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Stock Options, Warrants and 401(k) Savings Plan (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity

A summary of stock options under the Company’s stock option plans follows:


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Exercise

 

 

Average

 

 

 

Number of

 

 

Price Range

 

 

Exercise

 

 

 

Shares

 

 

Per Share

 

 

Price

 

Outstanding at December 31, 2011 and 2012

 

645,000

 

 

$0.12 and $.45

 

 

$0.32

 

Options expired

 

400,000

 

 

0.45

 

 

0.45

 

Outstanding at December 31, 2013

 

245,000

 

 

0.12

 

 

0.12

 

Options expired

 

245,000

 

 

0.12

 

 

0.12

 

Outstanding at December 31, 2014

 

0

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

  

 

 

Option

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

 

 

 

 

 

 

 

Exercisable options at year end:

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options available for future grant:

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

0

 

 

 

 

 

 

 

 

 

Schedule of Warrants Outstanding

A summary of outstanding warrants follows:


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Exercise

 

 

Average

 

 

 

Number of

 

 

Price Range

 

 

Exercise

 

 

 

Shares

 

 

Per Share

 

 

Price

 

Outstanding at December 31, 2011

 

85,500

 

 

$0.045 to $0.07

 

 

$0.061

 

Warrants granted

 

47,000

 

 

0.01 to 0.07

 

 

0.036

 

Outstanding at December 31, 2012

 

132,500

 

 

0.01 to 0.07

 

 

0.052

 

Warrants granted

 

528,000

 

 

0.02 and 0.021

 

 

0.02

 

Outstanding at December 31, 2013

 

660,500

 

 

0.01 to 0.07

 

 

0.026

 

Warrants granted

 

166,365

 

 

0.02

 

 

0.02

 

Warrants canceled

 

24,500

 

 

0.03 and 0.07

 

 

0.037

 

Outstanding at December 31, 2014

 

802,365

 

 

$0.01 to $0.07

 

 

$0.025

 

 

  

 

 

 

 

 

 

 

 

 

 

  

Weighted average remaining contractual life (years)

 

5.21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Exercise

 

 

 

Average

 

 

 

 

 

 

 

Price Range

 

 

 

Exercise

 

 

 

Shares

 

 

 

Per Share

 

 

 

Price

 

Exercisable warrants at year end:

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

111,000

 

 

$0.01 to $0.07

 

 

$0.055

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

1.33