Quarterly report pursuant to Section 13 or 15(d)

CAPITAL STOCK

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CAPITAL STOCK
9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
CAPITAL STOCK

NOTE 7 — CAPITAL STOCK

 

Common stock

 

During the nine months ended September 30, 2018, the Company issued 350,000 shares of common stock for employee stock compensation that was granted in 2017. The expense for these shares is being amortized over the applicable vesting period.

 

During the nine months ended September 30, 2018, the Company issued an aggregate of 156,338 shares of its common stock to service providers at an aggregate fair value of $195,375.

 

During the nine months ended September 30, 2018, the Company returned to authorized and cancelled 189,020 previously acquired common stock treasury shares with a carrying value of $249,265.

 

During the nine months ended September 30, 2018, the Company cancelled 71,667 shares of common stock previously issued to a service provider.