• Filing Date: 2013-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
5. STOCKHOLDERS EQUITY (Tables)
6 Months Ended
Jun. 28, 2013
Stockholders Equity Tables  
Stock Warrants

The following warrants for our common stock were issued and outstanding on June 28, 2013 and December 28, 2012, respectively:

 

  June 28, 2013   December 28, 2012
Warrants outstanding at beginning of period 11,887,803   12,137,803
Expired  (6,312,803)    (250,000)
Warrants outstanding at end of period 5,575,000   11,887,803

 

A detail of warrants outstanding June 28, 2013 is as follows:

 

  Number of Warrants   Expiration Date
Exercisable at $0.08 per share 4,200,000   4/1/2014
Exercisable at between $0.50 and $1.00 per share 1,375,000   4/15/14 to 4/15/15
  5,575,000    
Warrant fair value assumptions
  June 28, 2013   December 28, 2012
Expected terms (years) 0.8   1.3
Expected volatility 103.9%   95.2%
Dividend yield 0.0%   0.0%
Risk-free rate 0.2%   0.2%