Quarterly report pursuant to Section 13 or 15(d)

Stock Holders Equity (Tables)

v3.5.0.2
Stock Holders Equity (Tables)
9 Months Ended
Sep. 30, 2016
Stockholders Equity Note [Abstract]  
Schedule of Stockholders Equity Note, Warrants or Rights [Table Text Block]
A summary of equity warrants outstanding as of September 30, 2016 is presented below, all of which are fully vested.
 
 
 
Shares
 
Total Warrants Issued through December 31, 2015
 
 
39,250,000
 
2016 Warrant activity:
 
 
 
 
September 12, 2016, Placement Agent Warrants, 1,600,000 issued, terms 5 years, exercisable at $0.50
 
 
1,600,000
 
September, 2016, exercised Investor Warrants at $0.75
 
 
(320,000)
 
September, 2016, exercised Placement Agent Warrants at $0.50 (cashless exercise)
 
 
(6,250)
 
September, 2016, exercised Placement Agent Warrants at $0.75 (cashless exercise)
 
 
(6,250)
 
 
 
 
 
 
Total Warrants Outstanding at September 30, 2016
 
 
40,517,500