| Note 15. WARRANTS |
The
Company has the following shares of common stock reserved for exercise of the warrants outstanding as of June 30, 2016:
| |
|
June
30, 2016 |
|
| |
|
Shares
|
|
|
Weighted
Average
Exercise
Price
|
|
| |
|
|
|
|
|
|
| Warrants
outstanding beginning of year |
|
|
32,426,008 |
|
|
$ |
0.18 |
|
| Warrants
exercised |
|
|
(11,706,330 |
) |
|
|
0.12 |
|
| Warrants
granted |
|
|
8,467,104 |
|
|
|
0.18 |
|
| Warrants
expired |
|
|
(190,000 |
) |
|
|
(0.54 |
) |
| |
|
|
|
|
|
|
|
|
| Warrants
outstanding end of period |
|
|
28,996,782 |
|
|
$ |
0.18 |
|
The
following table summarizes information about fixed-price warrants outstanding:
| Range
of |
|
|
Number
Outstanding
at
|
|
|
Average
Remaining
|
|
|
Weighted |
|
| Exercise |
|
|
June
30, |
|
|
Contractual |
|
|
Average |
|
| Prices |
|
|
2016 |
|
|
Life |
|
|
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.40 |
|
|
|
333,333 |
|
|
2
Months |
|
|
$ |
0.40 |
|
| $ |
0.33 |
|
|
|
439,637 |
|
|
7
Months |
|
|
$ |
0.33 |
|
| $ |
0.16 |
|
|
|
750,000 |
|
|
9
Months |
|
|
$ |
0.16 |
|
| $ |
0.14 |
|
|
|
1,578,947 |
|
|
24
Months |
|
|
$ |
0.14 |
|
| $ |
0.21 |
|
|
|
14,946,119 |
|
|
24
Months |
|
|
$ |
0.21 |
|
| $ |
0.30 |
|
|
|
1,846,300 |
|
|
25
Months |
|
|
$ |
0.14 |
|
| $ |
0.06 |
|
|
|
7,067,002 |
|
|
28
Months |
|
|
$ |
0.06 |
|
| $ |
0.16 |
|
|
|
1,118,068 |
|
|
32
Months |
|
|
$ |
0.16 |
|
| $ |
0.13 |
|
|
|
863,392 |
|
|
33
Months |
|
|
$ |
0.13 |
|
| $ |
0.12 |
|
|
|
928,984 |
|
|
35
Months |
|
|
$ |
0.12 |
|
| $ |
0.35 |
|
|
|
1,625,000 |
|
|
48
Months |
|
|
$ |
0.35 |
|
| |
|
|
|
|
28,996,782 |
|
|
|
|
|
|
|
|
|