Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.3.0.814
WARRANTS (Tables)
9 Months Ended
Sep. 30, 2015
Warrants Tables  
Warrants outstanding
    September 30, 2015  
          Weighted  
          Average  
          Exercise  
    Shares     Price  
Warrants outstanding – beginning of year     20,709,845     $ 0.23  
Warrants exercised     -       0.00  
Warrants granted     17,856,563       0.20  
Warrants expired     (6,140,400 )     (0.33 )
                 
Warrants outstanding – end of period     32,426,008     $ 0.18  
Weighted exercise price and weighted fair value of the warrants granted
    September 30, 2015  
    Weighted        
    Average     Weighted  
    Exercise     Average  
    Price     Fair Value  
Weighted average of warrants granted during the nine months whose exercise price exceeded fair market value at the date of grant   $ 0.20     $ 0.20  
Summarizes information about fixed-price warrants outstanding
Number     Average            
Range of     Outstanding at     Remaining   Weighted  
Exercise     September 30,     Contractual   Average  
Prices     2015     Life   Exercise Price  
$ 0.46       150,000     4 Months   $ 0.46  
$ 0.85       40,000     7 Months   $ 0.85  
$ 0.40       333,333     11 Months   $ 0.40  
$ 0.33       439,637     16 Months   $ 0.33  
$ 0.16       750,000     18 Months   $ 0.16  
$ 0.21       14,946,119     33 Months   $ 0.21  
$ 0.30       964,912     34 Months   $ 0.30  
$ 0.30       4,824,561     35 Months   $ 0.30  
$ 0.06       7,067,002     37 Months   $ 0.06  
$ 0.16       1,118,068     41 Months   $ 0.16  
$ 0.13       863,392     43 Months   $ 0.13  
$ 0.12       928,984     44 Months   $ 0.12  
          32,426,008