Quarterly report pursuant to Section 13 or 15(d)

Warrants and Options (Tables)

v3.8.0.1
Warrants and Options (Tables)
 3 Months Ended
Mar. 31, 2018
Warrant [Member]  
Summarizes changes in warrants outstanding

    Number of Warrants     Weighted
Average Exercise
Price ($)		  
Outstanding at December 31, 2017     1,731,680       2.36  
Granted     -       -  
Exercised     (26,400 )     2.00  
Expired     -       -  
Outstanding at March 31, 2018     1,705,280       2.37  
                 
Exercisable at March 31, 2018     1,580,280       2.36  

Summarizes warrants issued and outstanding

Number

Outstanding

    

Number

Exercisable

    

Exercise

Price ($)

    

Weighted Average

Remaining Contractual

Life (Years)

    

Proceeds to
Company if

Exercised ($)

  
  3,350       3,350       2.00       0.00       6,700  
  948,475       948,475       2.20       0.51       2,086,645  
  520,455       520,455       2.40       0.20       1,249,092  
  150,000       25,000       2.47       0.41       370,500  
  24,000       24,000       3.00       0.01       72,000  
  19,000       19,000       3.75       0.01       71,250  
  40,000       40,000       4.53       0.06       181,200  
  1,705,280       1,580,280               1.20       4,037,387  

Option [Member]  
Summarizes changes in warrants outstanding

    Number
of Options		    

Weighted
Average

Exercise
Price ($)

  
Outstanding at December 31, 2017     2,939,134       4.09  
Granted     780,000       4.00  
Exercised     -       -  
Expired/Cancelled     (15,000 )     5.44  
Outstanding at March 31, 2018     3,704,134       4.06  
                 
Exercisable at March 31, 2018     2,814,134       4.04  

Summarizes warrants issued and outstanding

Number

Outstanding

    

Number

Exercisable

    

Exercise

Price ($)

    

Weighted Average

Remaining Contractual

Life (Years)

    

Proceeds to

Company if

Exercised ($)

  
  17,766       17,766       2.35       0.01       41,750  
  322,500       322,500       2.50       0.08       806,250  
  326,667       326,667       3.00       0.16       980,001  
  17,767       17,767       3.35       0.01       59,519  
  20,000       20,000       3.80       0.01       76,000  
  1,895,333       1,115,333       4.00       2.25       7,581,332  
  17,767       17,767       4.35       0.02       77,286  
  50,000       50,000       4.80       0.06       240,000  
  1,031,334       921,334       5.00       1.14       5,156,670  
  5,000       5,000       6.31       0.00       31,550  
  3,704,134       2,814,134               3.74       15,050,358