This is from last 10Q :
During the period ended April 2, 2017, the
Company entered into agreements to issue warrants to acquire 5,150,000 shares of common stock for celebrities
services to promote
the Company’s business. The warrants were fully vested upon issuance, expire 5 years from the date of issuance, and 5,000,000
of the warrants
are exercisable at $.10 per share and 150,000 of the warrants are exercisable at $.20 per share. The total fair
value of these options at grant date was $531,000 using
the Black-Scholes Option Pricing model with the following assumptions:
life of 5 years; risk free interest rate of 1.73%; volatility of 350% and dividend yield of
0%
