Summary of the Companys Warrants Activities
The table below summarizes the Companys warrants activities:
|
| Number of Warrant Shares |
|
| Exercise Price Range Per Share |
|
| Weighted Average Exercise Price |
|
| Relative Fair Value at Date of Issuance |
|
| Aggregate Intrinsic Value |
| |||||
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|
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|
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|
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|
|
| |||||
Balance, September 30, 2013 |
|
| |
|
| $ | |
|
| $ | |
|
|
| |
|
| $ | |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted |
|
| 2,310,000 |
|
|
| 2.00 |
|
|
| 2.00 |
|
| $ |
|
|
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canceled |
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
|
|
|
|
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|
|
|
|
|
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|
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|
|
|
|
|
Exercised |
|
| ( | ) |
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expired |
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, December 31, 2013 |
|
| 2,310,000 |
|
| $ | 2.00 |
|
| $ | 2.00 |
|
| $ |
|
| $ | |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earned and exercisable, December 31, 2013 |
|
| 2,310,000 |
|
| $ | 2.00 |
|
| $ | 2.00 |
|
| $ |
|
| $ | |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unvested, December 31, 2013 |
|
| |
|
| $ | |
|
| $ | |
|
| $ | |
|
| $ | |
|