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10. Stockholders' deficit (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Warrants outstanding

				Number of warrants outstanding				Weighted average exercise price per share

	Outstanding at January 1, 2015				6,300,000			$	0.143
	Granted				—				—
	Cancelled/forfeited				—				—
	Exercised				—				—
	Outstanding at December 31, 2015				6,300,000				0.143
	Granted				—				—
	Cancelled/forfeited				(4,500,000	)			0.150
	Exercised				—				—
	Outstanding at March 31, 2016			$	1,800,000			$	0.126

The following table summarizes information about warrants outstanding at March 31, 2016

Exercise Price				Number of warrants				Weighted average remaining life				Weighted average exercise price

$	0.003				300,000				*			$	0.003
$	0.150				1,500,000				0.72				0.150
					1,800,000							$	0.126

Options Outstanding

				Number of options outstanding				Weighted average exercise price per share

	Outstanding at January 1, 2015				480,000			$	0.12
	Granted				—				—
	Cancelled/forfeited				—				—
	Exercised				—				—
	Outstanding at December 31, 2015				480,000				0.12
	Granted				—				—
	Cancelled/forfeited				—				—
	Exercised				—				—
	Outstanding at March 31, 2016			$	480,000			$	0.12

The following table summarizes information about options outstanding at March 31, 2016.

Exercise Price

Number of options outstanding

Number of options exercisable

Weighted average remaining life

Weighted average exercise price

$

0.12

480,000

340,000

3.59

$

0.12

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.

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