| Summary of the status of warrants |
A summary of the status of the Company’s warrants is presented below. |
| June 30, 2012
| December 31, 2011
|
|
| Number of
| Weighted Average
| Number of
| Weighted Average
|
|
| Warrants
| Exercise Price
| Warrants
| Exercise Price
|
|
|
|
|
|
|
| Outstanding, beginning of year
| 20,413,430
| $ 0.19
| 15,856,999
| $ 0.17
|
|
|
|
|
|
|
| Issued
| 290,000
| 0.12
| 11,055,097
| 0.16
|
|
|
|
|
|
|
| Exercised
| -
|
| (2,740,000)
| 0.09
|
|
|
|
|
|
|
| Expired
| (750,000)
| 0.10
| (3,758,666)
| 0.11
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, end of period
| 19,953,430
| $ 0.195
| 20,413,430
| $ 0.19
|
|
| Warrants outstanding and exercisable by price range |
Warrants outstanding and exercisable by price range as of June 30, 2012 were as follows: |
|
|
|
|
|
|
|
| Outstanding Warrants
| Exercisable Warrants
|
|
|
| Average
|
|
|
|
|
|
| Weighted
|
|
|
|
|
|
| Remaining
|
|
| Weighted
|
|
|
| Contractual
| Exercise
|
| Average
|
| Range of
| Number
| Life in Years
| Price
| Number
| Exercise Price
|
|
|
|
|
|
|
|
| $ .10
| 420,000
| 0.21
| $0.10
| 420,000
| $.10
|
| 0.12
| 250,000
| 2.47
| 0.12
| 112,500
| 0.12
|
| 0.125
| 6,920,097
| 2.03
| 0.125
| 6,920,097
| 0.125
|
| 0.15
| 3,923,333
| 1.19
| 0.15
| 3,923,333
| 0.15
|
| 0.225
| 600,000
| 1.85
| 0.225
| 600,000
| 0.225
|
| 0.25
| 6,825,000
| 1.06
| 0.25
| 6,825,000
| 0.25
|
| 0.50
| 1,015,000
| 0.47
| 0.50
| 1,015,000
| 0.50
|
|
|
|
|
|
|
|
|
| 19,953,430
| 1.41
|
| 19,815,930
| $ 0.195
|
|