Summary information regarding
common stock warrants issued and outstanding as of December 31, 2015, is as follows:
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Warrants |
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Weighted Average Exercise Price
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Aggregate intrinsic value
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Weighted average remaining contractual life (years)
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Outstanding
at year ended December 31, 2013 |
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1,570,000 |
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$ |
0.80 |
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$ |
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8.6 |
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Granted |
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2,608,445 |
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0.75 |
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4.5 |
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Exercised |
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Expired |
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(8,334 |
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Outstanding
at year ended December 31, 2014 |
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4,170,111 |
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0.77 |
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6.1 |
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Granted |
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7,740,000 |
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0.10 |
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2.6 |
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Exercised |
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Expired |
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Outstanding at year ended December 31, 2015 |
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11,910,111 |
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$ |
0.33 |
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$ |
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3.5 |
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