Schedule of outstanding and exercisable warrants (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of outstanding and exercisable warrants

Schedule of outstanding and exercisable warrants

The following table summarizes the assumptions used to estimate the fair value of warrants granted during the six months ended June 30, 2015:

	2015
Expected dividend yield	0%
Weighted-average expected volatility	200%
Weighted-average risk-free interest rate	0.48%
Expected life of warrants	5 years

The Company’s outstanding and exercisable warrants as of June 30, 2015 are presented below:

	Number		Weighted Average	Contractual		Intrinsic
	Outstanding		Exercise Price	Life in Years		Value

Warrants Outstanding and exercisable as of December 31, 2014	635,000	$	0.69	4.15	$	515,500

Warrants Granted	50,000	$	1.50	5.00	$	2,500
Warrants Forfeited	-	$	-	-	$	-

Warrants Outstanding and exercisable as of June 30, 2015	685,000	$	0.75	3.74	$	549,750

- 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.

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