| Warrants |
Warrants outstanding and warrant
activity for the nine months ended September 30, 2017 are as follows:
| Description |
|
Classification |
|
Exercise Price |
|
|
Expiration Date |
|
Balance
December 31, 2016
|
|
|
Warrants Issued |
|
|
Warrants Exercised |
|
|
Warrants Cancelled/ Expired |
|
|
Balance
September 30, 2017
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pre-Funded Warrants, issued June 21, 2017 |
|
Liability |
|
$ |
0.01 |
|
|
None |
|
|
- |
|
|
|
2,600,000 |
|
|
|
(2,600,000 |
) |
|
|
- |
|
|
|
- |
|
| Underwriters Warrants, issued June 21, 2017 |
|
Liability |
|
$ |
1.32 |
|
|
December 2022 |
|
|
- |
|
|
|
575,000 |
|
|
|
- |
|
|
|
(40,000 |
) |
|
|
535,000 |
|
| Private Placement Warrants, issued January 25, 2017 |
|
Equity |
|
$ |
4.69 |
|
|
June 2022 |
|
|
- |
|
|
|
855,000 |
|
|
|
- |
|
|
|
- |
|
|
|
855,000 |
|
| RedPath Warrants, issued March 22, 2017 |
|
Equity |
|
$ |
4.69 |
|
|
September 2022 |
|
|
- |
|
|
|
100,000 |
|
|
|
- |
|
|
|
- |
|
|
|
100,000 |
|
| Base & Overallotment Warrants, issued June 21, 2017 |
|
Equity |
|
$ |
1.25 |
|
|
June 2022 |
|
|
- |
|
|
|
14,375,000 |
|
|
|
(747,800 |
) |
|
|
- |
|
|
|
13,627,200 |
|
| Vendor Warrants, issued August 6, 2017 |
|
Equity |
|
$ |
1.25 |
|
|
August 2020 |
|
|
- |
|
|
|
150,000 |
|
|
|
- |
|
|
|
- |
|
|
|
150,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
18,655,000 |
|
|
|
(3,347,800 |
) |
|
|
(40,000 |
) |
|
|
15,267,200 |
|
|