Quarterly report pursuant to Section 13 or 15(d)

Warrants

v2.4.1.9
Warrants
3 Months Ended
Mar. 31, 2015
Text Block [Abstract]  
Warrants

5. Warrants

A summary of warrant activity for the year ended December 31, 2014 and the three months ended March 31, 2015 is as follows:

 

     Warrants      Weighted
Average
Price
 

Balance - December 31, 2013

     2,747,094       $ 1.91   

Granted

     —           —     

Exercised

     (210,000      1.50   

Expired

     (5,000      (10.00
  

 

 

    

 

 

 

Balance - December 31, 2014

  2,532,094      1.93   

Granted

  —        —     

Exercised

  —        —     

Expired

  (2,170,925   (2.00
  

 

 

    

 

 

 

Balance - March 31, 2015

  361,169    $ 1.50   
  

 

 

    

 

 

 

On March 23, 2015, warrants to acquire 2,170,925 shares of the Company’s common stock at a price of $2.00 per share expired.

The warrants outstanding as of March 31, 2015 are as follows:

 

Exercise Price    Warrants Outstanding      Expiration Dates  

$1.50

     361,169         7/31/17   
  

 

 

    
  361,169