Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.5.0.2
WARRANTS (Tables)
 9 Months Ended
Sep. 30, 2016
Warrants Tables  
Warrants outstanding

The Company has the following shares of common stock reserved for exercise of the warrants outstanding as of September 30, 2016:

 

    September 30, 2016  
    Shares    

Weighted

Average

Exercise

Price

  
             
Warrants outstanding – beginning of year     32,426,008     $ 0.18  
Warrants exercised     (26,251,785 )     0.17  
Warrants granted     10,395,675       0.22  
Warrants expired     (523.333 )     (0.45 )
                 
Warrants outstanding – end of period     16,046,565     $ 0.18  
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     September 30,     Contractual   Average  
Prices     2016     Life   Exercise Price  
                   
$ 0.33       439,637     4 Months   $ 0.33  
$ 0.16       750,000     6 Months   $ 0.16  
$ 0.14       1,578,947     21 Months   $ 0.14  
$ 0.21       400,644     21 Months   $ 0.21  
$ 0.14       1,846,300     22 Months   $ 0.14  
$ 0.06       4,567,002     24 Months   $ 0.06  
$ 0.16       1,118,068     29 Months   $ 0.16  
$ 0.13       863,392     30 Months   $ 0.13  
$ 0.12       928,984     32 Months   $ 0.12  
$ 0.35       1,625,000     45 Months   $ 0.35  
$ 0.35       535,714     47 Months   $ 0.35  
$ 0.44       1,214,286     47 Months   $ 0.44  
$ 0.37       178,571     48 Months   $ 0.37  
          16,046,545