Quarterly report pursuant to Section 13 or 15(d)

J. STOCK OPTIONS AND WARRANTS (Tables)

v2.4.0.8
J. STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Options outstanding and exercisable
Options Outstanding     Options Exercisable  
Exercise Prices    

Number

Outstanding

   

Weighted Average

Remaining

Contractual Life

(Years)

   

Weighted Average

Exercise Price

   

Number

Exercisable

   

Weighted Average

Exercise Price

 
$ 0.01 - $0.15       175,000       3.57     $ 0.14       175,000     $ 0.14  
$ 0.16 - $0.99       1,420,225       8.48       0.18       1,210,060       0.18  
$ 1.00 - $5.99       140,000       2.20       3.29       140,000       3.29  
          1,735,225       7.48     $ 0.43       1,525,060     $ 0.46  
Option activity
   

Number of

Shares

   

Weighted Average

Price Per Share

 
Outstanding at January 1, 2013     1,280,642     $ 0.62  
Granted     504,583       0.18  
Exercised     -       -  
Cancelled or expired     (50,000 )     2.69  
Outstanding at December 31, 2013     1,735,225     $ 0.43  
Granted     -       -  
Exercised     -       -  
Cancelled or expired     -       -  
Outstanding at March 31, 2014     1,735,225     $ 0.43  
Warrants outstanding and exercisable
      Warrants Outstanding           Warrants Exercisable  
Exercise Prices    

Number

Outstanding

   

Weighted Average

Remaining

Contractual Life

(Years)

   

Weighted Average

Exercise Price

   

Number

Exercisable

   

Weighted Average

Exercise Price

 
$ 0.13       7,230,778       1.87     $ 0.13       7,230,778     $ 0.13  
  0.33       1,628,800       0.64       0.33       1,628,800       0.33  
  3.00       500,336       1.36       3.00       500,336       3.00  
          9,359,914       1.63     $ 0.32       9,359,914     $ 0.32  
Warrant activity
   

Number of

Shares

   

Weighted Average

Price Per Share

 
Outstanding at January 1, 2013     10,830,416     $ 0.45  
Issued     -       -  
Exercised     (86,472)       0.13  
Canceled or expired     (1,384,030)       1.36  
Outstanding at December 31, 2013     9,359,914       0.32  
Issued          -       -  
Exercised     -       -  
Canceled or expired     -       -  
Outstanding at March 31, 2014     9,359,914     $    0.32