Warrants outstanding at December 31, 2013 were as follows:
| Number | ||||||||||||
| Exercise | of Shares | |||||||||||
| Price | Outstanding | |||||||||||
| Term | per | Under | ||||||||||
|
Date of Issuance |
(Years) | Share | Warrant | |||||||||
|
August 2010 - Warrants issued in private offering |
5 | $ | 1.50 | 974 | ||||||||
|
July 2013 - Warrant issued to MGM |
5 | 3.00 | 3,333 | |||||||||
|
|
|
|||||||||||
| 4,307 | ||||||||||||
|
|
|
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