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CAPITAL STOCK
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
CAPITAL STOCK

NOTE 8 – CAPITAL STOCK

The authorized capital of the Company is 100,000,000 common shares with a par value of $0.001 per share.

During the period from October 13, 2016 (Inception) to December 31, 2016, the Company sold 720,000 shares of its common stock for $1.25 per share and issued 14,934,000 shares to the Company's founders for $14,934 and issued 100,000 shares valued at $125,000 for a license agreement.

During the twelve month period ended December 31, 2017, the Company issued 6,733,793 Common Shares as follows:

 

604,371 were issued in the reverse merger transaction
100,000 net shares were issued to founding shareholders
4,640,822 shares were sold to investors for $6,038,900
544,600 valued at $678,625 were issued for legal, advisory and consulting fees
600,000 shares were issued to acquire the use of a patent.  Shares were valued at $750,000
120,000 shares valued at $160,000 were issued to employees as compensation
100,000 shares were issued to Jeff Rann for a licensing agreement
24,000 shares were issued for other purposes

 

At December 31, 2017 and 2016, outstanding and exercisable stock purchase warrants are composed of:

    2016  
   

Number of

shares

   

Weighted Average

Exercise Price

   

Weighted Average

Life Remaining

(Years)

 
                   
Outstanding at December 31, 2015     -     $ -      -  
Granted     720,000       2.50       1.95  
Exercised     -       -       -  
Forfeited or cancelled     -       -       -  
Expired     -       -       -  
Outstanding at December 31, 2016     720,000     $ 2.50       1.95  
Exercisable at December 31, 2016     720,000     $ 2.50       1.95  

 

    2017  
   

Number of

shares

   

Weighted Average

Exercise Price

   

Weighted Average

Life Remaining

(Years)

 
                   
Outstanding at December 31, 2016     720,000     $ 2.50       1.95  
Granted     4,542,315       2.42       1.90  
Exercised     -       -       -  
Forfeited or cancelled     -       -       -  
Expired     -       -       -  
Outstanding at December 31, 2017     5,262,315     $ 2.43       1.77  
Exercisable at December 31, 2017     5,262,315     $ 2.43       1.77