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)
6 Months Ended
Jun. 30, 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       3.32     $ 0.14       175,000     $ 0.14  
$ 0.16 - $0.99       1,620,225       8.42       0.18       1,235,225       0.18  
$ 1.00 - $5.99       140,000       1.95       3.29       140,000       3.29  
          1,935,225       7.49     $ 0.41       1,550,225     $ 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     200,000       0.19  
Exercised            
Cancelled or expired            
Outstanding at June 30, 2014     1,935,225     $ 0.41  
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       1.62     $ 0.13       7,230,778     $ 0.13  
  0.33       1,628,800       0.39       0.33       1,628,800       0.33  
  3.00       500,336       1.11       3.00       500,336       3.00  
          9,359,914       1.38     $ 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 June 30, 2014     9,359,914     $ 0.32