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9. STOCKHOLDERS EQUITY (Tables)
12 Months Ended
Dec. 31, 2015
Stockholders Equity Tables  
A Summary Of The Status Of The Warrants Granted
For the Year Ended December 31, 2014  
    Shares     Weighted Average Exercise Price  
Outstanding at beginning of period     15,670,143     $ 0.37  
Granted     -       -  
Exercised     -       -  
Forfeited     -       -  
Expired     (4,733,299       0.68  
Outstanding at end of period     10,936,844     $ 0.23  
   
For the Year Ended December 31, 2015  
    Shares     Weighted Average Exercise Price  
Outstanding at beginning of period     10,936,844     $ 0.23  
Granted     -       -  
Exercised     -       -  
Forfeited     (800,000 )     0.75  
Expired     (400,000 )     0.49  
Outstanding at end of period     9,736,844     $ 0.19  
Schedule of warrants by warrant price range

The following table summarizes the outstanding warrants as of December 31, 2015:

 

      As of December 31, 2015     As of December 31, 2015  
      Warrants Outstanding     Warrants Exercisable  
Range of Exercise Prices     Number Outstanding     Weighted-Average Remaining Contract Life     Weighted- Average Exercise Price     Number Exercisable     Weighted-Average Exercise Price  
$ 0.06       4,500,000       2.8     $ 0.06       4,500,000     $ 0.06  
  0.08       550,000       2.2       0.08       550,000       0.08  
  0.09       625,000       2.3       0.09       625,000       0.09  
  0.15       1,571,300       1.6       0.15       1,571,300       0.15  
  0.44       1,515,544       0.6       0.44       1,515,544       0.44  
  0.60       975,000       0.7       0.60       975,000       0.60  
$ 0.06-0.60       9,736,844       2.0     $ 0.23       9,736,844     $ 0.19  

 

The following table summarizes the outstanding warrants as of December 31, 2014:

 

 

      As of December 31, 2014     As of December 31, 2014  
      Warrants Outstanding     Warrants Exercisable  
Range of Exercise Prices     Number Outstanding     Weighted-Average Remaining Contract Life     Weighted- Average Exercise Price     Number Exercisable     Weighted-Average Exercise Price  
$ 0.06       4,500,000       3.8     $ 0.06       4,500,000     $ 0.06  
  0.08       550,000       3.2       0.08       550,000       0.08  
  0.09       625,000       3.3       0.09       625,000       0.09  
  0.15       1,571,300       2.6       0.15       1,571,300       0.15  
  0.25       120,000       0.8       0.25       120,000       0.25  
  0.40       3,000,000       0.6       0.40       300,000       0.40  
  0.44       1,515,544       1.6       0.44       1,515,544       0.44  
  0.50       370,000       1.3       0.50       370,000       0.50  
  0.60       975,000       1.7       0.60       975,000       0.60  
  0.75       120,000       0.8       0.75       120,000       0.75  
  1.00       290,000       1.4       1.00       290,000       1.00  
$ 0.06-1.00       10,936,844       2.8     $ 0.23       10,936,844     $ 0.23  

 

Schedule of option activity

For the Year Ended December 31, 2015  
    Options     Weighted Average Exercise Price  
Outstanding at beginning of period     943,500     $ 0.15  
Granted     150,000     (a)  
Exercised     -       -  
Forfeited     -       -  
Expired     -       -  
Outstanding at end of period     1,093,500     $ 0.15  

(a)   On January 1, 2015, the company granted three tranches of options, 25,000, 25,000, and 100,000 which vest upon meeting specific performance measures agreed upon. The measures include achieving three specific sales targets per month for 3 consecutive months. The exercise price and expiration date of each tranche will be set upon achieving the targets. As of the date of this filing the performance measures have not been met. As a result the exercise price is undetermined and these options are excluded from the calculation of weighted average remaining life.

 

For the Year Ended December 31, 2014  
    Options     Weighted Average Exercise Price  
Outstanding at beginning of period     943,500     $ 0.15  
Granted     -       -  
Exercised     -       -  
Forfeited     -       -  
Expired     -       -  
Outstanding at end of period     943,500     $ 0.15  

 

Schedule of options by option price range

 The following table summarizes the outstanding options as of December 31, 2015:

 

 

      As of December 31, 2015     As of December 31, 2015  
      Stock Options Outstanding     Stock Options Exercisable  
Exercise Price     Number Outstanding     Weighted-Average Remaining Contract Life     Weighted- Average Exercise Price     Number Exercisable     Weighted-Average Exercise Price  
$ 0.15       953,500       1.63       0.15       943,500     $ 0.15  
(a)       150,000       -       -       -       -  
$ 0.15       1.093,500       1.63       0.15       943,500     $ 0.15  

 

The following table summarizes the outstanding options as of December 31, 2014:

 

      As of December 31, 2014     As of December 31, 2014  
      Stock Options Outstanding     Stock Options Exercisable  
Exercise Price     Number Outstanding     Weighted-Average Remaining Contract Life     Weighted- Average Exercise Price     Number Exercisable     Weighted-Average Exercise Price  
$ 0.15       943,500       2.63       0.15       943,500     $ 0.15