NOTE 4 - STOCK OPTIONS

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

NOTE 4 - STOCK OPTIONS

NOTE 4 – STOCK OPTIONS 

No stock options were issued or exercised during the six months ended June 30, 2018.

During the six months ended June 30, 2018, the Company issued 3,500,000 warrants as part of a subscription agreement. Each warrant entitles the holder to purchase one share of common stock at a price of $0.325. The warrants expire in five years.  The Company recorded a warrant expense of $1,339,420 equal to the estimated fair value of the warrants at the date of issuance. The fair market value was calculated using the Binomial option price calculation method assuming approximately 2.52% risk-free interest, 0% dividend yield, 443% volatility, exercise price of $0.325 per share with a current market price of $0.385 and an expected life of 5 years.

No stock options were issued or exercised during the six months ended June 30, 2017. 

Stock Warrants and Options
Stock warrants/options outstanding and exercisable on a post reverse split basis on June 30, 2018 are as follows:
Exercise Price per Share	Shares Under Option/warrant		Remaining Life in Years
Outstanding and Exercisable
$0.325		3,500,000		4.58
$0.15		5,220,000		4.25
$0.15		580,000		2.45
$0.05		200,000		4.45
$0.30		200,000		4.45
$0.775		40,000		0.50
$0.70		50,000		0.50
$0.55		60,000		2.00
$0.65		60,000		2.00