Summary of the Company’s Warrants Activities
The table below summarizes the Company’s warrants activities:
|
|
| Number of Warrant Shares |
|
| Exercise Price Range Per Share |
|
| Weighted Average Exercise Price |
|
| Relative Fair Value at Date of Issuance |
|
| Aggregate Intrinsic Value |
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
| Balance, September 30, 2013 |
|
| — |
|
| $ | — |
|
| $ | — |
|
|
| — |
|
| $ | — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
| 2,310,000 |
|
|
| 2.00 |
|
|
| 2.00 |
|
| $ |
|
|
| — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Canceled |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
| (— | ) |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expired |
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
| — |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, December 31, 2013 |
|
| 2,310,000 |
|
| $ | 2.00 |
|
| $ | 2.00 |
|
| $ |
|
| $ | — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earned and exercisable, December 31, 2013 |
|
| 2,310,000 |
|
| $ | 2.00 |
|
| $ | 2.00 |
|
| $ |
|
| $ | — |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unvested, December 31, 2013 |
|
| — |
|
| $ | — |
|
| $ | — |
|
| $ | — |
|
| $ | — |
|