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

Warrants (Tables)

v2.4.0.8
Warrants (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
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 September 30, 2014     28,405,782     $ 0.653     4.61     $ -  
Exercisable September 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 September 30, 2014 and December 31, 2013, were as follows:

 

    September 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  

 
Warrant [Member]
    
Schedule of Fair Value Assumptions Related To Warrants Outstanding  

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