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WARRANTS (Tables)
 3 Months Ended
Mar. 31, 2015
WARRANT  
Summary of the Company's outstanding warrants

 

 

 

 

Number of
Warrants

 

Wtd Avg.
Exercise Price

 

Wtd Avg.
Remaining
Term

 

Exercisable

 

Intrinsic
Value
of Exercisable
Warrants

 

Outstanding at December 31, 2014

 
16,527,989 

 

$
0.46 

 
3.69 

 
12,604,407 

 

$
309,821 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 
109,855 

 
0.40 

 

—

 

 

 

—

 

Granted

 
353,125 

 
0.52 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2015

 
16,771,259 

 

$
0.44 

 
3.45 

 
14,071,488 

 

$
467,316