Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.20.2
Warrants
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Warrants

NOTE 7 – WARRANTS

 

At June 30, 2020, warrant shares outstanding were as follows:

 

    Number of
Warrants		     Weighted
Average
Exercise Price		  
Outstanding December 31, 2019     115,000     $ 8.75  
Issued     —       —  
Exercised     —       —  
Outstanding, June 30, 2020 (unaudited)     115,000     $ 8.75  
Exercisable, June 30, 2020 (unaudited)     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 December 2021.

 

There was no intrinsic value of the outstanding and exercisable warrants at June 30, 2020.