Stockholders' Equity

9 Months Ended

Sep. 30, 2019

NOTE 5 – STOCKHOLDERS’ EQUITY

(A) - Stock issued for cash

Effective February 15, 2019, by mutual agreement, the Company and two shareholders representing 400 shares of common stock of the Company issued in October 2017, cancelled said shares and refunded $410 to the shareholders.

On June 1, 2019, two (2) members of the Board of Directors of the Company were each issued 25,000 of the Company’s common stock with a fair value of $27,027 as compensation for services in such capacity.

On June 1, 2019, two (2) non-executive employees of the Company were each issued 10,000 of the Company’s common stock with a fair value of $10,811 as a bonus for performance.

On June 1, 2019, two (2) non-executive employees of the Company were each issued 5,000 of the Company’s common stock with a fair value of $5,405 as a bonus for performance.

On June 1, 2019, one (1) non-executive employee of the Company was each issued 7,500 of the Company’s common stock with a fair value of $4,054 as a bonus for performance.

(B) - Equity Incentive Plan

On January 30, 2016, the Board of Directors, with the approval of a majority of the shareholders of the Company, adopted the 2016 Equity Incentive Plan (the “Plan”) which will be administered by a committee appointed by the Board.

The Company, under its 2016 Plan, issues options to various officers, directors and consultants. The options vest in equal annual installments over a five-year period. All of the options are exercisable at a purchase price based on the last price of the Company’s common stock on the date of grant and have a term of 10 years.

The following sets forth the options granted and outstanding as of September 30, 2019:

	Number of Options		Weighted Average Exercise price		Granted Options Exercisable		Weighted Average Remaining Contractual Term		Intrinsic value
Options outstanding at December 31, 2018		90,000	$	0.001		90,000		4	$	0
Granted		--		--		--				--
Exercised		--		--		--				--
Forfeited/Expired		--		--		--				--

Options outstanding at September 30, 2019		90,000	$	0.001		90,000		3.25	$	0

EMR Technology Solutions, Inc. 10-Q