Annual report pursuant to Section 13 and 15(d)

EQUITY TRANSACTIONS (Tables)

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EQUITY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2015
Equity Transactions Tables  
Schedule of warrant activity for the year

A summary of warrant activity for the years ended December 31, 2015 and December 31, 2014 is presented as follows:

 

    Number of Warrants   Exercise Price
Warrants Outstanding at January 1, 2014     10,506,430       $.40 to $1.00  
Issued     1,052,500       $1.00 to $1.25  
Exercised     (1,386,500 )     $.50  
Forfeited/expired/canceled     (558,000 )     $.50 to $1.00  
Warrants Outstanding at January 1, 2015     9,614,430       $.40 to $1.25  
Issued     450,000       $.77 to $1.25  
Exercised     (200,000 )     $.40  
Forfeited/expired/canceled     (25,000 )     $.50  
Warrants Outstanding at December 31, 2015     9,839,430       $.50 to $1.25