 2015 |
|
|
110,000 |
|
|
$ |
0.72 |
|
|
$ |
2.10 |
|
|
|
- |
|
| Granted |
|
|
50,000 |
|
|
|
0.10 |
|
|
|
4.00 |
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Forfeited, cancelled, expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Outstanding as of December 31, 2016 |
|
|
160,000 |
|
|
$ |
0.53 |
|
|
$ |
1.97 |
|
|
|
5,250 |
|
| Granted |
|
|
5,447,176 |
|
|
|
0.51 |
|
|
|
4.00 |
|
|
|
407,614 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
| Forfeited, cancelled, expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
| Outstanding as of December 31, 2017 |
|
|
5,607,176 |
|
|
$ |
- |
|
|
$ |
- |
|
|
|
- |
|
|