Note 7 - Warrants And Options |
Below is
a table summarizing the warrants issued and outstanding as of March 31, 2015.
Date |
|
Number |
|
|
Exercise |
|
|
|
Contractual |
|
|
|
Expiration |
|
|
Value if |
|
Issued |
|
Outstanding |
|
|
Price
$ |
|
|
|
Life
(Years) |
|
|
|
Date |
|
|
Exercised
$ |
|
03/15/11 |
|
200,000 |
|
|
|
0.50 |
|
|
|
5 |
|
|
|
3/15/2016 |
|
|
|
100,000 |
|
03/24/11 |
|
100,000 |
|
|
|
0.50 |
|
|
|
5 |
|
|
|
3/24/2016 |
|
|
|
50,000 |
|
04/01/11 |
|
100,000 |
|
|
|
0.50 |
|
|
|
5 |
|
|
|
4/1/2016 |
|
|
|
50,000 |
|
06/21/11 |
|
100,000 |
|
|
|
0.50 |
|
|
|
5 |
|
|
|
6/21/2016 |
|
|
|
50,000 |
|
07/13/11 |
|
250,000 |
|
|
|
1.05 |
|
|
|
5 |
|
|
|
07/13/16 |
|
|
|
262,500 |
|
05/11/12 |
|
344,059 |
|
|
|
2.60 |
|
|
|
4 |
|
|
|
05/10/16 |
|
|
|
894,553 |
|
05/11/12 |
|
26,685 |
|
|
|
1.75 |
|
|
|
3 |
|
|
|
05/10/15 |
|
|
|
46,699 |
|
03/20/13 |
|
150,000 |
|
|
|
2.47 |
|
|
|
3 |
|
|
|
03/20/16 |
|
|
|
370,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
to 12/20/19 |
|
|
|
|
|
06/10/13 |
|
29,750 |
|
|
|
2.00 |
|
|
|
5 |
|
|
|
12/10/18 |
|
|
|
59,500 |
|
08/07/13 |
|
45,000 |
|
|
|
2.40 |
|
|
|
3 |
|
|
|
08/07/16 |
|
|
|
108,000 |
|
11/25/13 |
|
456,063 |
|
|
|
2.40 |
|
|
|
5 |
|
|
|
11/25/18 |
|
|
|
1,094,551 |
|
12/31/13 |
|
64,392 |
|
|
|
2.40 |
|
|
|
5 |
|
|
|
11/25/18 |
|
|
|
154,541 |
|
01/28/14 |
|
10,000 |
|
|
|
2.40 |
|
|
|
3 |
|
|
|
01/28/17 |
|
|
|
24,000 |
|
02/26/14 |
|
1,505,975 |
|
|
|
2.20 |
|
|
|
5 |
|
|
|
02/26/19 |
|
|
|
3,313,145 |
|
09/05/14 |
|
10,000 |
|
|
|
2.40 |
|
|
|
3 |
|
|
|
09/05/17 |
|
|
|
24,000 |
|
09/26/14 |
|
24,000 |
|
|
|
3.00 |
|
|
|
3 |
|
|
|
09/26/17 |
|
|
|
72,000 |
|
11/17/14 |
|
19,000 |
|
|
|
3.75 |
|
|
|
3 |
|
|
|
11/17/17 |
|
|
|
71,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
03/31/15 |
|
3,434,924 |
|
|
|
1.96 |
|
|
|
4.7 |
|
|
|
|
|
|
|
6,745,239 |
|
On August
5, 2014, it was approved at the Companys Annual General Meeting to increase the number of restricted shares that the Company
is authorized to issue under the 2011 Equity Incentive Plan to 2,000,000.
Below is
a table summarizing the options issued and outstanding as of March 31, 2015.
Date |
|
Number |
|
|
Exercise |
|
|
Contractual |
|
|
Expiration |
|
|
Value if |
|
Issued |
|
Outstanding |
|
|
Price
$ |
|
|
Life
(Years) |
|
|
Date |
|
|
Exercised
$ |
|
11/25/11 |
|
|
630,000 |
|
|
|
3.00-5.00 |
|
|
|
3 |
|
|
|
05/25/15-11/25/17 |
|
|
|
2,520,000 |
|
09/01/12 |
|
|
30,000 |
|
|
|
4.31-6.31 |
|
|
|
3 |
|
|
|
03/01/16-09/01/18 |
|
|
|
159,300 |
|
12/13/12 |
|
|
100,000 |
|
|
|
3.01 |
|
|
|
3 |
|
|
|
12/13/15 |
|
|
|
301,000 |
|
03/20/13 |
|
|
37,000 |
|
|
|
2.35-4.35 |
|
|
|
3 |
|
|
|
09/20/16-03/20/19 |
|
|
|
123,950 |
|
09/02/13 |
|
|
16,300 |
|
|
|
2.35-4.35 |
|
|
|
3 |
|
|
|
03/02/14-09/02/16 |
|
|
|
54,605 |
|
05/16/14 |
|
|
25,000 |
|
|
|
3.00-5.00 |
|
|
|
3-5.5 |
|
|
|
11/16/17-05/16/20 |
|
|
|
100,000 |
|
08/18/14 |
|
|
670,000 |
|
|
|
2.50-3.00 |
|
|
|
4.5-5.5 |
|
|
|
02/18/19-02/18/20 |
|
|
|
1,842,500 |
|
08/18/14 |
|
60,000 |
|
|
3.00-5.00 |
|
|
3.5-6.0 |
|
|
02/18/18-08/18/20 |
|
|
240,000 |
|
03/31/15 |
|
1,568,300 |
|
|
|
3.41 |
|
|
3.4 |
|
|
|
|
|
5,341,355 |
|
Total remaining unrecognized compensation cost related
to non-vested stock options is approximately $457,920 and is expected to be recognized over a period of three years.
|