Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.19.1
Equity (Tables)
9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Schedule of Common Stock Warrants Granted and Outstanding

Summary information regarding common stock warrants granted and outstanding as of September 30, 2018, is as follows:

 

      Warrants    

Weighted Average

Exercise Price

    Weighted average remaining contractual life (years)  
Outstanding at year ended December 31, 2017       35,087,198     $ 0.24       2.15  
Granted       17,454,666       0.11       1.92  
Exercised       (2,910,000 )     0.10        
Expired       (4,900,000 )     0.09        
Outstanding at nine months ended September 30, 2018       44,731,864     $ 0.22       1.17  

Schedule of Warrants Granted During Period

The table below summarizes the warrants granted during the nine month period ended September 30, 2018:

 

    Number of
Warrants
    Exercise
Price
 
Board of Director service     5,750,000     $ 0.10  
Pursuant to acquisition of Bow Energy Ltd., a related party     368,000     $ 0.18  
Note payable issuance     2,590,000     $ 0.10  
Private placements     2,187,500     $ 0.20  
Pursuant to employment termination agreement     3,000,000     $ 0.10  
Pursuant to consulting agreement     2,000,000     $ 0.10  
Pursuant to employment termination agreement     250,000     $ 0.20  
Deferred salary – CEO, former CFO     339,166     $ 0.14  
Pursuant to settlement of loan from a director (Joel Oppenheim)     970,000     $ 0.14  
      17,454,666