| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. | | | | |
|
| March 31, 2016
| December 31, 2015
|
|
| Number of Warrants
| Weighted Average Exercise Price
| Number of Warrants
| Weighted Average Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 14,705,818
| $ 0.13
| 9,053,005
| $ 0.16
|
| Issued
| 1,175,000
| 0.10
| 7,192,500
| 0.09
|
| Exercised
| -
| -
| -
| -
|
| Cancelled
| -
| -
| (96,575)
| 0.14
|
| Expired
| (100,000)
| 0.12
| (1,443,112)
| 0.13
|
| Outstanding, end of period
| 15,780,818
| $ 0.13
| 14,705,818
| $ 0.13
|
|
| Warrants outstanding and exercisable (Tables) |
Warrants outstanding and exercisable by price range as of March 31, 2016 were as follows: | | | | | | | | | | | |
|
| Outstanding Warrants
|
| Exercisable Warrants
|
|
| Range of
|
| Number
|
| Average Weighted Remaining Contractual Life in Years
|
| Exercise Price
|
| Number
|
| Weighted Average Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.08
|
| 3,225,000
|
| 4.41
| $
| 0.08
|
| 3,225,000
| $
| 0.08
|
|
| 0.085
|
| 50,000
|
| 4.02
|
| 0.085
|
| 50,000
|
| 0.085
|
|
| 0.088
|
| 50,000
|
| 4.12
|
| 0.088
|
| 50,000
|
| 0.088
|
|
| 0.09
|
| 209,110
|
| 3.44
|
| 0.09
|
| 209,110
|
| 0.09
|
|
| 0.10
|
| 4,802,200
|
| 4.87
|
| 0.10
|
| 4,802,200
|
| 0.10
|
|
| 0.12
|
| 2,635,368
|
| 1.28
|
| 0.12
|
| 2,635,368
|
| 0.12
|
|
| 0.14
|
| 50,000
|
| 3.37
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,485,274
|
| 2.05
|
| 0.15
|
| 2,485,274
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 3.00
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 1.87
|
| 0.19
|
| 100,000
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 1.08
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.22
|
| 477,004
|
| 0.59
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 707,000
|
| 2.27
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 2.66
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 2.25
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 39,863
|
| 0.59
|
| 0.36
|
| 39,863
|
| 0.36
|
|
| 0.38
|
| 100,000
|
| 0.53
|
| 0.38
|
| 100,000
|
| 0.38
|
|
| 0.40
|
| 50,000
|
| 0.69
|
| 0.40
|
| 50,000
|
| 0.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 15,780,818
|
| 1.78
|
|
|
| 15,780,818
| $
| 0.13
|
|