Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2017

Summary of Fair Value Assumptions of Warrants

	2017		2016
Risk-free interest rate		-		1.14	%
Expected dividend yield		-		-
Expected term (in years)		-		2 - 5
Expected volatility		-		514	%

Summary of Warrants Outstanding

The following table summarizes warrants outstanding as of December 31, 2017 and 2016, and the related changes during the periods are presented below.

	Weighted
Number of	Average
Warrants	Exercise Price
Balance at December 31, 2015		320,000	$	0.50

Granted		2,600,000		2.77
Exercised		-		-
Forfeited		-		-

Balance at December 31, 2016		2,920,000		2.62

Granted
Exercised		-		-
Forfeited		-		-

Balance at December 31, 2017		2,920,000	$	2.62

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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