5. WARRANTS AND OPTIONS (Tables) - Warrant [Member]

12 Months Ended

Dec. 31, 2015

	Grant Date		December 31, 2015
Risk-free interest rate at grant date		1.63%		1.15%
Expected stock price volatility		139%		129%
Expected dividend payout		–		–
Expected option in life-years		5		4

Warrant activity

	Number of Warrants		Weighted-Average Price Per Share
Outstanding at December 31, 2013	–		–
Granted		282,575	$	.11
Adjusted for variable conversion		721,889		–
Exercised
Canceled or expired
Outstanding at December 31, 2014		1,004,464	$	.03
Granted		543,750		.08
Adjusted for variable conversion		127,566,965		–
Canceled or expired
Outstanding at December 31, 2015		128,571,429	$	.0006

Option activity

	Number of Options			Option Price Per Share
Outstanding at December 31, 2013		–			–
Granted		550,000			1.00
Exercised		–			–
Canceled or expired		(100,000	)		1.00
Outstanding at December 31, 2014		450,000		$	1.00
Granted		–			–


Canceled or expired		(40,000	)		1.00
Outstanding at December 31, 2015		410,000		$	1.00

- 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.

+ References + Details

Apptigo International, Inc. 10-K