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Warrants
 12 Months Ended
Jan. 02, 2016
FairValueAssumptionsRiskFreeInterestRateStockIssuance  
Warrants

The following table summarizes activity of warrants at January 2, 2016, January 3, 2015 and December 28, 2013 and changes during the years then ended:

 

      Weighted Average  
        Remaining Aggregate
    Number of Exercise Contractual Intrinsic
    Shares Price Term Value
Outstanding at December 29, 2012      10,056,914 $             0.72              0.44  
           
    Warrants Issued          
    Warrants Exercised   (8,338,564) 0.25    
    Warrants Expired   (1,718,350) 3.00    
Outstanding at December 28, 2013                      -                  -                 - -
           
Warrants Issued           469,020                1.07              4.68  
Warrants Exercised                      -                    -    
    Warrants Expired                      -                    -    
Outstanding and exercisable at January 3, 2015           469,020             1.07              4.43  
Warrants Issued           800,000             1.50    
Warrants Exercised                      -                    -    
    Warrants Expired                      -                    -    
Outstanding and exercisable at January 2, 2016        1,269,020  $            1.34              3.07 $72,205

 

The aggregate intrinsic values in the table above are based on the Company’s closing stock price of $1.22 on the last day of business for the year ended January 2, 2016.