Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v2.4.0.8
WARRANTS (Tables)
6 Months Ended
Jun. 30, 2014
Warrants Tables  
Warrants outstanding

The Company has the following shares of common stock reserved for the warrants outstanding as of June 30, 2014:

 

    June 30, 2014  
          Weighted  
          Average  
          Exercise  
    Shares     Price  
Warrants outstanding – beginning of year     19,550,817     $ 0.17  
Warrants exercised     (9,367,287 )     0.19  
Warrants granted     5,701,754       0.30  
Warrants expired     -       -  
                 
Warrants outstanding – end of period     15,885,284     $ 0.21  
Weighted exercise price and weighted fair value of the warrants granted
    June 30, 2014  
    Weighted        
    Average     Weighted  
    Exercise     Average  
    Price     Fair Value  
             
Weighted average of warrants granted during the three months whose exercise price exceeded fair market value at the date of grant   $ 0.30     $ 0.45  
                 
Weighted average of warrants granted during the nine months whose exercise price was equal or lower than fair market value at the date of grant   $ -     $ -  
Summarizes information about fixed-price warrants outstanding
      Number     Average        
Range of     Outstanding at     Remaining     Weighted  

Exercise

Prices

   

June 30,

2014

   

Contractual

Life

   

Average

Exercise Price

 
                         
$0.33     5,540,400     13 Months     $0.33  
$0.46     600,000     13 Months     $0.46  
$ 0.46     150,000     7 Months     $0.46   
$0.85     40,000     10 Months     $0.85  
$0.40     333,333     14 Months     $0.40  
$0.33     439,637     17 Months     $0.33  
$ 0.16     750,000     21 Months     $0.16  
$0.06     7,067,002     51 Months     $0.06  
$0.30     964,912     47 Months     $0.30  
        15,885,284