| Summary of the status of warrants |
A summary of the status of the Company’s warrants is presented below. | | | | | | | | |
|
|
| December 31, 2013
|
| December 31, 2012
|
|
|
| Number of
|
| Weighted Average
|
| Number of
|
| Weighted Average
|
|
|
| Warrants
|
| Exercise Price
|
| Warrants
|
| Exercise Price
|
| Outstanding, beginning of year
|
| 16,365,209
| $
| 0.17
| $
| 20,413,430
| $
| 0.19
|
| Issued
|
| 4,820,330
|
| 0.18
|
| 1,425,112
|
| 0.12
|
| Exercised
|
| (2,785,000)
|
| 0.16
|
| (583,333)
|
| 0.15
|
| Expired
|
| (1,500,000)
|
| 0.32
|
| (4,890,000)
|
| 0.23
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, end of period
|
| 16,900,539
| $
| 0.17
| $
| 16,365,209
| $
| 0.17
|
|
| Warrants outstanding and exercisable |
Warrants outstanding and exercisable by price range as of December 31, 2013 were as follows: | | | | | | | | | | | |
|
| Outstanding Warrants
|
| Exercisable Warrants
|
|
|
|
|
|
| Average
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
|
|
|
| Average
|
|
| Range of
|
| Number
|
| Contractual Life in Years
|
| Exercise Price
|
| Number
|
| Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $
| 0.12
|
| 3,439,438
|
| 1.82
| $
| 0.12
|
| 3,426,938
| $
| 0.12
|
|
| 0.125
|
| 7,152,097
|
| .82
|
| 0.125
|
| 7,152,097
|
| 0.125
|
|
| 0.15
|
| 1,300,000
|
| .94
|
| 0.15
|
| 1,300,000
|
| 0.15
|
|
| 0.22
|
| 477,004
|
| 2.61
|
| 0.22
|
| 477,004
|
| 0.22
|
|
| 0.25
|
| 3,782,000
|
| 2.76
|
| 0.25
|
| 3,732,000
|
| 0.25
|
|
| 0.30
|
| 350,000
|
| 4.52
|
| 0.30
|
| 350,000
|
| 0.30
|
|
| 0.33
|
| 250,000
|
| 4.50
|
| 0.33
|
| 250,000
|
| 0.33
|
|
| 0.36
|
| 50,000
|
| 1.84
|
| 0.36
|
| 12,500
|
| 0.36
|
|
| 0.38
|
| 50,000
|
| 2.55
|
| 0.38
|
| 25,000
|
| 0.38
|
|
| 0.40
|
| 50,000
|
| 2.44
|
| 0.40
|
| 37,500
|
| 0.40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 16,900,539
|
| 1.72
|
|
|
| 16,763,039
| $
| 0.17
|
|