• Filing Date: 2013-11-07
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
5. STOCKHOLDERS EQUITY (Tables)
9 Months Ended
Sep. 27, 2013
Stockholders equity:  
Stock Warrants
   

September 27,

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 September 27, 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
   

September 27,

2013

   

December 28,

2012

 
Expected terms (years)     0.5       1.3  
Expected volatility     74.6 %     95.2 %
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.03 %     0.2 %