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Warrants (Tables)
12 Months Ended
Dec. 31, 2017
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrants Activity

All of the warrants are fully vested and began expiring on March 24, 2013 with the remaining warrants expiring at various dates through October 1, 2019. Information concerning the Company’s warrant activity is as follows:


 

 

2017

 

2016

 

 

 

Warrants

 

Weighted

Average

Exercise

Price

 

Warrants

 

Weighted

Average

Exercise

Price

 

Outstanding, at the beginning of year

     

 

1,315,340

 

$

0.24

 

 

1,099,915

 

$

0.32

 

Granted

 

 

 

 

 

 

350,000

 

 

0.05

 

Exercised

 

 

 

 

 

 

 

 

 

Expired

 

 

(325,178

)

 

(0.35

)

 

(134,575

)

 

(0.39

 

Outstanding, at the end of year

 

 

990,162

 

$

0.20

 

 

1,315,340

 

$

0.24

Summary of Warrants Outstanding by Price Range

 

 

 

Warrants Outstanding – December 31, 2017

 

Range of

Exercise Price

 

 

Number

Outstanding

 

 

Remaining Average

Contractual Life

(In Years)

 

 

Weighted Average

Exercise Price

 

$0.05 -$0.35

 

 

 

990,162

 

 

 

1.92

 

 

 

$0.20

 

Totals

 

 

 

990,162

 

 

 

1.92

 

 

 

$0.20