The following table summarizes the Company’s warrant activity:
|
|
Shares |
|
|
Weighted Average Exercise Price |
|
||
Warrants outstanding, January 1, 2011 |
|
|
64,500 |
|
|
$ |
3.03 |
|
Granted |
|
|
300,000 |
|
|
$ |
3.00 |
|
Exercised |
|
|
- |
|
|
$ |
- |
|
Canceled/expired |
|
|
- |
|
|
$ |
- |
|
Warrants outstanding, December 31, 2011 |
|
|
364,500 |
|
|
$ |
3.00 |
|
Granted |
|
|
45,045 |
|
|
$ |
4.44 |
|
Exercised |
|
|
(60,000 |
) |
|
$ |
3.01 |
|
Canceled/expired |
|
|
(300,000 |
) |
|
$ |
3.00 |
|
Warrants outstanding, December 31, 2012 |
|
|
49,545 |
|
|
$ |
4.33 |
|
Granted |
|
|
- |
|
|
$ |
- |
|
Exercised |
|
|
- |
|
|
$ |
- |
|
Canceled/expired |
|
|
- |
|
|
$ |
- |
|
Warrants outstanding, December 31, 2013 |
|
|
49,545 |
|
|
$ |
4.33 |
|