|
|
|
Number of Warrants |
|
Weighted Average |
|
Weighted |
| |
|
Balance at December 31, 2011 |
|
35,603,142 |
|
$ |
2.64 |
|
3.94 |
|
|
Granted |
|
24,482,741 |
|
0.56 |
|
4.59 |
| |
|
Cancelled |
|
(32,430,954 |
) |
2.83 |
|
3.86 |
| |
|
Forfeited |
|
— |
|
— |
|
— |
| |
|
Exercised |
|
(11,399,150 |
) |
0.42 |
|
4.64 |
| |
|
Balance at December 31, 2012 |
|
16,255,779 |
|
$ |
0.54 |
|
2.42 |
|
|
Granted |
|
13,435,590 |
|
0.40 |
|
3.00 |
| |
|
Cancelled |
|
(3,446,748 |
) |
0.65 |
|
0.60 |
| |
|
Forfeited |
|
— |
|
— |
|
— |
| |
|
Exercised |
|
— |
|
— |
|
— |
| |
|
Balance at December 31, 2013 |
|
26,244,621 |
|
$ |
0.45 |
|
2.22 |
|
|
Warrants exercisable at December 31, 2013 |
|
26,244,621 |
|
$ |
0.45 |
|
2.22 |
|
|
|
|
|
|
|
|
|
| |
|
Weighted average fair value of options granted during the year ended December 31, 2013 |
|
|
|
$ |
0.17 |
|
|
|