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Warrants
12 Months Ended
Dec. 31, 2019
Warrants and Rights Note Disclosure [Abstract]  
Warrants

16. Warrants


At December 31, 2019 and 2018, 350,000 and 773,336 shares, respectively, of common stock have been reserved for issuance under outstanding warrants. All of the warrants are fully vested and began expiring on March 24, 2013 with the remaining warrants expiring at various dates through October 1, 2019. Information concerning the Company’s warrant activity is as follows:


 

 

2019

 

2018

 

 

 

Warrants

 

Weighted

Average

Exercise

Price

 

Warrants

 

Weighted

Average

Exercise

Price

 

Outstanding, at the beginning of year

     

 

773,336

$

 

0.16

 

 

990,162

 

$

0.20

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Expired

 

 

(423,336

)

 

0.25

 

 

(216,826

)

 

0.35

 

Outstanding, at the end of year

 

 

350,000

 

$

0.05

 

 

773,336

 

$

0.16

 


 

 

 

Warrants Outstanding – December 31, 2019

 

Range of

Exercise Price

 

 

Number

Outstanding

 

 

Remaining Average

Contractual Life

(In Years)

 

 

Weighted Average

Exercise Price

 

$0.05

 

 

 

350,000

 

 

 

1.2

 

 

$

0.09

 

Totals

 

 

 

350,000

 

 

 

1.2

 

 

$

0.09