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Stock Warrants

3 Months Ended

Mar. 31, 2015

Warrants and Rights Note Disclosure [Abstract]

Stock Warrants

Note 12 – Stock Warrants

The following table summarizes the changes in warrants outstanding and the related prices for the shares of the Company’s common stock at March 31, 2015:

				Warrants Outstanding								Warrants Exercisable
Exercise Price ($)				Number Outstanding		Weighted Average Remaining Contractual Life (Years)		Weighted Average Exercise Price ($)				Number Exercisable				Weighted Average Exercise Price
$	0.34			3,584,759		9.82		$	0.34				3,584,759			$	0.34

The warrant activity for the three months ended March 31, 2015 is as follows:

		Options Outstanding				Weighted Average Exercise Price
Outstanding at December 31, 2014			—			$	—
Granted			8,179,946				0.71
Exercised			(4,595,187	)			1.00
Expired or canceled			—				—
Outstanding at March 31, 2015		$	3,584,759			$	0.34

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

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-Paragraph 1

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-Publisher SEC

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-Number 210

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-Topic 505

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