|9 Months Ended|
Sep. 30, 2018
NOTE 10 – WARRANTS
During the nine months ended September 30, 2018 and 2017, the Company issued warrants to purchase 7,209,974 and 1,189,280 shares of common stock, respectively, at exercise prices ranging from $0.30 to $4.30 per share in 2018 and $0.40 to $0.62 per share in 2017. These warrants generally expire three or five years from issuance date. The Company recorded the fair value of these warrants, based on the market value of the Company’s common stock on the issuance dates, of approximately $14,237,000 in 2018 and $344,000 in 2017.
During the nine months ended September 30, 2018, warrants to purchase 2,057,462 shares of common stock were exercised, at exercise prices ranging from $0.10 to $0.50 per share. No warrants were exercised during the same period in 2017.
At September 30, 2018, warrants to purchase 9,397,823 shares of common stock were outstanding at exercise prices ranging from $0.12 to $4.30 per share.