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Warrants and Options (Tables)
12 Months Ended
Dec. 31, 2015
Warrants And Options Tables  
Summary of Warrants Issued And Outstanding

Below is a table summarizing the warrants issued and outstanding as of December 31, 2015.

 

Date
Issued
 
 
Number
Outstanding
 
 
 
 
Exercise
Price $
 
 
 
 
Contractual
Life (Years)
 
 
 
 
Expiration
Date
 
 
Proceeds to Company if
Exercised $
 
 
03/15/11     100,000       0.50       5     3/15/2016     50,000  
03/24/11     100,000       0.50       5     3/24/2016     50,000  
04/01/11     100,000       0.50       5     4/1/2016     50,000  
06/21/11     100,000       0.50       5     6/21/2016     50,000  
05/11/12     344,059       2.60       4     05/10/16     894,553  
03/20/13     150,000       2.47       3    

03/20/16

to 12/20/19

    370,500  
06/10/13     29,750       2.00       5     12/10/18     59,500  
08/07/13     45,000       2.40       3     08/07/16     108,000  
11/25/13     456,063       2.40       5     11/25/18     1,094,551  
12/31/13     64,392       2.40       5     11/25/18     154,541  
01/28/14     2,000       2.40       3     01/28/17     4,800  
02/26/14     1,068,475       2.20       5     02/26/19     2,350,645  
09/05/14     10,000       2.40       3     09/05/17     24,000  
09/26/14     24,000       3.00       3     09/26/17     72,000  
11/17/14     19,000       3.75       3     11/17/17     71,250  
      2,612,739                           5,404,340  

Summary of options issued and outstanding

Below is a table summarizing the options issued and outstanding as of December 31, 2015, which have a weighted average exercise price of $3.53 per share and a weighted average remaining contractual life of 3.0 years.

 

Date
Issued
 
 
Number
Outstanding
 
 
 
 
Exercise
Price $
 
 
 
 
Contractual
Life (Years)
 
 
 
 
Expiration
Date
 
 
Proceeds to Company if
Exercised $
 
 
11/25/11     630,000     3.00-5.00     4.5-7.0     05/25/16-11/25/18     2,520,000  
09/01/12     30,000     4.31-6.31       3.0     03/01/16-09/01/18     159,300  
03/20/13     37,000     2.35-4.35       3.0     09/20/16-03/20/19     123,950  
09/02/13     16,300     2.35-4.35       3.0     03/02/14-09/02/16     54,605  
05/16/14     25,000     3.00-5.00     3.0-5.5     11/16/17-05/16/20     100,000  
08/18/14     670,000     2.50-3.00     4.5-5.5     02/18/19-02/18/20     1,842,500  
05/18/15     20,000       3.80       4.5     11/18/19     76,000  
07/23/15     327,000       4.00       4.5     01/23/20     1,308,000  
08/17/15     75,000       3.75       5.0     08/17/20     281,250  
      1,830,300                           6,465,605