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Shareholders' Deficit (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders Equity Note [Abstract]  
Schedule of Balance of all Warrants Outstanding
The balance of all warrants outstanding as of June 30, 2014 is as follows:
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Average
 
 
 
 
 
 
Exercise
 
Warrants
 
Shares
 
Price
 
Outstanding at January 1, 2014
 
 
87,929,794
 
$
0.15
 
Granted
 
 
17,790,145
 
$
0.09
 
Exchanged cancelled
 
 
-
 
$
-
 
Exchanged issued
 
 
-
 
$
-
 
Cancelled
 
 
-
 
$
-
 
Exercised
 
 
-
 
$
-
 
Outstanding at June 30, 2014
 
 
105,719,939
 
$
0.14
 
 
 
 
 
 
 
 
 
Exercisable at June 30, 2014
 
 
105,719,939
 
$
0.14
 
Schedule of stock options outstanding
Options outstanding as of June 30, 2014 are as follows:
 
 
 
Outstanding Options
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average
 
Weighted Average
 
Aggregate
 
 
 
 
 
 
Exercise Price
 
Remaining Contractual
 
Intrinsic
 
 
 
Shares
 
Per Share
 
Term (years)
 
Value (1)
 
Outstanding at January 1, 2014
 
 
15,075,000
 
$
0.14
 
 
6.94
 
 
 
 
Granted
 
 
35,550,000
 
$
0.02
 
 
-
 
 
 
 
Cancelled
 
 
(14,225,000)
 
$
0.14
 
 
-
 
 
 
 
Exercised
 
 
(931,200)
 
$
0.02
 
 
-
 
 
 
 
Outstanding at June 30, 2014
 
 
35,468,800
 
$
0.02
 
 
9.63
 
$
1,038,564
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at June 30, 2014
 
 
12,681,266
 
$
0.03
 
 
9.38
 
$
357,688
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average fair value of options granted during the period
 
 
35,550,000
 
$
0.02
 
 
-
 
 
 
 
 
(1)
These amounts represent the excess, if any, between the exercise price and $0.05, the closing market price of the Company’s common stock on June 30, 2014 as quoted on the Over-the-Counter Bulletin Board under the symbol “SCIE”.