Quarterly report pursuant to sections 13 or 15(d)

5. Stock Options and warrants (Tables)

v2.4.0.6
5. Stock Options and warrants (Tables)
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
stock purchase options

The following table summarizes certain information about the Company’s stock purchase options from January 1, 2013 to March 31, 2013:

 

Options   Shares    

Weighted-

Average

Exercise

Price

   

Weighted-

Average

Remaining

Contractual

Term

   

Aggregate

Intrinsic

Value

 
Outstanding at January 1, 2013     27,278,098     $ 0.27              
Granted                        
Exercised                        
Forfeited or expired                        
Outstanding at March 31, 2013     27,278,098     $ 0.27       7.8     $ 20,254,356  
Vested and exercisable at March 31, 2013     13,718,098     $ 0.29       7.6     $ 9,948,756  
Weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest under the Plan

The weighted average exercise prices, remaining contractual lives for options granted, exercisable, and expected to vest under the Plan as of March 31, 2013 were as follows:

 

    Outstanding Options   Exercisable Options
Option
Exercise Price Per Share
  Shares   Life
(Years)
  Weighted
Average
Exercise
Price
  Shares   Weighted Average Exercise
Price
  $ 0.21 - $ 0.99       27,196,679       7.8     $ .27       13,636,679     $ 0.28  
  $ 1.00 - $ 1.99       81,419       2.5       1.36       81,419       1.36  
          27,278,098       7.8     $ 0.27       13,718,098     $ 0.29  
Stock purchase warrants

 

The following table summarizes certain information about the Company’s stock purchase warrants from January 1, 2013 to March 31, 2013:

 

Warrants   Shares   Weighted-
Average
Exercise
Price
  Weighted-
Average
Remaining
Contractual
Term
  Aggregate
Intrinsic
Value
Outstanding at January 1, 2013     42,205,507     $ 0.31                  
Granted     150,000       0.30                  
Exercised     (14,344,600 )     0.29                  
Forfeited or expired     (958,723 )     0.35                  
Outstanding at March 31, 2013     27,052,184     $ 0.32       1.8     $ 18,752,321  
Vested and exercisable at March 31, 2013     25,685,517     $ 0.32       1.5     $ 17,781,988  

 

 

 

 

  Outstanding Warrants   Exercisable Warrants
Warrant
Exercise Price Per Share
  Shares   Life
(Years)
  Weighted
Average
Exercise
Price
  Shares   Weighted Average Exercise
Price
  $ 0.25 - $ 0.99       26,552,184       1.8     $ .30       25,185,517     $ 0.30  
  $ 1.00 - $ 1.99       500,000       1.3       1.00       500,000       1.00  
          27,052,184       1.8     $ 0.32       25,685,517     $ 0.32