| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. | | | | |
|
| March 31, 2015
| December 31, 2014
|
|
| Number of
| Weighted Average
| Number of
| Weighted Average
|
|
| Warrants
| Exercise Price
| Warrants
| Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 9,053,005
| $ 0.17
| 16,900,539
| $ 0.17
|
| Issued
| 412,500
| 0.10
| 3,149,700
| 0.16
|
| Exercised
| 0
| 0.13
| (2,040,000)
| 0.13
|
| Cancelled
| 0
|
| (110,137)
| 0.31
|
| Expired
| (953,112)
| 0.13
| (8,847,097)
| 0.17
|
| Outstanding, end of period
| 8,512,393
| $ 0.16
| 9,053,005
| $ 0.16
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of March 31, 2015 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
|
| 100,000
|
| 3.70
| $
| 0.09
|
| 62,500
| $
| 0.09
|
|
| 0.10
|
| 447,200
|
| 4.87
|
| 0.10
|
| 447,200
|
| 0.10
|
|
| 0.12
|
| 2,886,427
|
| .71
|
| 0.12
|
| 2,821,427
| $
| .12
|
|
| 0.125
|
| 440,000
|
| .52
|
| 0.125
|
| 440,000
|
| 0.125
|
|
| 0.14
|
| 50,000
|
| 4.38
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,465,000
|
| 2.33
|
| 0.15
|
| 2,452,500
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 4.00
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 2.87
|
| 0.19
|
| 87,500
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 2.08
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 477,004
|
| 1.37
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 3.27
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 3.66
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 3.25
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 39,863
|
| 1.59
|
| 0.36
|
| 39,863
|
| 0.36
|
|
| 0.38
|
| 100,000
|
| 1.54
|
| 0.38
|
| 100,000
|
| 0.38
|
|
| 0.40
|
| 50,000
|
| 1.69
|
| 0.40
|
| 50,000
|
| 0.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8,512,393
|
| 1.78
|
|
|
| 8,424,893
| $
| 0.16
|
|