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Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity
The following table summarizes our stock option activity for the six months ended June 30, 2014:
 
 
 
 
 
 
Weighted-
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise
 
 
 
Issuable
 
Price
 
 
 
 
 
 
 
 
 
Balance, January 1, 2014
 
 
7,502,421
 
$
1.00
 
Granted
 
 
175,000
 
 
0.54
 
Exercised
 
 
(186,225)
 
 
0.88
 
Cancelled
 
 
(313,068)
 
 
1.06
 
Balance, June 30, 2014
 
 
7,178,128
 
$
1.00
 
Options Outstanding
The following table summarizes options outstanding at June 30, 2014:
 
 
 
 
 
 
Weighted-
 
Weighted-
 
 
 
 
 
 
Number
 
Average
 
Average
 
Aggregate
 
 
 
of Shares
 
Exercise
 
Remaining
 
Intrinsic
 
 
 
Issuable
 
Price
 
Term (Years)
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable
 
 
3,768,128
 
$
0.97
 
 
3.7
 
$
100,000
 
Not vested
 
 
3,410,000
 
 
1.03
 
 
6.1
 
 
258,000
 
Balance, June 30, 2014
 
 
7,178,128
 
$
1.00
 
 
4.8
 
$
358,000
 
Schedule of Stockholders' Equity Note, Warrants or Rights
The following table sets forth our warrant activity during the six months ended June 30, 2014:
 
 
 
 
 
 
Weighted-
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise
 
 
 
Issuable
 
Price
 
 
 
 
 
 
 
 
 
Balance, January 1, 2014
 
 
41,595,655
 
$
0.69
 
Granted
 
 
7,435,901
 
 
0.70
 
Exercised
 
 
(155,568)
 
 
0.60
 
Expired
 
 
(1,333,066)
 
 
0.90
 
Cancelled pursuant to Tender Offer
 
 
(46,245,524)
 
 
0.67
 
Balance, June 30, 2014
 
 
1,297,398
 
$
1.09
 
 
The following table sets forth the warrants outstanding at June 30 2014:
 
 
 
 
 
 
Weighted-
 
 
 
Number
 
Average
 
 
 
of Shares
 
Exercise
 
 
 
Issuable
 
Price
 
 
 
 
 
 
 
 
 
10% convertible debenture - bonus warrants
 
 
183,337
 
$
0.60
 
10% convertible preferred stock – warrants
 
 
611,250
 
 
1.00
 
Consultants
 
 
502,811
 
 
1.37
 
Total
 
 
1,297,398
 
$
1.09