NOTE 9.

WARRANTS:

Below is a table summarizing the Company’s outstanding warrants for the year ended December 31, 2017:

	Number of Shares		Weighted Average, Exercise Price		Weighted Average, Remaining term
Warrants Outstanding at December 31, 2014		-		-		-
Granted		2,777,777		1.80		4.41
Exercised		-		-		-
Warrants Outstanding at December 31, 2015		2,777,777		1.80		4.41
Granted		1,000,000		6.00		-
Exercised		111,111		1.80		-
Warrants Outstanding at December 31, 2016		2,666,666		1.80		3.90
Granted		-
Exercised		1,666,666		1.80
Warrants Outstanding at December 31, 2017		1,000,000		6.00		2.36

For the year ended December 31, 2017, the Company recorded $2,170,506 as warrant-based expense, and for the year ended December 31, 2016, the Company recorded no warrant-based expense.