Itsme, now you know that's not entirely correct. The outstanding share count consists of both the float, or free trading issued shares, and the total issued restricted shares. Those are considered the outstanding issued common shares. What you are apparently trying to present, or misrepresent, is the total diluted share count, which would include options awarded and warrants granted that have been not yet exercised (purchased) for one reason or another. They would be considered as part of the shares that would have to be considered the equivalent of outstanding shares should a company be purchased. There are exceptions to those options and warrants actually being exercised, such as granted options or warrants not being exercised by some contractual expiration date or even in some cases being not exercisable due to some legal malfeasance in which they could be surrendered to a company by the grantee or in fact canceled due to a legal proceeding. At that point the fully diluted share count would be adjusted downward to reflect the results of either the expiration, cancelation, or surrender. In the case of NanoLogix I believe the shares listed as outstanding on their website is the total shares issued whether restricted or not, and would not include unexercised options or warrants as they have not resulted in actual issued shares. Have a wonderful day.