STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2020

STOCKHOLDERS' EQUITY

NOTE 4 – STOCKHOLDERS’ EQUITY:

(a)

Common Stock

During the first three months of 2020 and 2019, there were no options exercised.

(b)

Preferred Stock

The Company has 10,000,000 shares of preferred stock authorized, none of which are outstanding. These shares can become issuable upon an approved resolution by the Board and the filing of a Certificate of Designation with the State of Nevada.

(c)

Treasury Stock

The Company has 31,486 shares of treasury stock for restricted stock awards, remitted to satisfy tax withholding requirements.

(d)

Options, Restricted Stock and Restricted Stock Units

The Board or its Compensation Committee may grant options, restricted stock, and restricted stock units pursuant to equity incentive plans that have been approved by Chembio’s stockholders.

(e)

Warrants

As of March 31, 2020, the Company has 550,000 warrants outstanding to purchase shares of common stock as further discussed in Note 7 – Warrants.