Quarterly report pursuant to Section 13 or 15(d)

WARRANTS (Tables)

v3.5.0.2
WARRANTS (Tables)
 6 Months Ended
Jun. 30, 2016
Warrants Tables  
Warrants outstanding

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

 

    June 30, 2016  
    Shares    

Weighted

Average

Exercise

Price

  
             
Warrants outstanding – beginning of year     32,426,008     $ 0.18  
Warrants exercised     (11,706,330 )     0.12  
Warrants granted     8,467,104       0.18  
Warrants expired     (190,000 )     (0.54 )
                 
Warrants outstanding – end of period     28,996,782     $ 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     June 30,     Contractual     Average  
Prices     2016     Life     Exercise Price  
                           
$ 0.40       333,333     2 Months     $ 0.40  
$ 0.33       439,637     7 Months     $ 0.33  
$ 0.16       750,000     9 Months     $ 0.16  
$ 0.14       1,578,947     24 Months     $ 0.14  
$ 0.21       14,946,119     24 Months     $ 0.21  
$ 0.30       1,846,300     25 Months     $ 0.14  
$ 0.06       7,067,002     28 Months     $ 0.06  
$ 0.16       1,118,068     32 Months     $ 0.16  
$ 0.13       863,392     33 Months     $ 0.13  
$ 0.12       928,984     35 Months     $ 0.12  
$ 0.35       1,625,000     48 Months     $ 0.35  
          28,996,782