At December 31, 2013, the Company had outstanding warrants to purchase the Company’s common stock which were issued in connection with multiple financing arrangements and consulting agreements. Information relating to these warrants is summarized as follows:
| Warrants | Remaining Number Outstanding |
Weighted Average Remaining Life (Years) |
Weighted Average Exercise Price |
|||||||||
| Warrants-Financing | 7,000,000 | 2.22 | $0.34 | |||||||||
| Warrants-Consulting Agreement | 825,000 | 0.77 | $0.30 | |||||||||
| Warrants-Note Conversions | 2,302,538 | 1.30 | $0.39 | |||||||||
| Warrants-Stock Purchases | 7,306,128 | 3.42 | $0.35 | |||||||||
| Warrants-Services | 400,000 | 1.06 | $0.50 | |||||||||
| Total | 17,833,666 | |||||||||||