On December 31, 2013, the Company had the following outstanding warrants:
Weighted
Remaining Average
Exercise Number of Contractual Life Exercise Price times Exercise
Price Shares (in years) Number of Shares Price
----- ------ ---------- ---------------- -----
$0.025 2,000,000 1 $ 50,000
$0.020 4,000,000 1 80,000
$0.125 500,000 .50 62,500
$0.125 420,000 1.50 52,500
--------- --------
6,920,000 $245,000 $0.035
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Remaining
Number of Weighted Average Contractual Life
Warrants Shares Exercise Price (in years)
-------- ------ -------------- ----------
Outstanding at January 1, 2012 6,920,000 $0.035
--------- ------
Issued -- --
Exercised -- --
Expired/Cancelled -- --
--------- ------
Outstanding at January 1, 2013 6,920,000 $0.035
--------- ------
Issued -- --
Exercised -- --
Expired/Cancelled -- --
Outstanding at December 31, 2013 6,920,000 $0.035 1.0
--------- ------ ------
Exercisable at December 31, 2013 6,920,000 $0.035 1.0
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