Stock Options and Warrants (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

	Number of Options		Weighted Average Exercise Price
Options
Balance at December 31, 2017		448,000	$	1.45
Granted		—		—
Exercised		—		—
Expired		—		—
Balance at June 30, 2018		448,000	$	1.45
Options Exercisable at June 30, 2018		425,650	$	1.45

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

	Number of Warrants		Weighted Average Exercise Price
Warrants
Balance at December 31, 2017		—	$	—
Granted		1,600,000		1.20
Exercised		—		—
Expired		—		—
Balance at June 30, 2018		1,600,000	$	1.20
Warrants Exercisable at June 30, 2018		1,600,000	$	1.20

- 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

Vegalab, Inc. 10-Q