Warrants (Tables)

9 Months Ended

Sep. 30, 2014

Warrants (Tables)

Summary of Warrants Outstanding

A summary of warrant activity for the nine months ended September 30, 2014 is presented below:

	Shares Under Warrants	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at December 31, 2013	576,650	$	0.55	6.7 years	$	44,306
Issued	225,000	$	0.50
Exercised	(53,439)	$	0.001
Expired	-
Outstanding at September 30, 2014	748,211	$	0.57	7.3 years	$	17,640