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12. Stockholder's Equity
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Stockholder's Equity

Issuance of Common Stock for Cash

 

During the quarter ended March 31, 2014, shareholders exercised their rights to convert warrants into 125,000 shares common stock for $170,000.

 

Common Stock Warrants

 

The Company's Board of Directors has the authority to issue stock warrants for the purchase of preferred or unregistered common stock to directors and employees of the Company.

 

Transactions in common stock warrants are as follows:

 

    Number of Warrants     Exercise Prices  
Balance, December 31, 2012     1,934,667     $ .25 - $4.50  
Warrants issued     629,740     $ 1.20-$1.60  
   Warrants exercised     (25,000 )   $ 1.20  
   Warrants expired     (50,000 )   $ 4.50  
Balance, December 31, 2013     2,489,407     $ 0.25 - $4.50  
Warrants exercised     (125,000 )   $ 1.20-$1.60  
Balance, March 31, 2014     2,364,407     $ 0.25 - $4.50  

 

The above common stock warrants expire as follows:

 

2014     1,082,750       -  
2015     1,031,657          
Thereafter     250,000          
      2,364,407