| | Warrants Outstanding | | Weighted Average Exercise Price | | Average Remaining Life in years | | Average Intrinsic Value | | ||||
Outstanding, June 30, 2012 | | | 3,348,760 | | $ | 0.96 | | | 1.45 | | | - | |
Granted | | | - | | | - | | | - | | | - | |
Forfeited | | | 33,334 | | $ | 1.8 | | | - | | | - | |
Exercised | | | - | | | - | | | - | | | - | |
Outstanding, June 30, 2013 | | | 3,315,426 | | $ | 0.95 | | | 0.41 | | | - | |
Exercisable, June 30, 2013 | | | 3,315,426 | | $ | 0.95 | | | 0.41 | | | - | |