The following is a summary of the status of all of the Company’s stock warrants as of December 31, 2013 and changes during the year ended on that date:
|
Number of Warrants |
Weighted-Average Exercise Price |
Weighted-Average Remaining Life (Years) |
||||||||||
| Outstanding at December 31, 2012 | 8,395,304 | $ | 0.48 | 3.71 | ||||||||
| Granted | 6,600,996 | $ | 0.50 | 2.50 | ||||||||
| Exercised | (100,000) | $ | 0.275 | - | ||||||||
| Expired | - | $ | - | - | ||||||||
| Outstanding at December 31, 2013 | 14,896,336 | $ | 0.48 | 2.50 | ||||||||
| Exercisable at December 31, 2013 | 14,896,336 | $ | 0.50 | 2.45 | ||||||||