A summary of the activity of the Company's warrants for the years ended December 31, 2013 is presented below.
| Weighted Avg | ||||
| Shares | Exercise Price | |||
| Outstanding at December 31, 2012 | 64,652,375 | $ | 0.09 | |
| Granted | 44,643,398 | $ | 0.05 | |
| Exercised | (12,468,526) | $ | 0.03 | |
| Cancelled | (8,255,406) | $ | 0.13 | |
| Outstanding at December 31, 2013 | 88,571,841 | $ | 0.07 | |
| Exercisable at December 31, 2013 | 77,263,508 | $ | 0.07 |
The following summarizes the total warrants outstanding and exercisable as of December 31, 2013.
| Warrants Outstanding | Warrants Exercisable | |||||||||||||||
| Warrants | Weighted Avg | Weighted Avg | Warrants | Weighted Avg | Weighted Avg | |||||||||||
| Ranges | Outstanding | Remaining Life | Exercise Price | Exercisable | Remaining Life | Exercise Price | ||||||||||
| $0.03 - $0.25 | 88,571,841 | 1.92 | $ | 0.07 | 77,263,508 | 1.92 | $ | 0.07 | ||||||||
| $0.25 - $2.50 | - | - | $ | - | - | - | $ | - | ||||||||
| 88,571,841 | 77,263,508 | |||||||||||||||