| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. |
| September 30, 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
| $ 0.16
| 16,900,539
| $ 0.17
|
| Issued
| 6,642,500
| 0.09
| 3,149,700
| 0.16
|
| Exercised
| -
| -
| (2,040,000)
| 0.13
|
| Cancelled
| (96,575)
| 0.14
| (110,137)
| 0.31
|
| Expired
| (1,142,559)
| 0.13
| (8,847,097)
| 0.17
|
| Outstanding, end of period
| 14,456,371
| $ 0.13
| 9,053,005
| $ 0.16
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of September 30, 2015 were as follows: |
| Outstanding Warrants
|
| Exercisable Warrants
|
|
| Range of Exercise Price
|
| Number
| | Average Weighted Remaining Contractual Life in Years
| | Exercise Price
| | Number
| | Weighted Average Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.08
|
| 3,125,000
|
| 4.64
| $
| 0.08
|
| 3,125,000
| $
| 0.08
|
|
| 0.09
|
| 184,110
|
| 4.11
|
| 0.09
|
| 184,110
|
| 0.09
|
|
| 0.10
|
| 3,302,200
|
| 4.77
|
| 0.10
|
| 3,302,200
|
| 0.10
|
|
| 0.12
|
| 2,735,368
|
| 1.38
|
| 0.12
|
| 2,735,368
| $
| .12
|
|
| 0.125
|
| 300,553
|
| .22
|
| 0.125
|
| 300,553
|
| 0.125
|
|
| 0.14
|
| 50,000
|
| 3.87
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,485,274
|
| 2.55
|
| 0.15
|
| 2,485,274
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 3.50
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 2.37
|
| 0.19
|
| 100,000
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 1.58
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 477,004
|
| 1.09
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 2.77
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 3.16
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 2.75
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 39,863
|
| 1.09
|
| 0.36
|
| 39,863
|
| 0.36
|
|
| 0.38
|
| 100,000
|
| 1.03
|
| 0.38
|
| 100,000
|
| 0.38
|
|
| 0.40
|
| 50,000
|
| 1.19
|
| 0.40
|
| 50,000
|
| 0.40
|
|
|
|
| 14,456,371
|
| 1.94
|
|
|
| 14,456,371
| $
| 0.13
|
|