Equity (Tables)

3 Months Ended

Mar. 31, 2019

Continuity of the Company’s common stock purchase warrants issued and outstanding is as follows:

	Warrants			Weighted Average Exercise Price
Outstanding at January 1, 2018		35,087,197		$	0.24
Granted		24,829,666			0.11
Exercised		(3,910,000	)		0.09
Expired		(4,940,000	)		0.10
Outstanding at December 31, 2018		51,066,864		$	0.20
Granted		2,250,000			0.10
Exercised		—			—
Expired		(635,000	)		0.07
Outstanding at March 31, 2019		52,681,864		$	0.20

The table below summarizes warrant issuances during the three months ended March 31, 2019 and year ended December 31, 2018:

	March 31,		December 31,
	2019		2018
Warrants granted:
Board of Directors and Advisory Board service		2,000,000		7,750,000
Private placements		—		5,312,500
Pursuant to termination agreements		—		5,250,000
Pursuant to financing arrangements		250,000		3,810,000
Pursuant to consulting agreements		—		2,000,000
Pursuant to acquisition of Bow Energy Ltd., a related party		—		368,000
Deferred salary – CEO, CFO		—		339,166
Total		2,250,000		24,829,666

Expected life was determined based on historical data of the Company.