Quarterly report pursuant to Section 13 or 15(d)

NOTE 7 - OPTIONS AND WARRANTS (Tables)

v2.4.0.8
NOTE 7 - OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure Text Block Supplement [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] A summary of the stock option activity and related information for the 2012 Plan for the six months ended June 30, 2014 is as follows:

   
Shares
 
Weighted-Average
Exercise Price
 
Weighted-Average
Remaining
Contractual Term
 
Aggregate Intrinsic
Value
 
Outstanding at January 1, 2014
 
2,990,977
 
$
2.05
 
6.02
 
$
-
 
Grants
 
-
 
$
-
 
-
 
$
-
 
Exercised
 
-
                 
Forfeitures or expirations
 
-
                 
Outstanding at June 30,
2014
 
2,990,977
 
$
2.05
 
5.52
 
$
1,343,204
 
                       
Vested and expected to vest at
June 30, 2014
 
2,990,977
 
$
2.05
 
5.52
 
$
1,343,204
 
Exercisable at June 30,
2014
 
1,904,659
 
$
2.08
 
5.74
 
$
805,734
 
Schedule of Warrants or Rights, Shares Authorized, by Exercise Price Range [Table Text Block] The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company, all of which were exercisable, at June 30, 2014:

Exercise
 
Number
  Expiration
Price
 
Outstanding
  Date
$
0.001
 
383,320
     
January 2020
$
1.50
 
3,721,518
  February 2018 to
 September 2018
$
1.84
 
35,076
     
January 2020
$
2.02
 
30,755
     
January 2020
$
3.67
 
193,934
  December 2018 to
  January 2019
$
3.75
 
137,856
     
April 2019
     
4,502,459