The following table presents the warrant activity during 2013 and 2012:
| Weighted | ||||
| Average | ||||
| Warrants | Exercise Price | |||
| Outstanding - December 31, 2011 | 18,519 | $5.10 | ||
| Granted | 1,000 | $10 | ||
| Forfeited/canceled | - | - | ||
| Exercised | - | - | ||
| Outstanding - December 31, 2012 | 19,519 | $5.64 | ||
| Granted | - | |||
| Forfeited/canceled | - | |||
| Exercised | - | |||
| Outstanding- December 31, 2013 | 19,519 | $5.64 | ||
| Exercisable - December 31, 2013 | 19,519 | $5.64 | ||