| Warrants outstanding |
| |
|
December 31, 2014 |
|
| |
|
|
|
|
Weighted |
|
| |
|
|
|
|
Average |
|
| |
|
|
|
|
Exercise |
|
| |
|
Shares |
|
|
Price |
|
| Warrants outstanding beginning of year |
|
|
19,550,817 |
|
|
$ |
0.17 |
|
| Warrants exercised |
|
|
(10,332,199 |
) |
|
|
0.19 |
|
| Warrants granted |
|
|
11,491,227 |
|
|
|
0.30 |
|
| Warrants expired |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Warrants outstanding end of period |
|
|
20,709,845 |
|
|
$ |
0.23 |
|
|
| Summarizes information about fixed-price warrants outstanding |
| |
|
|
|
Number |
|
Average |
|
|
|
| |
Range of |
|
|
Outstanding at |
|
Remaining |
|
Weighted |
|
| |
Exercise |
|
|
December 31, |
|
Contractual |
|
Average |
|
| |
|
Prices |
|
|
2014 |
|
Life |
|
Exercise Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
$ |
0.33 |
|
|
|
3,154,800 |
|
1 Month |
|
$ |
0.33 |
|
| |
$ |
0.33 |
|
|
|
564,000 |
|
2 Months |
|
$ |
0.33 |
|
| |
$ |
0.33 |
|
|
|
264,000 |
|
3 Months |
|
$ |
0.33 |
|
| |
$ |
0.33 |
|
|
|
1,188,000 |
|
4 Months |
|
$ |
0.33 |
|
| |
$ |
0.33 |
|
|
|
120,000 |
|
5 Months |
|
$ |
0.33 |
|
| |
$ |
0.33 |
|
|
|
249,600 |
|
6 Months |
|
$ |
0.33 |
|
| |
$ |
0.46 |
|
|
|
600,000 |
|
8 Months |
|
$ |
0.46 |
|
| |
$ |
0.46 |
|
|
|
150,000 |
|
13 Months |
|
$ |
0.46 |
|
| |
$ |
0.85 |
|
|
|
40,000 |
|
16 Months |
|
$ |
0.85 |
|
| |
$ |
0.40 |
|
|
|
333,333 |
|
20 Months |
|
$ |
0.40 |
|
| |
$ |
0.33 |
|
|
|
439,637 |
|
25 Months |
|
$ |
0.33 |
|
| |
$ |
0.16 |
|
|
|
750,000 |
|
27 Months |
|
$ |
0.16 |
|
| |
$ |
0.30 |
|
|
|
964,912 |
|
43 Months |
|
$ |
0.30 |
|
| |
$ |
0.30 |
|
|
|
4,824,561 |
|
44 Months |
|
$ |
0.30 |
|
| |
$ |
0.06 |
|
|
|
7,067,002 |
|
46 Months |
|
$ |
0.06 |
|
| |
|
|
|
|
|
20,709,845 |
|
|
|
|
|
|
|