NOTE 5 - STOCKHOLDERS’ EQUITY

Series B Convertible Preferred Stock

As of March 31, 2018, 1 share of Series B Convertible Preferred Stock was outstanding.

Series E Preferred Stock

During the three months ended March 31, 2018, 3,570 shares of the Series E Convertible Preferred Stock had been converted to the Company’s Common Stock and 1,942 shares of the Series E Convertible Preferred Stock was outstanding as of March 31, 2018.

Common Stock

During the three months ended March 31, 2018, the Company issued 2,619,485 shares of Common Stock to Note Holders in connection with debt conversions, 218,400 shares of Common Stock were issued to Board members for their services, 3,569,543 shares of Common Stock with respect to the conversion of Series E Convertible Preferred Stock, 17,731 shares of Common Stock in connection with the exercise of a warrant, 250,000 shares of Common Stock issued pursuant to a patent purchase and 175,000 shares of Common Stock issued to consultants.

Common Stock Warrants

As of March 31, 2018, the Company had warrants outstanding to purchase 728,764 shares of Common Stock with a weighted average remaining life of 3.8 years. A summary of the status of the Company’s outstanding stock warrants and changes during the period then ended is as follows:

Common Stock Options

A summary of the stock options as of March 31, 2018 and changes during the period are presented below: