v2.4.1.9

Stock Options and Warrants (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option and Warrant Activity

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

Outstanding and Exercisable Options and Warrants

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

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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