Annual report pursuant to section 13 and 15(d)

14. Equity Transactions (Tables)

v2.4.0.8
14. Equity Transactions (Tables)
12 Months Ended
Dec. 31, 2013
Equity Transactions Tables  
Schedule of preferred stock
    Series A-1 Preferred Stock     Series A-2 Preferred Stock     Series A-4 Preferred Stock     Series B-1 Preferred Stock     Series B-2 Preferred Stock     Total  
    Shares     $     Shares     $     Shares     $     Shares     $     Shares     $     Shares       $  
                                                                           
Balance at December 31, 2011     2,375       24       2,625       26       45       -       -       -       -       -       5,045       50  
Issuance of shares for cash                                                     6,028       60                       6,028       60  
Conversion of notes payable                                                     834       9                       834       9  
Balance at December 31, 2012     2,375       24       2,625       26       45       -       6,862       69       -       -       11,907       119  
Conversion of notes payable                                                                     2,052       21       2,052       21  
Conversion of preferred stock into common stock                                                     (6,862 )     (69 )                     (6,862 )     (69 )
Issuance of shares for cash                                                                     16,428       164       16,428       164  
Balance at December 31, 2013     2,375       24       2,625       26       45       -       -       -       18,480       185       23,525       235  
Schedule of stock options and warrants

The following summary presents information regarding outstanding options as of December 31, 2013 and 2012 and changes during the years then ended with regard to all options:

 

    Number of Options     Weighted Average Exercise Price  

Weighted Average

Remaining Contract Term

Outstanding at December 31, 2011     6,634,261     $ 0.75   6.86 years
Granted in 2012     2,511,500       0.11    
Forfeitures in 2012     (147,291 )     0.11    
Expirations in 2012     (134,209 )     0.21    
Outstanding at December 31, 2012     8,864,261       0.58   6.93 years
Granted in 2013     9,043,610       0.08    
Forfeitures in 2013     (152,625 )     0.11    
Expirations in 2013     (184,486 )     1.10    
Outstanding at December 31, 2013     17,570,760     $ 0.33   7.81 years
                   
Exercisable at December 31, 2013     6,482,026     $ 0.73   5.12 years

 

The following table summarizes information about stock options outstanding as of December 31, 2013:

 

Range of Exercise Prices     Options Outstanding     Weighted Average Life (Years)     Weighted Average Price     Options Exercisable     Weighted Average Price  
$0.06 - $0.10       10,500,985       9.30     $ 0.08       990,751     $ 0.09  
$0.11 - $0.17       4,450,375       7.30       0.11       2,872,375       0.11  
$0.18 - $0.31       908,000       3.85       0.31       907,500       0.31  
$0.39 - $0.69       642,000       3.25       0.69       642,000       0.69  
$0.75 - $2.28       175,750       2.45       2.28       175,750       2.28  
$2.46 - $4.38       841,150       1.33       3.41       841,150       3.41  
$4.70 - $6.45       52,500       1.15       6.20       52,500       6.20  
        17,570,760       7.81     $ 0.33       6,482,026     $ 0.73  

 

The following summarizes the information relating to warrants issued and the activity during the years ended December 31, 2013 and 2012:

 

    Number of Warrants     Per Share Exercise Price     Weighted Average Exercise Price  
Outstanding at December 31, 2011     47,615,186       0.08-1.67     $ 0.25  
Granted in 2012     43,827,454       0.01-0.16       0.10  
Exercised in 2012     -       -          
Expired in 2012     (1,468,161 )     0.48-0.64       0.61  
Outstanding at December 31, 2012     89,974,479       0.08-1.67       0.18  
Granted in 2013     117,691,970       0.01-0.17       0.10  
Expired in 2013     (6,875,289 )     0.14-0.46       0.28  
Exercised in 2013     -       -          
Outstanding at December 31, 2013     200,791,160               0.125