Information regarding the warrants for the years ended December 31, 2013 and 2012 is as follows.
| 2013 | 2012 | |||||||||||||||
| Weighted Average | Weighted Average | |||||||||||||||
| Shares | Exercise Price | Shares | Exercise Price | |||||||||||||
| Options/warrants outstanding, beginning of year | 49,500 | $ | 10.00 | 49,500 | $ | 10.00 | ||||||||||
| Options/warrants cancelled | n/a | n/a | ||||||||||||||
| Options/warrants exercised | - | n/a | - | n/a | ||||||||||||
| Options/warrants granted | - | n/a | - | n/a | ||||||||||||
| Options/warrants outstanding, December 31 | 49,500 | $ | 10.00 | 49,500 | $ | 10.00 | ||||||||||
| Options/warrants exercisable, December 31 | 49,500 | $ | 10.00 | 49,500 | $ | 10.00 | ||||||||||
| 2013 | 2012 | |||||||
| Option/warrant price range, December 31 | $ | 10.00 | $ | 10.00 | ||||
| Option/warrant price range, exercised shares | n/a | n/a | ||||||
| Options/warrants available for grant at end of year | - | - | ||||||
| Weighted average fair value of options /warrants granted during the year | n/a | n/a | ||||||