Quarterly report pursuant to Section 13 or 15(d)

5. Stockholders' Deficit (Tables)

v2.4.1.9
5. Stockholders' Deficit (Tables)
 3 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
Options and warrants outstanding and exercisable

 

    Stock Options     Warrants              
          Weighted           Weighted              
          Average price           Average price     Total        
    Shares     per share     Shares     per share     Shares     Exercisable  
Balance outstanding, January 1, 2014     1,771,708     $ 0.71       15,012,327     $ 0.57       16,784,035       16,611,528  
      Granted     1,675,500       0.30       8,903,000       0.38       10,578,500          
      Exercised     -       -       (4,208,658 )     0.25       (4,208,658 )        
      Expired     (10,000 )     1.00       (524,468 )     0.74       (534,468 )        
      Forfeited     (30,958 )     0.71       -       -       (30,958          
Balance outstanding, December 31, 2014     3,406,250     $ 0.51       19,182,201     $ 0.49       22,588,451       20,858,111  
      Granted     -       -       -       -       -          
      Exercised     -       -       -       -       -          
      Expired     -       -       -       -       -          
      Forfeited     -       -       -       -       -          
Balance outstanding, March 31, 2015     3,406,250     $ 0.51       19,182,201     $ 0.49       22,588,451       21,315,198  

 

 

      Options Outstanding     Options Exercisable  
            Weighted Average           Weighted Average  
Range of Exercise Prices     Number of Options     Remaining Contractual Life (Years)     Exercise Price     Number of Options     Remaining Contractual Life (Years)     Exercise Price  
$0.30-$0.39     1,675,500       9.5     $ 0.30       444,122       9.5     $ 0.30  
 0.40-0.49       311,000       8.1       0.40       311,000       8.1       0.40  
 0.50-0.59       251,250       7.4       0.50       251,250       7.4       0.50  
 0.60-0.69       467,500       4.7       0.60       439,375       4.6       0.60  
 1.00-1.25       701,000       2.0       1.00       687,250       1.9       1.00  
$0.30-$1.25       3,406,250       7.0     $ 0.51       2,132,997       5.6     $ 0.63