Quarterly report pursuant to sections 13 or 15(d)

COMMON STOCK PURCHASE WARRANTS AND OPTIONS (Tables)

v2.4.0.8
COMMON STOCK PURCHASE WARRANTS AND OPTIONS (Tables)
3 Months Ended
Mar. 31, 2014
COMMON STOCK PURCHASE WARRANTS AND OPTIONS [Abstract]  
Schedule of Warrants Outstanding

Following is a summary of activity for warrants to purchase Class A common stock for the three months ending March 31, 2014.


                 

 

 

March 31, 2014

 

  

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

Outstanding at beginning of period

 

 

29,859,375

 

 

$

0.031

 

Granted

 

 

6,874,688

 

 

$

0.012

 

Exercised

 

 

7,875,000

 

 

$

0.012

 

Outstanding at end of period

 

 

28,859,063

 

 

$

0.02

 

Exercisable at end of period

 

 

28,859,063

 

 

$

0.02

 

Schedule of Stock Option Activity

Following is a summary of stock option activity for the three months ending March 31, 2014.


                 

 

 

March 31, 2014

 

  

 

Shares

 

 

Weighted

Avg

Exercise

Price

 

Outstanding at beginning of period

 

 

1,000,000

 

 

$

0.030

 

Granted

 

 

3,150,000

 

 

$

0.02

 

Outstanding at end of period

 

 

4,150,000

 

 

$

0.02

 

Exercisable at end of period

 

 

2,000,000

 

 

$

0.02