Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

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Warrants (Tables)
9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Stock Warrants Activity

The following represents a summary of the warrants outstanding at September 30, 2015 and December 31, 2014 and changes during the periods then ended:

 

    Warrants     Weighted
Average Exercise
Price
 
Outstanding, December 31, 2013     9,106,000     $ 0.42  
Granted     722,472       0.65  
Warrants exchanged for common stock     (135,932 )     (0.05 )
Outstanding, December 31, 2014     9,692,540     $ 0.44  
Granted     522,983       0.04  
Warrants exchanged for common stock     (199,396 )     (0.40 )
Outstanding, June 30, 2015     10,016,127     $ 0.45  
Warrants exchanged for common stock     (71,342 )     (0.40 )
Outstanding, September 30, 2015     9,944,785     $ 0.45