Common Stock

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Note 12 - Common Stock

The following is a summary of warrants outstanding and exercisable at June 30, 2015 and 2014 and activity during the six months then ended:

	2015				2014
			Weighted				Weighted
			Average				Average
			Exercise				Exercise
	Warrants		Price		Warrants		Price
Outstanding January 1		3,043,814	$	1.00		2,109,364	$	0.99
Issued during 6 months ended June 30,		32,125		1.00		538,800		1.00
Exercised		-		-		-		-
Lapsed		1,044,864		1.00		-		-
Outstanding at June 30,		2,031,075		0.99		2,648,164	$	0.99
Exercisable at June 30,		2,031,075	$	0.99		2,648,164	$	0.99
Weighted average months remaining				10.02				16.94

See Note 8 – Series A-2 Redeemable Convertible Preferred Stock and Note 10 – Series B-1 Redeemable Convertible Preferred Stock related to warrants granted during the six months ended June 30, 2015 and 2014, respectively.