| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. | | | | | | | | |
|
|
| December 31, 2016
|
| December 31, 2015
|
|
|
| Number of
|
| Weighted Average
|
| Number of
|
| Weighted Average
|
|
|
| Warrants
|
| Exercise Price
|
| Warrants
|
| Exercise Price
|
| Outstanding, beginning of year
|
| 14,705,818
| $
| 0.13
|
| 9,053,005
| $
| 0.16
|
| Issued
|
| 20,350,000
|
| 0.08
|
| 7,192,500
|
| 0.09
|
| Exercised
|
| 0
|
| -
|
| 0
|
| -
|
| Cancelled
|
| 0
|
| -
|
| (96,575)
|
| 0.14
|
| Expired
|
| (2,983,917)
|
| 0.14
|
| (1,443,112)
|
| 0.13
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, end of period
|
| 32,071,901
| $
| 0.10
|
| 14,705,818
| $
| 0.13
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of December 31, 2016 were as follows: | | | | | | | | | | | |
|
| Outstanding Warrants
|
| Exercisable Warrants
|
|
|
|
|
|
| Average
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
|
|
|
| Average
|
|
| Range of
|
| Number
|
| Contractual Life in Years
|
| Exercise Price
|
| Number
|
| Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.05
|
| 1,250,000
|
| 4.70
| $
| 0.05
|
| 1,250,000
| $
| 0.05
|
|
| 0.08
|
| 18,625,000
|
| 4.23
|
| 0.08
|
| 18,625,000
|
| 0.08
|
|
| 0.09
|
| 309,110
|
| 3.11
|
| 0.09
|
| 309,110
|
| 0.09
|
|
| 0.10
|
| 7,327,200
|
| 3.99
|
| 0.10
|
| 7,327,200
|
| 0.10
|
|
| 0.12
|
| 99,041
|
| 2.17
|
| 0.12
|
| 99,041
|
| 0.12
|
|
| 0.14
|
| 50,000
|
| 2.62
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,485,274
|
| 1.30
|
| 0.15
|
| 2,485,274
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 2.25
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 1.46
|
| 0.19
|
| 100,000
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 0.33
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 269,276
|
| 1.75
|
| 0.22
|
| 269,276
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 1.52
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 1.90
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 1.50
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.38
|
| 50,000
|
| 0.01
|
| 0.38
|
| 50,000
|
| 0.38
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 32,071,901
|
| 1.79
|
|
|
| 32,071,901
| $
| 0.10
|
|