Marijuana Company of America, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Stockholders Deficit Tables Abstract

The following table summarizes the stock option activity for the years ended December 31, 2018 and 2017:

	Shares		Weighted-Average Exercise Price		Weighted Average Remaining Contractual Term			Aggregate Intrinsic Value
Outstanding at January 1, 2017		1,000,000,000	$	0.005		8.76	$	15,400,000
Granted		-
Forfeitures or expirations		-
Outstanding at December 31, 2017		1,000,000,000	$	0.005		7.76	$		15,400,000
Granted		-
Forfeitures or expirations		-
Outstanding at December 31, 2018		0⁽¹⁾	$	-		-			-
Exercisable at December 31, 2018		0⁽¹⁾	$	-		-		$	-

(1) On February 27, 2019, Donald Steinberg and Charles Larsen cancelled previously issued options to purchase an aggregate of 1,000,000,000 shares at an average exercise price of $0.0005 per share, representing 100% of all previously issued option. (See Subsequent Events, Note 15).

Schedule of Options by Excerise Price Range

The following table presents information related to stock options at December 31, 2018⁽¹⁾:

Options Outstanding(1)

Options Exercisable

Exercise

Price

Number of

Options

Weighted Average

Remaining Life

In Years

Exercisable

Number of

Options

The stock-based compensation expense related to option grants was $450,000 and $600,000 during the year ended December 31, 2018 and 2017, respectively.

Summarizes the Stock Warrant Activity

The following table summarizes the stock warrant activity for the two years ended December 31, 2018:

	Shares			Weighted-Average Exercise Price		Weighted Average Remaining Contractual Term			Aggregate Intrinsic Value
Outstanding at January 1, 2017		-		$	-			$	-
Granted		109,653,846			0.039		5.00		-
Forfeitures or expirations		(10,000,000	)
Outstanding at December 31, 2017		-
Granted		50,846,817			0.037		4.67			52,000
Exercised		(39,633,846	)		0.040		4.26
Forfeitures or expirations		-			-
Outstanding at December 31, 2018		110,846,817		$	0.039		4.18		$	52,000
Exercisable at December 31, 2018		110,846,817		$	0.039		4.18		$	52,000

Schedule of Warrants by Excerise Price Range

The following table presents information related to warrants at December 31, 2017:

Warrants Outstanding

Warrants Exercisable

Exercise

Price

Number of

Warrants

Weighted Average

Remaining Life

In Years

Exercisable

Number of

Warrants

0.04

99,653,846

4.18

99,953,846

- 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