Warrants (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following table provides the number of warrants, exercise price and aggregate proceeds to the Company if exercised as of March 31, 2015 and December 31, 2014:

	March 2015				2013 Series B Warrants				December 2013				2013 Convertible Notes				2011				Totals
																							Weighted
																							Average
			Exercise				Exercise				Exercise				Exercise				Exercise				Exercise
	Shares		Price		Shares		Price		Shares		Price		Shares		Price		Shares		Price		Shares		Price
Balance, December 31, 2014		—	$	—		26,184,480	$	0.14		4,320,420	$	0.25		7,030,387	$	0.14		1,355,164	$	0.46		38,890,452	$	0.16
Issuances		24,424,244		0.22		—		—		—		—		—		—		—		—		24,424,244		0.22
Exercises		—		—		—		—		—		—		—		—		—		—		—		—
Balance, March 31, 2015		24,424,244	$	0.22		26,184,480	$	0.14		4,320,420	$	0.17		7,030,387	$	0.14		1,355,164	$	0.46		63,314,696	$	0.18

Aggregate proceeds if exercised	$	5,251,213			$	3,665,827			$	712,869			$	984,254			$	623,375			$	11,237,538

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details