The following table summarizes the outstanding common stock warrants as of December 31, 2013:
| December 31, 2013 | ||||||||
| Weighted Average | ||||||||
| Number of Warrants | Exercise Price | |||||||
| Outstanding, January 1, 2013 | 10,050,000 | $ | 0.12 | |||||
| Granted | 9,275,800 | 0.31 | ||||||
| Exercised | - | - | ||||||
| Outstanding, December 31, 2013 | 19,325,800 | $ | 0.21 | |||||