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CAPITAL STOCK (Table)

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Outstanding and exercisable stock purchase warrants

At March 31, 2018, December 31, 2017 and 2016, outstanding and exercisable stock purchase warrants consisted of the following:

	2016
	Number of Shares				Weighted Average Exercise Price				Weighted Average Life Remaining (Years)

Outstanding at October 13, 2016			-				-				-
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			4,542,338				2.42				1.90
Exercised			-				-				-
Forfeited or cancelled			-				-				-
Expired			-				-				-
Outstanding at December 31, 2017			5,262,338			$	2.43				1.77
Exercisable at December 31, 2017			5,262,338			$	2.43				1.77

		2018
		Number of Shares				Weighted Average Exercise Price				Weighted Average Life Remaining (Years)

Outstanding at December 31, 2017			5,262,338			$	2.43				1.77
Granted			3,609,822				1.95				5.13
Exercised			-				-				-
Forfeited or cancelled			-				-				-
Expired			-				-				-
Outstanding at March 31, 2018			8,872,160			$	2.23				2.97
Exercisable at March 31, 2018			8,872,160			$	2.23				2.97

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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