XML 32 R22.htm IDEA: XBRL DOCUMENT

9. Stock Options and Warrants (Tables)

6 Months Ended

Jun. 30, 2016

Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]

Stock options outstanding

		Options				Weighted Avg. Exercise Price
January 1, 2016			21,535,148			$	0.30
Granted			2,250,527				0.19
Exercised			–				–
Forfeited			(61,419	)			1.46
Outstanding, June 30, 2016			23,724,256			$	0.28
Exercisable, June 30, 2016			21,473,729			$	0.29

Options outstanding by Per Share Price

		Outstanding Options								Exercisable Options
Option Exercise Price Per Share		Shares				Life (Years)		Weighted Average Exercise Price		Shares				Weighted Average Exercise Price
$ 0.21 - $ 0.99			23,573,810			5.2		$0.28			21,323,283			$0.29
$ 1.00 - $ 1.99			150,446			7.1		$1.18			150,446			$1.18
			23,724,256			5.3		$0.28			21,473,729			$0.29

Warrants outstanding

		Warrants				Weighted Avg. Exercise Price
January 1, 2016			4,411,667			$	0.31
Granted			5,626,225				0.11
Exercised			–				–
Cancelled			(695,000	)			0.49
June 30, 2016			9,342,892			$	0.17

Warrants outstanding by Per Share Price

		Outstanding Warrants								Exercisable Warrants
Warrant Exercise Price Per Share		Shares			Life (Years)			Weighted Average Exercise Price		Shares				Weighted Average Exercise Price
$ 0.25 - $ 0.99			9,342,892			1.8		$0.17			9,342,892			$0.18
$ 1.00 - $ 1.99			–			–		–			–			–
			9,342,892			1.8		$0.17			9,342,892			$0.18

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details