| Stock Options and Warrants |
NOTE 14 – STOCK OPTIONS AND
WARRANTS
The following table summarizes all stock option and warrant
activity for the three months ended March 31, 2015:
| |
|
|
Number of Warrants |
|
|
Weighted Average
Exercise Price |
| Balance outstanding, December 31, 2014 |
|
|
|
14,588,616 |
|
|
$ |
0.35 |
|
| Granted |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
|
- |
|
|
|
- |
|
| Expired |
|
|
|
(744,000 |
) |
|
$ |
0.40 |
|
| Balance outstanding, March 31, 2015 |
|
|
|
13,844,616 |
|
|
$ |
0.35 |
|
| Exercisable, March 31, 2015 |
|
|
|
13,844,616 |
|
|
$ |
0.35 |
|
The following table discloses information
regarding outstanding and exercisable options and warrants at March 31, 2015:
| |
|
|
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 |
|
|
|
1.67 |
|
|
|
2,000,000 |
|
|
|
0.20 |
|
| $ |
0.30 - $0.39 |
|
|
|
11,774,616 |
|
|
|
0.37 |
|
|
|
1.47 |
|
|
|
11,774,616 |
|
|
|
0.37 |
|
| $ |
0.40 - $0.50 |
|
|
|
70,000 |
|
|
|
0.40 |
|
|
|
1.75 |
|
|
|
814,000 |
|
|
|
0.40 |
|
| |
|
|
|
|
13,844,616 |
|
|
|
0.54 |
|
|
|
1.50 |
|
|
|
13,844,616 |
|
|
|
0.33 |
|
|