Post-effective amendment to a registration statement that is not immediately effective upon filing

WARRANTS (Tables)

v2.4.1.9
WARRANTS (Tables)
 12 Months Ended
Dec. 31, 2014
Warrants Tables  
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  
Weighted exercise price and weighted fair value of the warrants granted
    December 31, 2014  
    Weighted        
    Average     Weighted  
    Exercise     Average  
    Price     Fair Value  
Weighted average of warrants granted during the twelve months whose exercise price exceeded fair market value at the date of grant   $ 0.30     $ 0.45  
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