SHAREHOLDERS' EQUITY (DEFICIT) (Tables)

3 Months Ended

Mar. 31, 2019

Stockholders Equity Note [Line Items]

Schedule of summary of the outstanding stock options

	Number		Weighted				Weighted
	Of Shares		Average		Weighted		Average		Aggregate
	Underlying		Exercise		Average		Remaining		Intrinsic
	Options		Price		Fair Value		Contractual Life		Value (1)
							(in years)

Outstanding at December 31, 2018		700,000	$	0.10	$	0.05		2.0	$	-

For the period ended March 31, 2019
Granted		-		-		-
Exercised		-		-		-
Expired		-		-		-

Outstanding at March 31, 2019		700,000	$	0.10	$	0.05		1.7	$	-
Outstanding and exercisable at March 31, 2019		575,000	$	0.10	$	0.05		1.7	$	-

(1) The aggregate intrinsic value is based on the $0.063 closing price as of March 31, 2019, for the Company’s Common Stock.

Series A Preferred Stock Warrants

Stockholders Equity Note [Line Items]

Schedule of outstanding stock warrants

			Weighted
	Preferred		Average
	Stock		Exercise
	Warrants		Price

Outstanding and exercisable at December 31, 2018		25,000	$	4.00

For the period ended March 31, 2019
Granted		-		-
Exercised		-		-
Expired		-		-
Outstanding and exercisable at March 31, 2019		25,000	$	4.00

Series B Preferred Stock Warrants

Stockholders Equity Note [Line Items]

Schedule of outstanding stock warrants

			Weighted
	Preferred		Average
	Stock		Exercise
	Warrants		Price

Outstanding and exercisable at December 31, 2018		2,820,000	$	3.00

For the period ended March 31, 2019
Granted		-		-
Exercised		-		-
Expired		-		-
Outstanding and exercisable at March 31, 2019		2,820,000	$	3.00

- 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

InsPro Technologies Corp 10-Q