CARDAX, INC. | 2013 | FY | 3


The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining Contractual
Term in Years
    Aggregate Intrinsic Value  
Outstanding January 1, 2012     4,182,261     $ 0.45       4.77       -  
Exercisable January 1, 2012     4,182,261     $ 0.45       4.77       -  
Granted     418,470     $ 0.45       5.00          
Exercised     -                          
Forfeited/Cancelled     (906,760 )   $ 0.45                  
Outstanding December 31, 2012     3,693,971     $ 0.45       4.81       -  
Exercisable December 31, 2012     3,693,971     $ 0.45       4.81       -  
Granted     -                          
Exercised     -                          
Forfeited/Cancelled     (298,138 )   $ 0.45                  
Outstanding December 31, 2013     3,395,833     $ 0.45       5.28       -  
Exercisable December 31, 2013     3,395,833     $ 0.45       5.28       -  


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