| Note 12. WARRANTS |
The Company has the following shares of common
stock reserved for exercise of the warrants outstanding as of March 31, 2016:
| |
|
March 31, 2016 |
|
| |
|
Shares |
|
|
Weighted
Average
Exercise
Price
|
|
| Warrants outstanding beginning of year |
|
|
32,426,008 |
|
|
$ |
0.18 |
|
| Warrants exercised |
|
|
(9,206,330 |
) |
|
|
0.13 |
|
| Warrants granted |
|
|
6,842,104 |
|
|
|
0.13 |
|
| Warrants expired |
|
|
(150,000 |
) |
|
|
(0.46 |
) |
| |
|
|
|
|
|
|
|
|
| Warrants outstanding end of period |
|
|
29,911,782 |
|
|
$ |
0.15 |
|
The following table summarizes information
about fixed-price warrants outstanding:
| Range of |
|
Number
Outstanding at
|
|
|
Average
Remaining
|
|
Weighted |
|
| Exercise |
|
March 31, |
|
|
Contractual |
|
Average |
|
| Prices |
|
2016 |
|
|
Life |
|
Exercise Price |
|
| $0.85 |
|
|
40,000 |
|
|
1 Months |
|
$ |
0.85 |
|
| $0.40 |
|
|
333,333 |
|
|
5 Months |
|
$ |
0.40 |
|
| $0.33 |
|
|
439,637 |
|
|
10 Months |
|
$ |
0.33 |
|
| $0.16 |
|
|
750,000 |
|
|
12 Months |
|
$ |
0.16 |
|
| $0.14 |
|
|
1,578,947 |
|
|
27 Months |
|
$ |
0.14 |
|
| $0.21 |
|
|
14,946,119 |
|
|
27 Months |
|
$ |
0.21 |
|
| $0.30 |
|
|
1,846,300 |
|
|
28 Months |
|
$ |
0.14 |
|
| $0.06 |
|
|
7,067,002 |
|
|
31 Months |
|
$ |
0.06 |
|
| $0.16 |
|
|
1,118,068 |
|
|
35 Months |
|
$ |
0.16 |
|
| $0.13 |
|
|
863,392 |
|
|
37 Months |
|
$ |
0.13 |
|
| $0.12 |
|
|
928,984 |
|
|
38 Months |
|
$ |
0.12 |
|
| |
|
|
29,911,782 |
|
|
|
|
|
|
|
|