9. Stock Options and Warrants (Tables)
|
12 Months Ended |
Dec. 31, 2013
|
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] |
|
Stock options outstanding |
|
|
Weighted
Avg. Options |
|
|
Weighted
Avg. Exercise Price |
|
Options, January 1, 2011 |
|
|
4,837,488 |
|
|
$ |
0.52 |
|
Options granted |
|
|
19,800,000 |
|
|
|
0.26 |
|
Options exercised |
|
|
(77,778 |
) |
|
|
0.27 |
|
Options forfeited |
|
|
(310,000 |
) |
|
|
0.76 |
|
Options cancelled |
|
|
(181,818 |
) |
|
|
0.55 |
|
Options, December 31, 2011 |
|
|
24,067,892 |
|
|
$ |
0.30 |
|
Options granted |
|
|
4,858,000 |
|
|
|
0.30 |
|
Options exercised |
|
|
(776,667 |
) |
|
|
0.47 |
|
Options forfeited |
|
|
(871,127 |
) |
|
|
0.98 |
|
Options, December 31, 2012 |
|
|
27,278,098 |
|
|
$ |
0.27 |
|
Options granted |
|
|
207,819 |
|
|
|
1.17 |
|
Options exercised |
|
|
(115,000 |
) |
|
|
0.60 |
|
Options forfeited |
|
|
(7,061,009 |
) |
|
|
0.25 |
|
Options, December 31, 2013 |
|
|
20,309,908 |
|
|
$ |
0.28 |
|
|
Options outstanding by Per Share Price |
|
|
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 |
|
|
20,041,679 |
|
|
7.1 |
|
$0.27 |
|
|
17,041,679 |
|
|
$0.27 |
$ 1.00 - $ 1.99 |
|
|
268,229 |
|
|
6.1 |
|
$1.22 |
|
|
124,601 |
|
|
$1.27 |
|
|
|
20,309,908 |
|
|
|
|
$0.28 |
|
|
17,166,280 |
|
|
$0.28 |
|
Assumptions |
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
Expected life (years) |
|
|
1.5
5.5 |
|
|
|
5.0
7.0 |
|
|
|
6 |
|
Risk free interest rate |
|
|
0.34 1.65% |
|
|
|
0.62 1.27% |
|
|
|
1.95% |
|
Volatility |
|
|
127 130% |
|
|
|
125 140% |
|
|
|
141.97% |
|
Expected dividend yield |
|
|
0% |
|
|
|
0% |
|
|
|
0% |
|
|
Warrants outstanding |
|
|
Warrants |
|
|
Weighted Avg.
Exercise Price |
Warrants outstanding, January 1, 2011 |
|
|
22,979,068 |
|
|
$0.52 |
Warrants granted |
|
|
29,781,916 |
|
|
0.30 |
Warrants exercised |
|
|
(224,000 |
) |
|
0.47 |
Warrants cancelled |
|
|
(3,430,704 |
) |
|
0.56 |
Warrants outstanding, December 31, 2011 |
|
|
49,106,280 |
|
|
$0.32 |
Warrants granted |
|
|
9,273,316 |
|
|
0.31 |
Warrants exercised |
|
|
(12,039,846 |
) |
|
0.29 |
Warrants cancelled |
|
|
(4,134,243 |
) |
|
0.49 |
Warrants outstanding, December 31, 2012 |
|
|
42,205,507 |
|
|
$0.31 |
Warrants granted |
|
|
150,000 |
|
|
0.31 |
Warrants exercised |
|
|
(29,037,389 |
) |
|
0.29 |
Warrants cancelled |
|
|
(1,554,152 |
) |
|
0.49 |
Warrants outstanding, December 31, 2013 |
|
|
11,763,966 |
|
|
$0.31 |
|
Warrants outstanding by Per Share Price |
|
|
|
Outstanding
Warrants |
|
Exercisable
Warrants |
Warrant Exercise
Price Per Share |
|
|
Shares |
|
|
Life (Years) |
|
Weighted Average Exercise
Price |
|
Shares |
|
|
Weighted Average Exercise
Price |
$ 0.30 - $ 0.99 |
|
|
|
11,263,966 |
|
|
2.7 |
|
$0.31 |
|
|
10,380,632 |
|
|
$0.31 |
$ 1.00 - $ 1.99 |
|
|
|
500,000 |
|
|
0.5 |
|
$1.00 |
|
|
500,000 |
|
|
$1.00 |
|
|
|
|
|
11,763,966 |
|
|
|
|
$0.34 |
|
|
10,880,632 |
|
|
$0.34 |
|