Note 6 - Equity (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - January 1, 2017		9,664,733		$	1.53
Granted		1,838,442			2.01
Exercised		(790,000	)		2.00
Cancelled/Forfeited		-			-
Outstanding and exercisable - December 31, 2017		10,713,175		$	1.86		2.8	$	2,606,698
Outstanding - January 1, 2018		10,713,175		$	1.86
Granted		180,490			3.00
Exercised		-			-
Cancelled/Forfeited		-			-
Outstanding and exercisable - March 31, 2018		10,893,665		$	1.88		2.6	$	2,861,010

Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - January 1, 2017		2,755,000		$	1.25
Granted		440,000			3.00
Exercised		-			-
Cancelled/Forfeited		(30,000	)		(1.25	)
Outstanding - December 31, 2017		3,165,000		$	1.49			8.5	$	192,850
Exercisable - December 31, 2017		2,750,000		$	1.27			8.2	$	192,850
Outstanding - January 1, 2018		3,165,000		$	1.25
Granted		25,000			3.00
Exercised		-			-
Cancelled/Forfeited		(700,000	)		(1.25	)
Outstanding - March 31, 2018		2,490,000		$	1.58			8.4	$	-
Exercisable - March 31, 2018		2,072,500		$	1.33			8.2	$	-

- 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

Zero Gravity Solutions, Inc. 10-Q