Schedule of outstanding and exercisable warrants (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of outstanding and exercisable warrants

Schedule of outstanding and exercisable warrants

The Company’s outstanding and exercisable warrants as of March 31, 2016 are presented below:

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

Warrants Outstanding as of December 31, 2015	845,000	$	0.61	3.77	$	435,900

Warrants Granted	-		-	-		-
Warrants Forfeited	-		-	-		-
Warrants Exercised	-			-		-

Warrants Outstanding as of March 31, 2016	845,000	$	0.61	3.52	$	372,300

- 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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