Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

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WARRANTS
6 Months Ended
Jun. 30, 2018
Warrants  
WARRANTS

NOTE 7 – WARRANTS

 

At June 30, 2018, warrant shares outstanding were as follows:

 

     

Number of 

Warrants

   

Weighted 

Average 

Exercise 

Price 

 
Outstanding December 31, 2017       115,000     $ 8.75  
Issued              
Exercised              
Outstanding, June 30, 2018       115,000     $ 8.75  

 

In connection with the Company’s underwritten initial public offering in December 2016, the Company issued warrants to the underwriters to purchase up to 115,000 shares of its common stock with an exercise price of $8.75 per share, which warrants expire five years from the date of issuance.

 

There was no intrinsic value of the outstanding and exercisable warrants at June 30, 2018.