DOCUMENT SECURITY SYSTEMS INC | 2013 | FY | 3


The following is a summary with respect to warrants outstanding and exercisable at December 31, 2013 and 2012 and activity during the years then ended:

 

    2013     2012  
          Weighted           Weighted  
          Average           Average  
          Exercise           Exercise  
    Warrants     Price     Warrants     Price  
                         
Outstanding January 1     2,255,692     $ 4.34       1,533,892     $ 5.19  
Granted during the year     8,342,064       2.82       1,091,934       4.00  
Exercised     (3,472,170 )     0.04       (215,734 )     2.82  
Lapsed/terminated     (250,000 )     5.10       (154,400 )     12.53  
                                 
Outstanding at December 31     6,875,586     $ 4.64       2,255,692     $ 4.34  
                                 
Exercisable  at December 31     6,742,253     $ 4.64       2,055,692     $ 4.32  
                                 
Weighted average months remaining             49.8               46.5  

 


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