A summary of the status of the Company’s warrants is presented below.
|
|
| December 31, 2013 |
| December 31, 2012 | ||||
|
|
| Number of |
| Weighted Average |
| Number of |
| Weighted Average |
|
|
| Warrants |
| Exercise Price |
| Warrants |
| Exercise Price |
| Outstanding, beginning of year |
| 16,365,209 | $ | 0.17 | $ | 20,413,430 | $ | 0.19 |
| Issued |
| 4,820,330 |
| 0.18 |
| 1,425,112 |
| 0.12 |
| Exercised |
| (2,785,000) |
| 0.16 |
| (583,333) |
| 0.15 |
| Expired |
| (1,500,000) |
| 0.32 |
| (4,890,000) |
| 0.23 |
|
|
|
|
|
|
|
|
|
|
| Outstanding, end of period |
| 16,900,539 | $ | 0.17 | $ | 16,365,209 | $ | 0.17 |