Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v2.4.0.8
Warrants (Tables)
9 Months Ended
Sep. 30, 2014
Text Block [Abstract]  
Summary of Warrant Activity

A summary of warrant activity for the year ended December 31, 2013 and the nine months ended September 30, 2014 is as follows:

 

     Warrants     Weighted
Average
Price
 

Balance – December 31, 2012

     3,235,982      $ 3.53   

Granted

     —          —     

Exercised

     (200,000     1.50   

Expired

     (288,888     19.87   
  

 

 

   

 

 

 

Balance – December 31, 2013

     2,747,094        1.91   

Granted

     —          —     

Exercised

     (210,000     1.50   

Expired

     (5,000     10.00   
  

 

 

   

 

 

 

Balance – September 30, 2014

     2,532,094      $ 1.93   
  

 

 

   

 

 

 

Summary of Warrants Outstanding

The warrants outstanding as of September 30, 2014 are as follows:

 

Exercise Price    Warrants Outstanding      Expiration Dates  

$1.50

     361,169         7/31/17   

$2.00

     2,170,925         3/23/15   
  

 

 

    
     2,532,094