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Convertible Debentures (Tables)
3 Months Ended
Mar. 31, 2016
Convertible Debt [Abstract]  
Schedule of Warrants Outstanding

The following table summarizes all warrant activity of the Company since December 31, 2015:

 

 

 

 

 

 

 

Weighted Average

 

 

Number

 

Exercise

 

Exercise

 

 

of Shares

 

Price

 

Price

 

 

 

 

 

 

 

Outstanding warrants - December 31, 2015

 

756,365

 

$0.01 to $0.07

 

$0.022

 

 

 

 

 

 

 

Warrants expired

 

15,000

 

$0.06

 

$0.06

 

 

 

 

 

 

 

Outstanding warrants - March 31, 2016

 

741,365

 

$0.01 to $0.07

 

$0.021

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

4.35

 

 

 

 

 

 

 

 

 

 

 

Exercisable warrants - March 31, 2016

 

575,000

 

$0.01 to $0.07

 

$0.022

 

 

 

 

 

 

 

Weighted average remaining contractual life (years)

 

4.08