| Summary of the status of warrants |
A summary of the status of the Company’s warrants is presented below. |
| March 31, 2014
| December 31, 2013
|
|
| Number of
| Weighted Average
| Number of
| Weighted Average
|
|
| Warrants
| Exercise Price
| Warrants
| Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 16,900,539
| $ 0.17
| 16,365,209
| $ 0.17
|
| Issued
| 100,000
| 0.28
| 4,820,330
| 0.18
|
| Exercised
| (1,650,000)
| 0.13
| (2,785,000)
| 0.16
|
| Expired
| -
|
| (1,500,000)
| 0.32
|
| Outstanding, end of period
| 15,350,539
| $ 0.17
| 16,900,539
| $ 0.17
|
|
| Warrants outstanding and exercisable |
Warrants outstanding and exercisable by price range as of March 31, 2014 were as follows: |
| Outstanding Warrants
| Exercisable Warrants
|
|
|
| Average
|
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
| Weighted
|
|
|
| Contractual
| Exercise
|
| Average
|
| Range of
| Number
| Life in Years
| Price
| Number
| Exercise Price
|
|
|
|
|
|
|
|
| $ 0.12
| 3,439,439
| 1.66
| $ 0.12
| 3,439,439
| $ 0.12
|
| 0.125
| 5,502,097
| 0.88
| 0.125
| 5,502,097
| 0.125
|
| 0.15
| 1,300,000
| 0.69
| 0.15
| 1,300,000
| 0.15
|
| 0.17
| 50,000
| 5.00
| 0.17
| 12,500
| 0.17
|
| 0.22
| 477,004
| 2.37
| 0.22
| 477,004
| 0.22
|
| 0.25
| 3,782,000
| 2.52
| 0.25
| 3,782,000
| 0.25
|
| 0.30
| 350,000
| 4.27
| 0.30
| 350,000
| 0.30
|
| 0.33
| 250,000
| 4.25
| 0.33
| 250,000
| 0.33
|
| 0.36
| 50,000
| 1.59
| 0.36
| 25,000
| 0.36
|
| 0.38
| 100,000
| 2.54
| 0.38
| 87,500
| 0.38
|
| 0.40
| 50,000
| 2.19
| 0.40
| 50,000
| 0.40
|
|
|
|
|
|
|
|
|
| 15,350,539
| 1.73
|
| 15,275,539
| $ 0.17
|
|