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Warrants | 12 Months Ended
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Dec. 31, 2014
Warrants [Abstract] |
WARRANTS | NOTE 12 –WARRANTS The Company has issued warrants, primarily in connection with capital raising activities. As also discussed in Note 9, in 2014 we issued 804,139 warrants, with an exercise price of $1.20 per share, in connection with a $10 million equity raise, the proceeds of which were used to retire common stock, preferred, stock, and previously existing warrants. The Company had the following warrants outstanding as of December 31, 2014:
Number of Warrants |  |  | Exercise Price |  |  | Expiration Date
| 1,000,000 |  |  | $ | 2.25 |  |  | 10/5/2017
| 50,000 |  |  | $ | 0.89 |  |  | 2/17/2016
| 804,139 |  |  | $ | 1.20 |  |  | 3/17/2019
The Company had the following warrant activity during the years ended December 31, 2014 and 2013:
|  | Number of Warrants |  |  | Weighted average exercise price |
Outstanding, January 1, 2013 |  |  | 12,277,000 |  |  | $ | 2.25 |
Granted - 2013 |  |  | 0 |  |  |  | 0 |
Exercised - 2013 |  |  | 0 |  |  |  | 0 |
Expired – 2013 |  |  | (527,000 | ) |  |  | (1.73 | )
Balance, December 31, 2013 |  |  | 11,750,000 |  |  |  | 2.27 |
Granted – 2014 |  |  | 804,139 |  |  |  | 1.20 |
Exercised – 2014 |  |  | (550,000 | ) |  |  | (0.35 | )
Cancelled - 2014 |  |  | (10,000,000 | ) |  |  | (2.40 | )
Expired – 2014 |  |  | (150,000 | ) |  |  | (1.45 | )
Balance, December 31, 2014 |  |  | 1,854,139 |  |  | $ | 1.69 |

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