Nova Lifestyle, Inc. | 2013 | FY | 3


Following is a summary of the warrant activity for the years ended December 31, 2013 and 2012:

   
Number of
Warrants
   
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Term in Years
 
Outstanding at January 1, 2012
   
899,480
   
$
2.00
     
2.63
 
Exercisable at January 1, 2012
   
899,480
   
$
2.00
     
2.63
 
Granted
   
155,100
     
4.50
     
3.00
 
Exercised
   
71,300
     
2.00
     
-
 
Outstanding at December 31, 2012
   
983,280
     
2.39
     
1.69
 
Exercisable at December 31, 2012
   
983,280
     
2.39
     
1.69
 
Granted
   
 50,000
     
 4.00
     
 2.50
 
Exercised
   
510,807
     
2.00
     
-
 
Forfeited
   
-
     
-
     
-
 
Expired
   
-
     
-
     
-
 
Outstanding at December 31, 2013
   
522,473
   
2.93
     
0.93
 
Exercisable at December 31, 2013
   
522,473
   
$
2.93
     
0.93
 

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