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WARRANTS (Tables)
 6 Months Ended
Jun. 30, 2014
WARRANTS  
Summary of the Company's outstanding warrants

 

 

Number of
Warrants

 

Wtd Avg.
Exercise Price

 

Wtd Avg.
Remaining
Term

 

Intrinsic
Value

 

Outstanding at December 31, 2013

 

18,770,591

 

$

0.35

 

4.64

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Granted

 

5,048,975

 

0.40

 

 

 

 

 

Less Exercised

 

1,350,000

 

0.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2014

 

22,469,566

 

$

0.40

 

4.15

 

$

71,836