The following table summarizes the outstanding common stock warrants as of December 31, 2013:
December 31, 2013 | ||||||||
Weighted Average | ||||||||
Number of Warrants | Exercise Price | |||||||
Outstanding, January 1, 2013 | 10,050,000 | $ | 0.12 | |||||
Granted | 9,275,800 | 0.31 | ||||||
Exercised | - | - | ||||||
Outstanding, December 31, 2013 | 19,325,800 | $ | 0.21 |