Quarterly report pursuant to Section 13 or 15(d)

Share Exchange Agreement, Private Placements and Common Stock Warrants (Tables)

v2.4.0.6
Share Exchange Agreement, Private Placements and Common Stock Warrants (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Of Activity Of Warrants Issued Primarily In Connection With Financing [Table Text Block]

A summary of common stock warrant activity, including warrants to purchase common stock that were issued in conjunction with the Company’s private placements, is presented in the tables below.

 

    Number
of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
(in Years)
 
Warrants outstanding at December 31, 2010     13,607,426     $ 0.625          
Issued                    
Exercised     (152,874 )     0.333          
Expired                    
Warrants outstanding at December 31, 2011     13,454,552     $ 0.607          
Issued                    
Exercised     (6,082,000 )     0.541          
Expired                    
Warrants outstanding at June 30, 2012     7,372,552     $ 0.729       0.81  
                         
Warrants exercisable at December 31, 2011     13,284,152     $ 0.608          
Warrants exercisable at June 30, 2012     7,203,592     $ 0.665       0.79  

 

 
Schedule Of Shares Authorized Under Stock Warrants By Exercise Price Range [Table Text Block]

The exercise prices of common stock warrants outstanding and exercisable are as follows at June 30, 2012:

 

      Warrants     Warrants  
Exercise     Outstanding     Exercisable  
Prices     (Shares)     (Shares)  
               
$ 0.333       273,752       273,752  
$ 0.500       2,253,800       2,084,840  
$ 0.650       120,000       120,000  
$ 0.750       4,625,000       4,625,000  
$ 1.000       50,000       50,000  
$ 1.250       50,000       50,000  
          7,372,552       7,203,592