| Summary of the status of warrants |
Common Stock Warrants A summary of the status of the Company’s warrants is presented below. | | | | |
|
| September 30, 2014
| December 31, 2013
|
|
| Number of
| Weighted Average
| Number of
| Weighted Average
|
|
| Warrants
| Exercise Price
| Warrants
| Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 16,900,539
| $ 0.17
| 16,365,209
| $ 0.17
|
| Issued
| 2,515,000
| 0.16
| 4,820,330
| 0.18
|
| Exercised
| (2,040,000)
| 0.13
| (2,785,000)
| 0.16
|
| Cancelled
| (110,037)
| 0.31
| -
| -
|
| Expired
| (5,591,000)
| 0.19
| (1,500,000)
| 0.32
|
|
|
| |
|
|
| Outstanding, end of period
| 11,674,402
| $ 0.16
| 16,900,539
| $ 0.17
|
|
| Warrants outstanding and exercisable |
Warrants outstanding and exercisable by price range as of September 30, 2014 were as follows: | | | | | |
| Outstanding Warrants
| Exercisable Warrants
|
| | Average
| | | |
| | Weighted
| | | |
| | Remaining
| | | Weighted
|
| | Contractual
| Exercise
| | Average
|
| Range of
| Number
| Life in Years
| Price
| Number
| Exercise Price
|
|
|
|
|
|
|
|
| $ 0.12
| 3,439,439
| 1.21
| $ 0.12
| 3,401,939
| $ 0.12
|
| 0.125
| 2,596,097
| 0.73
| 0.125
| 2,596,097
| 0.125
|
| 0.14
| 50,000
| 4.87
| 0.14
| 12,500
| 0.14
|
| 0.15
| 3,265,000
| 2.05
| 0.15
| 3,265,000
| 0.15
|
| 0.17
| 50,000
| 4.50
| 0.17
| 50,000
| 0.17
|
| 0.19
| 150,000
| 3.37
| 0.19
| 125,000
| 0.19
|
| 0.20
| 250,000
| 2.58
| 0.20
| 250,000
| 0.20
|
| 0.22
| 477,004
| 1.87
| 0.22
| 477,004
| 0.22
|
| 0.25
| 707,000
| 3.77
| 0.25
| 707,000
| 0.25
|
| 0.30
| 250,000
| 4.16
| 0.30
| 250,000
| 0.30
|
| 0.33
| 250,000
| 3.75
| 0.33
| 250,000
| 0.33
|
| 0.36
| 39,863
| 2.09
| 0.36
| 39,863
| 0.36
|
| 0.38
| 100,000
| 2.03
| 0.38
| 87,500
| 0.38
|
| 0.40
| 50,000
| 2.19
| 0.40
| 50,000
| 0.40
|
|
|
| |
|
| |
|
| 11,674,402
| 2.01
|
| 11,561,902
| $ 0.16
|
|