| | | | | 2013 | | | | | 2012 | | ||
| | Shares | | Weighted Average Exercise price | | Shares | | Weighted Average Exercise Price | | ||||
| | | | | | | | | | | | | |
Warrants outstanding January 1 | | | 11,712,315 | | $ | 0.83 | | | 11,896,070 | | $ | 0.83 | |
Granted during year | | | 20,780,775 | | | 0.31 | | | - | | | - | |
Exercised | | | - | | | | | | - | | | - | |
Lapsed | | | (11,666,654) | | | 0.83 | | | (183,755) | | | 2.35 | |
Outstanding at December 31 | | | 20,826,436 | | $ | 0.30 | | | 11,712,315 | | $ | 0.83 | |
Weighted average years remaining | | | 4.3 | | | | | | 0.30 | | | | |