Stockholders' Equity

6 Months Ended

Jun. 30, 2020

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.

(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 June 30, 2020:

	Number of Options		Weighted Average Exercise price		Granted Options Exercisable		Intrinsic value
Options outstanding at December 31, 2019		90,000	$	0.001		90,000	$	0
Granted		--		--		--		--
Exercised		--		--		--		--
Forfeited/Expired		--		--		--		--

Options outstanding at June 30, 2020		90,000	$	0.001		90,000	$	0

EMR Technology Solutions, Inc. 10-Q