| Summary of the status of warrants (Tables) |
A summary of the status of the Company’s warrants is presented below. |
| September 30, 2016
| December 31, 2015
|
|
| Number of
| Weighted Average
| Number of
| Weighted Average
|
|
| Warrants
| Exercise Price
| Warrants
| Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 14,705,818
| $ 0.13
| 9,053,005
| $ 0.16
|
| Issued
| 18,675,000
| 0.08
| 7,192,500
| 0.09
|
| Exercised
| -
| -
| -
| -
|
| Cancelled
| -
| -
| (96,575)
| 0.14
|
| Expired
| (3,213,330)
| 0.14
| (1,443,112)
| 0.13
|
| Outstanding, end of period
| 30,167,488
| $ 0.10
| 14,705,818
| $ 0.13
|
|
| 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.05
|
| 1,250,000
|
| 4.95
| $
| 0.05
|
| 1,250,000
| $
| 0.05
|
|
| 0.08
|
| 18,575,000
|
| 4.43
|
| 0.08
|
| 18,575,000
| $
| 0.08
|
|
| 0.09
|
| 309,110
|
| 3.36
|
| 0.09
|
| 309,110
|
| 0.09
|
|
| 0.10
|
| 5,702,200
|
| 4.04
|
| 0.10
|
| 5,402,200
|
| 0.10
|
|
| 0.12
|
| 99,041
|
| 0.77
|
| 0.12
|
| 99,041
| | 0.12
|
|
| 0.14
|
| 50,000
|
| 2.87
|
| 0.14
|
| 50,000
|
| 0.14
|
|
| 0.15
|
| 2,485,274
|
| 1.55
|
| 0.15
|
| 2,485,274
|
| 0.15
|
|
| 0.17
|
| 50,000
|
| 2.50
|
| 0.17
|
| 50,000
|
| 0.17
|
|
| 0.19
|
| 100,000
|
| 1.71
|
| 0.19
|
| 100,000
|
| 0.19
|
|
| 0.20
|
| 250,000
|
| 0.58
|
| 0.20
|
| 250,000
|
| 0.20
|
|
| 0.25
|
| 707,000
|
| 1.77
|
| 0.25
|
| 707,000
|
| 0.25
|
|
| 0.30
|
| 250,000
|
| 2.16
|
| 0.30
|
| 250,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 1.75
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 39,863
|
| 0.09
|
| 0.36
|
| 39,863
|
| 0.36
|
|
| 0.38
|
| 50,000
|
| 0.06
|
| 0.38
|
| 50,000
|
| 0.38
|
|
|
|
| 30,167,488
|
| 3.13
|
|
|
| 30,167,488
| $
| 0.10
|
|