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Investments

12 Months Ended

Dec. 31, 2014

	Warrants Held			Options Held		Recognized Gain/(Loss)
Balance as of December 31, 2013		109,917			-			-
Warrants issued for consideration of debt extension		(109,917	)		-		-
Balance as of December 31, 2014		-

In May 2011, FPI entered into a reverse merger with FPMI, and the Company's warrants in FPI were exchanged for FPMI Warrants. During 2012, the Company recognized a gain in the amount of $115,752 as a result of the issuance of certain of these warrants to holders of promissory notes of the Company that matured during the period. During the year ended December 31, 2014, the Company assigned its remaining 109,917 FPMI Warrants, with an exercise price of $1.00 and expiring on February 15, 2019 to BHA in exchange for the extension of BHA’s previous cash deferral agreement through December 31, 2014. Following this transaction, the Company recognized a gain on the exchange in the amount of $26,660 and no longer held FPMI warrants.

- Definition

Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.

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