| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. |
|
| December 31, 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
|
| 3,149,700
|
| 0.16
|
| 4,820,330
|
| 0.18
|
| Exercised
|
| (2,040,000)
|
| 0.13
|
| (2,785,000)
|
| 0.16
|
| Cancelled
|
| (110,137)
|
| 0.31
|
| -
|
| -
|
| Expired
|
| (8,847,097)
|
| 0.17
|
| (1,500,000)
|
| 0.32
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, end of period
|
| 9,053,005
| $
| 0.16
| | 16,900,539
| $
| 0.17
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of December 31, 2014 were as follows: |
| Outstanding Warrants
|
| Exercisable Warrants
|
|
|
|
|
|
| Average
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
|
|
|
| Average
|
|
| Range of
|
| Number
|
| Contractual Life in Years
|
| Exercise Price
|
| Number
|
| Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.09
|
| 50,000
|
| 4.87
| $
| 0.09
|
| 50,000
| $
| 0.09
|
|
| 0.10
|
| 84,700
|
| 4.94
|
| 0.10
|
| 84,700
|
| 0.10
|
|
| 0.12
|
| 3,489,439
|
| .96
|
| 0.12
|
| 3,464,439
| $
| .12
|
|
| 0.125
|
| 440,000
|
| .77
|
| 0.125
|
| 440,000
|
| 0.125
|
|
| 0.14
|
| 50,000
|
| 4.62
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,665,000
|
| 2.58
|
| 0.15
|
| 2,640,000
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 4.25
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 3.12
|
| 0.19
|
| 87,500
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 2.33
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 477,004
|
| 1.61
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 3.52
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 3.91
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 3.50
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 39,863
|
| 1.84
|
| 0.36
|
| 39,863
|
| 0.36
|
|
| 0.38
|
| 100,000
|
| 1.78
|
| 0.38
|
| 100,000
|
| 0.38
|
|
| 0.40
|
| 50,000
|
| 1.94
|
| 0.40
|
| 50,000
|
| 0.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 9,053,005
|
| 1.72
|
|
|
| 8,990,505
| $
| 0.17
|
|