Sebring Software, Inc. | 2013 | FY | 3

A summary of the Company’s warrant activity for warrants without ratchet provisions for the year ended December 31, 2013 is presented below:
 
 
 
 
 
 
Weighted
Weighted
 
 
 
 
 
 
Average
Average
 
 
 
 
 
 
Exercise
Remaining
 
 
Warrants
 
Price
Life
 
Balance at beginning of year
 
 
652,170
 
$
1.89
 
 
3.83
 
Issued or Issuable
 
 
6,033,666
 
$
.02
 
 
 
 
Cancelled or Expired
 
 
-
 
 
-
 
 
 
 
Exercised
 
 
-
 
 
-
 
 
 
 
Outstanding at end of period
 
 
6,685,836
 
$
.14
 
 
9.10
 
Exercisable at end of period
 
 
6,685,836
 
$
.14
 
 
9.10

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