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Convertible Debentures (Tables)
3 Months Ended
Mar. 31, 2015
Convertible Debt [Abstract]  
Schedule of Warrants Outstanding

The following table summarizes the Company’s warrant position at March 31, 2015 and December 31, 2014:


 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

Number

 

 

Exercise

 

 

Exercise

 

 

 

of Shares

 

 

Price

 

 

Price

 

 

  

                          

  

  

                          

  

  

                          

  

Outstanding warrants - December 31, 2014

 

 

802,365

 

 

$0.01 to $0.07

 

 

$

0.025

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants expired

 

 

36,000

 

 

$0.07

 

 

$

0.07

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding warrants - March 31, 2015

 

 

766,365

 

 

$0.01 to $0.07

 

 

$

0.023

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

 

5.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable warrants - March 31, 2015

 

 

75,000

 

 

$0.01 to $0.07

 

 

$

0.047

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

 

1.61