Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.2.0.727
WARRANTS (Tables)
 6 Months Ended
Jun. 30, 2015
Warrants Tables  
Warrants outstanding

We have the following shares of common stock reserved for exercise of the warrants outstanding as of June 30, 2015: 

 

    June 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       (5,420,400 )     (0.33 )
                 
Warrants outstanding - end of period       33,146,008     $ 0.19  

Weighted exercise price and weighted fair value of the warrants granted

The weighted exercise price and weighted fair value of the warrants granted by us as of June 30, 2015, are as follows: 

 

    June 30, 2015  
    Weighted        
    Average     Weighted  
    Exercise     Average  
    Price     Fair Value  
             
Weighted average of warrants granted during the six months whose exercise price exceeded fair market value at the date of grant   $ 0.21     $ 0.21  
                 

Summarizes information about fixed-price warrants outstanding

The following table summarizes information about fixed-price warrants outstanding: 

 

      Number     Average        
Range of     Outstanding at     Remaining     Weighted  
Exercise     June 30,     Contractual     Average  
Prices     2015     Life     Exercise price  
$ 0.33       120,000     1 Months       $ 0.33  
$ 0.46       600,000     2 Months       $ 0.46  
$ 0.46       150,000     7 Months       $ 0.46  
$ 0.85       40,000     10 Months       $ 0.85  
$ 0.40       333,333     14 Months       $ 0.40  
$ 0.33       439,637     19 Months       $ 0.33  
$ 0.16       750,000     21 Months       $ 0.16  
$ 0.21       14,946,119     36 Months       $ 0.21  
$ 0.30       964,912     37 Months       $ 0.30  
$ 0.30       4,824,561     38 Months       $ 0.30  
$ 0.06       7,067,002     40 Months       $ 0.06  
$ 0.16       1,118,068     44 Months       $ 0.16  
$ 0.13       863,392     46 Months       $ 0.13  
$ 0.12       928,984     47 Months       $ 0.12  
          33,146,008