Annual report pursuant to Section 13 and 15(d)

Warrants to Purchase Common Stock (Tables)

v2.4.0.8
Warrants to Purchase Common Stock (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of warrant activity

The following table summarizes warrant activity as of and for the year ended December 31, 2013:

 

    Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (Years)  
Outstanding at December 31, 2011     114,784     $ 0.20       1.42  
Granted     25,588     $ 0.20       1.84  
Exercised     -                  
Canceled/forfeited/expired     -                  
Outstanding at December 31, 2012     140,372     $ 0.20       1.50  
Granted     5,187,587     $ 1.20       4.37  
Exercised     (32,054 )   $ 0.20          
Canceled/forfeited/expired     -                  
Outstanding at December 31, 2013     5,295,905     $ 1.18       4.39  

 

Non-employee warrant [Member]
 
Schedule of warrant activity

The following table summarizes non-employee warrant activity under our stock-based plans as of and for the year ended December 31, 2013:

 

    Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Term (Years)  
Outstanding at December 31, 2011     150,835     $ 0.33       5.12  
Granted     25,000     $ 1.16       4.09  
Exercised     -     -       -  
Canceled/forfeited/expired     (25,000 )   $ 1.16       4.09  
Outstanding at December 31, 2012     150,835     $ 1.97          
Granted     -     $ -          
Exercised     -     $ -          
Canceled/forfeited/expired     -     -          
Outstanding at December 31, 2013     150,835     $ 1.97       1.99  
Expected to vest at December 31, 2013     150,835     $ 1.97       1.99  
Warrants exercisable     141,546     $ 1.95       1.99