| Stock Options and Warrants |
NOTE 15 – STOCK OPTIONS AND
WARRANTS
The following table summarizes all stock option and warrant
activity for the year ended December 31, 2014 and 2013:
| |
|
Number of Warrants |
|
|
Weighted Average
Exercise Price |
|
| Balance outstanding, December 31, 2012 |
|
|
24,361,948 |
|
|
$ |
0.34 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
(1,800,000 |
) |
|
|
0.50 |
|
| Balance outstanding, December 31, 2013 |
|
|
22,561,948 |
|
|
$ |
0.33 |
|
| Exercisable, December 31, 2013 |
|
|
22,561,948 |
|
|
$ |
0.33 |
|
| |
|
|
|
|
|
|
|
|
| Balance outstanding, December 31, 2013 |
|
|
22,561,948 |
|
|
$ |
0.33 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
(7,973,332 |
) |
|
|
- |
|
| Balance outstanding, December 31, 2014 |
|
|
14,588,616 |
|
|
$ |
0.35 |
|
| Exercisable, December 31, 2014 |
|
|
14,588,616 |
|
|
$ |
0.35 |
|
The following table discloses information regarding outstanding
and exercisable options and warrants at December 31, 2014:
| |
|
Outstanding |
|
|
Exercisable |
|
Range of
Exercise Prices |
|
Number of
Option Shares |
|
|
Weighted
Average
Exercise Price |
|
|
Remaining
Weighted
Average
Contractual
Term (Years) |
|
|
Number of
Option Shares |
|
|
Weighted
Average
Exercise Price |
|
| $0.20 - $0.29 |
|
|
2,000,000 |
|
|
|
0.20 |
|
|
|
1.92 |
|
|
|
2,000,000 |
|
|
|
0.20 |
|
| $0.30 - $0.39 |
|
|
11,774,616 |
|
|
|
0.37 |
|
|
|
1.72 |
|
|
|
11,774,616 |
|
|
|
0.37 |
|
| $0.40 - $0.49 |
|
|
814,000 |
|
|
|
0.40 |
|
|
|
0.25 |
|
|
|
814,000 |
|
|
|
0.40 |
|
| |
|
|
14,588,616 |
|
|
|
0.51 |
|
|
|
1.66 |
|
|
|
14,588,616 |
|
|
|
0.51 |
|
|