Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY

NOTE 6 – SHAREHOLDERS’ EQUITY

 

Warrants

 

At March 31, 2017, warrant shares outstanding were as follows:

  

    Shares     Weighted Average
Exercise Price
 
Outstanding December 31, 2016     115,000     $ 8.75  
Issued   $     $  
Exercised            
Outstanding, March 31, 2017   $ 115,000     $ 8.75  

 

All warrants outstanding are exercisable and have a remaining contractual life of 4.7 years. There was no intrinsic value of the outstanding and exercisable warrants at March 31, 2017.