Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v2.4.1.9
Warrants (Tables)
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of Valuation Inputs Used to Warrants Issued

The following table provides the valuation inputs used to value the warrants issued in 2014 and 2013:

 

    2014     2013  
Year Options were granted            
Stock price range   $ .12 - 1.25     $ .05 -.25  
Risk-free interest rate     .61 %     .61 %
Volatility Factor     300 %     300 %
Exercise Price   $ .65 to .80     $ .50  
Dividend Yield     0 %     0 %
Contractual life (years)     5 years       3 years  
Fair Market Value, approximately   $ 681,000     $ 355,000  

Schedule of Stock Warrants Activity

The following represents a summary of the Warrants outstanding at December 31, 2014 and 2013 and changes during the years then ended:

 

    Warrants     Weighted
Average
Exercise Price
 
Outstanding, December 31, 2012     -     $ -  
Granted     9,106,000       .42  
Outstanding, December 31, 2013     9,106,000     $ .42  
Granted     722,472       .65  
Warrants exchanged for common stock     (135,932 )     (.05 )
Outstanding, December 31, 2014     9,692,540     $ .44