Quarterly report pursuant to Section 13 or 15(d)

7. Common Stock

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7. Common Stock
9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Common Stock
  7. Common Stock

 

During the nine months ended September 30, 2018, the Company issued a total of 20,121,608 shares of its common stock as follows:

 

  · The Company issued 7,374,125 shares of its common stock upon the conversion of $474,000 in convertible notes pursuant to the convertible notes at conversion prices of $0.05 to $0.08 per share.

 

  · The Company issued 12,517,773 shares of its common stock upon the exercise of warrants for proceeds of $634,000 at exercise prices of $0.05 to $0.08 per share.

 

  · The Company issued 179,710 shares of its common stock upon the exercise of options for proceeds of $13,000 at exercise prices of $0.07 per share.

 

  · The Company issued 50,000 shares of common stock in exchange for services in aggregate value of $12,000.