General form of registration statement for all companies including face-amount certificate companies

Warrants (Tables)

v2.4.0.8
Warrants (Tables)
 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2013
Warrant [Member]
Dec. 31, 2013
Warrant [Member]
Schedule of Stock Warrants Activity

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted
average
exercise price 		    Weighted 
average
remaining 
contractual
term in years 		    Aggregate
intrinsic value 		 
Outstanding January 1, 2013     3,693,971     $ 0.450       4.81     $ -  
Exercisable January 1, 2013     3,693,971     $ 0.450       4.81     $ -  
Granted     -                          
Exercised     -                          
Forfeited     (298,138 )                        
Outstanding December 31, 2013     3,395,833     $ 0.450       5.28     $ -  
Exercisable December 31, 2013     3,395,833     $ 0.450       5.28     $ -  
Canceled     (3,395,833 )                        
Granted     28,405,782                          
Exercised     -                          
Forfeited     -                          
Outstanding June 30, 2014     28,405,782     $ 0.653       4.61     $ -  
Exercisable June 30, 2014     28,405,782     $ 0.653       4.61     $ -  

The following is a summary of the Company’s warrant activity:

 

    Warrants     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining Contractual
Term in Years		     Aggregate Intrinsic Value  
Outstanding January 1, 2012     4,182,261     $ 0.45       4.77       -  
Exercisable January 1, 2012     4,182,261     $ 0.45       4.77       -  
Granted     418,470     $ 0.45       5.00          
Exercised     -                          
Forfeited/Cancelled     (906,760 )   $ 0.45                  
Outstanding December 31, 2012     3,693,971     $ 0.45       4.81       -  
Exercisable December 31, 2012     3,693,971     $ 0.45       4.81       -  
Granted     -                          
Exercised     -                          
Forfeited/Cancelled     (298,138 )   $ 0.45                  
Outstanding December 31, 2013     3,395,833     $ 0.45       5.28       -  
Exercisable December 31, 2013     3,395,833     $ 0.45       5.28       -  

   
Schedule of Fair Value Assumptions Related To Warrants Outstanding    

The range of fair value assumptions related to warrants outstanding as of June 30, 2014 and December 31, 2013, were as follows:

 

    June 30, 2014     December 31, 2013  
Dividend yield     0.0%       0.0%  
Risk-free rate     0.12% - 0.66%       0.62% - 4.59%  
Expected volatility     112% - 159%       108% - 167%  
Expected term     1.0  - 2.5 years       2.5 - 10.0 years  

The range of fair value assumptions related to warrants outstanding as of December 31, 2013 and 2012, were as follows:

 

    2013     2012  
Dividend yield     0.0%       0.0%  
Risk-free rate     0.62% - 4.59%       0.62% - 4.59%  
Expected volatility     108% - 167%       108% - 167%  
Expected term     2.5 - 10.0 years       2.5 - 10.0 years