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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Schedule of Common Stock Shares Issued

During the six months ended June 30, 2014, we issued shares of common stock as follows:

 

     Common Stock
Shares
     Amount  

Sale of common stock and warrants

     1,192,500       $ 2,385,000   

Note and interest conversions

     23,201         29,001   

Common stock for services

     20,408         50,000   
  

 

 

    

 

 

 
     1,236,109       $ 2,464,001   
  

 

 

    

 

 

 
Summary of Warrants Issued and Outstanding

At June 30, 2014, we had outstanding exercisable warrants to purchase 1,541,000 shares of common stock and contingent warrants to purchase 1,750,000 shares of common stock.

 

Warrants Issued and Outstanding as of June 30, 2014

 
     Date of      Exercise
Price
     Shares of
Common Stock
 

Description

   Issuance      Expiration        

Exercisable warrants

           

Warrants 10 - 24

     4/18/14         4/1/17       $ 2.00         1,441,000   

Warrant 25

     5/7/2014         5/7/17       $ 2.65         100,000   
           

 

 

 

Total exercisable warrants

              1,541,000   

Contingent warrants

           

Warrant 26

     5/7/2014         5/7/17       $ 2.65         100,000   

Warrant 27

     5/28/2014         10/31/16       $ 4.31         450,000   

Warrants 28 - 34

     5/28/2014         10/31/18       $ 4.31         1,200,000   
           

 

 

 

Total contingent warrants

              1,750,000   
           

 

 

 

Total warrants issued and outstanding

              3,291,000   
           

 

 

 
Summary of Stock Option Activity

Stock Options - Following is a summary of stock option activity subsequent to December 31, 2013 through June 30, 2014:

 

     Stock Options  
     Number
of Shares
    Exercise
Price Per
Share
     Weighted-
Average
Exercise Price
Per Share
 

Outstanding at December 31, 2013

     4,141,948      $ 2.00 - 3.25       $ 2.48   

Granted

     780,000      $ 2.90 - 3.75       $ 3.66   

Canceled/Forfeited

     (58,333   $ 2.05 - 2.05       $ 2.05   
  

 

 

      

Outstanding at June 30, 2014

     4,863,615      $ 2.00 - 3.75       $ 2.70   
  

 

 

      
Summary of Stock Option Outstanding

The following additional information applies to options outstanding at June 30, 2014:

 

Ranges of

Exercise

Prices

 

Outstanding at

June 30,

2014

 

Weighted-

Average

Remaining

Contractual

Life

 

Weighted-

Average

Exercise

Price 

 

Exercisable at

June 30,

2014

 

Weighted-

Average

Exercise

Price

$2.00 - $3.75

  4,863,615   7.3   $                          2.70   3,266,115   $                        2.63