|
Shares
|
Weighted
Average
Exercise
Price
|
Weighted
Average
Remaining
Contractual Life
|
Aggregate
Intrinsic
Value
|
||||||||||
|
Outstanding at December 31, 2011
|
—
|
$
|
—
|
—
|
$
|
—
|
|||||||
|
Granted
|
500,000
|
1.00
|
3.5 years
|
—
|
|||||||||
|
Adjusted at 0.4 to 1 for Armada acquisition (See NOTE 2)
|
(300,000
|
)
|
N/A
|
N/A
|
N/A
|
||||||||
|
Outstanding and exercisable at December 31, 2012
|
200,000
|
$
|
2.50
|
3.5 years
|
$
|
—
|
|||||||
|
Assumed under Armada acquisition (See NOTE 2)
|
7,414,787
|
3.25
|
3.3 years
|
—
|
|||||||||
|
Modified
|
639,998
|
0.75
|
4.2 years
|
—
|
|||||||||
|
Granted
|
473,333
|
0.75
|
4.2 years
|
—
|
|||||||||
|
Exercised
|
—
|
—
|
—
|
—
|
|||||||||
|
Cancelled/Expired
|
(1,174,785
|
)
|
1.25
|
—
|
—
|
||||||||
|
Outstanding at December 31, 2013
|
7,553,333
|
$
|
1.96
|
4.2 years
|
$
|
—
|
|||||||
|
Exercisable at December 31, 2013
|
7,553,333
|
$
|
1.96
|
4.2 years
|
$
|
—
|
|||||||