Warrants

3 Months Ended

Mar. 31, 2014

Stock Options and Warrants [Abstract]

10.

Warrants

During the year ended December 31, 2012, the Company issued 412,500 warrants in conjunction with short-term notes described in Note 6. Additionally, the Company issued 580,240 warrants to two existing shareholders during the year ended December 31, 2012. During the year ended December 31, 2013, the Company issued 359,100 warrants in conjunction with short-term notes described in Note 6 and 1,090,000 warrants to six existing shareholders and one note holder during the year ended December 31, 2013. No new warrants were issued during the three months ended March 31, 2014. The following is a summary of warrant activity through March 31, 2014:

Warrants Outstanding and Exercisable

		Number
		Outstanding
		at
Exercise		March 31,				Exercise
Price		2014		Life Expiration date		Price

$	0.50		1,861,600		6.8	$	0.50
$	0.38		580,240		9.0	$	0.38
			2,441,840		7.3	$	0.47

No warrants were exercised during the three months ended March 31, 2014 or the year ended December 31, 2013.

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