Quarterly report pursuant to Section 13 or 15(d)

J. STOCK OPTIONS AND WARRANTS (Tables)

v3.2.0.727
J. STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2015
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       2.32     $     0.14       175,000     $     0.14  
$ 0.16 - $0.99       1,520,225       7.43       0.18       1,280,225       0.18  
$ 1.00 - $5.60       135,000       1.02       3.29       135,000       3.29  
          1,830,225       6.47     $ 0.41       1,590,225     $ 0.44  
Option activity
    Number of 
Shares
    Weighted Average 
Price Per Share
 
Outstanding at January 1, 2014     1,735,225     $ 0.43  
Granted     200,000       0.19  
Exercised            
Cancelled or expired     (5,000 )     3.50  
Outstanding at December 31, 2014     1,930,225     $ 0.40  
Granted            
Exercised            
Cancelled or expired     (100,000 )     0.19  
Outstanding at June 30, 2015     1,830,225     $ 0.40  
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          0.62     $    0.13       7,230,778     $    0.13  
  0.18       50,000       2.41       0.18       50,000     $ 0.18  
  0.20       250,000       6.28       0.20       250,000       0.20  
  3.00       384,755       0.33       3.00       384,755       3.00  
          7,915,533       0.79     $ 0.27       7,915,533     $ 0.27  
Warrant activity
    Number of 
Shares
    Weighted Average 
Price Per Share
 
Outstanding at January 1, 2014     9,359,914     $ 0.32  
Issued     300,000       0.20  
Exercised            
Canceled or expired     (1,744,381 )     0.51  
Outstanding at December 31, 2014     7,915,533       0.27  
Issued            
Exercised            
Canceled or expired            
Outstanding at June 30, 2015     7,915,533     $ 0.27