Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.4.0.3
WARRANTS (Tables)
 3 Months Ended
Mar. 31, 2016
Warrants Tables  
Warrants outstanding

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  

Summarizes information about fixed-price warrants outstanding

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