Information concerning the Company's warrant activity is as follows:
|
|
| 2013 |
| 2012 |
| ||||||||
|
|
| Weighted Average Exercise |
| Weighted Average Exercise |
| ||||||||
|
|
| Warrants |
| Price |
| Warrants |
| Price |
| ||||
| Outstanding, at the beginning of year |
|
| 3,899,758 |
| $ | .77 |
|
| 4,096,476 |
| $ | .73 |
|
| Granted |
|
| - |
|
| - |
|
| - |
|
| - |
|
| Exercised |
|
| - |
|
| - |
|
| 196,718 |
|
| .35 |
|
| Expired |
|
| (1,628,275 | ) |
| 1.20 |
|
| - |
|
| - |
|
| Outstanding, at the end of year |
|
| 2,271,483 |
| $ | .46 |
|
| 3,899,758 |
| $ | .77 |
|