|
Number of Warrants |
Weighted Average Exercise Price |
|||||||
|
Outstanding as of January 1, 2011 |
4,332,310 | $ | 4.61 | |||||
|
Granted during 2011 |
450,000 | $ | 5.00 | |||||
|
Exercised |
(6,000 | ) | $ | 4.50 | ||||
|
Forfeited /expired |
- | $ | - | |||||
|
Outstanding as of December 31, 2011 |
4,776,310 | $ | 4.65 | |||||
|
Forfeited /expired |
(4,326,310 | ) | $ | 4.61 | ||||
|
Outstanding as of December 31, 2012 |
450,000 | $ | 5.00 | |||||
|
Outstanding as of December 31, 2013 |
450,000 | $ | 5.00 | |||||