Quarterly report pursuant to Section 13 or 15(d)

6. Stock Options and warrants (Tables)

v2.4.0.8
6. Stock Options and warrants (Tables)
6 Months Ended
Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Option activity
    Options     Weighted Avg.  
Exercise Price
 
December 31, 2013     20,309,908     $ 0.28  
Granted     528,052       0.85  
Exercised     (20,000 )     0.30  
Forfeited     (90,000 )     0.91  
June 30, 2014     20,727,960     $ 0.29  
Options outstanding and exercisable
    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     20,464,731     6.7   $0.28     18,200,311     $0.28
$ 1.00 - $ 1.99     263,229     5.7   $1.22     119,601     $1.27
      20,727,960     6.7   $0.29     18,319,912     $0.28
Warrant activity
    Warrants     Weighted Avg.
Exercise Price
 
December 31, 2013     11,763,966     $ 0.34  
Granted     190,000       0.93  
Exercised     (4,340,947 )     0.30  
Cancelled     (1,491,969 )     0.30  
Outstanding, June 30, 2014     6,121,050     $ 0.40  
Warrants outstanding and exercisable
    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     5,501,050     3.5   $0.33     5,431,050     $0.32
$ 1.00 - $ 1.99     620,000     0.3   $1.00     500,000     $1.00

 

    6,121,050     3.1   $0.40     5,931,050     $0.38