Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants

v3.5.0.2
Stock Warrants
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Stock Warrants
Note 9 — Stock Warrants
  
A summary of the various changes in warrants during the six-month period ended June 30, 2016 is as follows:
 
 
 
Number of
Shares
 
Weighted 
Average 
Exercise 
Price
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
535,091
 
$
2.43
 
Issued During the Period
 
 
 
 
 
Exercised During the Period
 
 
(15,000)
 
 
3.00
 
Expired During the Period
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at June 30, 2016
 
 
520,091
 
$
2.37
 
 
The outstanding warrants as of June 30, 2016 expire from November 3, 2017 to August 5, 2018. The weighted average remaining term of the warrants is 1.8 years.
 
A total of $45,000 in cash was received from warrant exercises for the six months ended June 30, 2016. No warrants were exercised in the six months ended June 30, 2015.