iCoreConnect Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

COMMON STOCK AND PREFERRED STOCK (Tables)

COMMON STOCK AND PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2018

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number			Exercise		Contractual		Intrinsic
Options Outstanding	of Options			Price		Term in Years		Value

Balance outstanding - July 1, 2016		296,677		$	10.40		1.8	$	-
Granted		-					-
Exercised		-					-
Forfeited/expired		(42,118	)				-
Balance outstanding - June 30, 2017		254,559		$	10.40		1.0	$	-

Exercisable - June 30, 2017		205,889		$	12.47		0.9	$	-

Balance outstanding - July 1, 2017		254,559		$	10.40		1.0	$	-
Granted		-					-
Exercised		-					-
Forfeited/expired		(56,157	)	$	11.51		-
Balance outstanding - December 31, 2017		198,402		$	10.40		0.8	$	-

Exercisable - December 31, 2017		179,683		$	7.81		0.7	$	-

Outstanding - January 1, 2018		198,402		$	10.40		0.7	$	-

Granted		1,300,000		$	0.25		10.2	$	-
Exercised		-
Forfeited/expired		(142,245	)	$	9.05
Outstanding - December 31, 2018		1,356,157		$	0.31		9.8	$	-

Exercisable - December 31, 2018		489,490		$	0.29		9.1	$	-

						Weighted
				Weighted		Average
				Average		Remaining
	Number of			grant date		Years
Nonvested Options	Options			Fair Value		to vest

Nonvested - July 1, 2016		118,632		$	10.40	1.5
Granted		-		$	-
Vested		(27,844	)	$	10.57
Forfeited/expired		(42,118	)	$	-
Nonvested - June 30, 2017		48,670		$	10.40		0.9

Nonvested - June 30, 2017		48,670		$	-
Granted		-		$	-
Vested		(18,719	)	$	4.37
Forfeited/expired		(11,232	)	$	-
Nonvested - January 1, 2018		18,719		$	10.40		0.7

Granted		1,300,000		$	0.13
Vested		452,052		$	0.31
Forfeited/expired		-
Nonvested - December 31, 2018		866,667		$	0.13		1.6

Schedule of stockholders equity note warrants or rights

				Weighted
				Average
	Warrants			Exercise Price

Outstanding at July 1, 2016		4,386,858		$	1.32
Issued		2,281,504		$	1.35
Exercised		-
Expired		(35,259	)
Outstanding at June 30, 2017		6,633,103		$	1.33
Issued		1,009,900		$	1.35
Exercised		-
Expired		-

Outstanding at December 31, 2017		7,643,003		$	1.34

Issued		4,002,646		$	1.35
Exercised		-
Expired		(72,668	)
Outstanding at December 31, 2018		11,572,980		$	1.35

- 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.

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