4. Warrants (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

	Number of CCI Warrants		Number of Wytec Warrants
Balance, December 31, 2015		87,571,429		2,805,672
Warrants granted		–		4,680,608
Warrants exercised		–		207,000
Warrants repurchased		87,571,429		–
Warrants expired		–		170,000
Balance, December 31, 2016		–		7,109,280

Warrants granted		–		69,000
Warrants exercised		–		1,126,674
Warrants repurchased		–		–
Warrants expired		–		163,727

Balance, June 30, 2017		–		5,887,879

Exercisable, June 30, 2017		–		5,887,879

- 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

COMPETITIVE COMPANIES INC 10-Q