| Warrants |
In
connection with the Wainwright underwritten public offering, the Company issued to Wainwright’s designees warrants (the
“Underwriter Warrants”) to purchase up to 654,334 shares of Common Stock (representing 7% of the aggregate number
of Firm Shares), at an exercise price of $0.9375 per share (representing 125% of the public offering price). The Underwriter Warrants
are exercisable immediately and expire three years from the date of issuance.
There
was no warrant exercise activity for the six months ended June 30, 2019. Warrants outstanding for the period ended June 30, 2019
are as follows:
| Description |
|
Classification |
|
Exercise
Price |
|
|
Expiration
Date
|
|
Warrants
Issued |
|
|
Warrants
Exercised |
|
|
Warrants
Cancelled/ Expired |
|
|
Balance December
31, 2018
|
|
|
Balance
June 30, 2019 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Private
Placement Warrants, issued January 25, 2017 |
|
Equity |
|
$ |
4.69 |
|
|
June
2022 |
|
|
855,000 |
|
|
|
- |
|
|
|
- |
|
|
|
855,000 |
|
|
|
855,000 |
|
| RedPath
Warrants,issued March 22, 2017 |
|
Equity |
|
$ |
4.69 |
|
|
September
2022 |
|
|
100,000 |
|
|
|
- |
|
|
|
- |
|
|
|
100,000 |
|
|
|
100,000 |
|
| Underwriters
Warrants,issued June 21, 2017 |
|
Liability |
|
$ |
1.32 |
|
|
December
2022 |
|
|
575,000 |
|
|
|
- |
|
|
|
(40,000 |
) |
|
|
535,000 |
|
|
|
535,000 |
|
| Base
& Overallotment Warrants,issued June 21, 2017 |
|
Equity |
|
$ |
1.25 |
|
|
June
2022 |
|
|
14,375,000 |
|
|
|
(5,672,852 |
) |
|
|
- |
|
|
|
8,702,148 |
|
|
|
8,702,148 |
|
| Vendor
Warrants,issued August 6, 2017 |
|
Equity |
|
$ |
1.25 |
|
|
August
2020 |
|
|
150,000 |
|
|
|
- |
|
|
|
- |
|
|
|
150,000 |
|
|
|
150,000 |
|
| Warrants
issued October 12, 2017 |
|
Equity |
|
$ |
1.80 |
|
|
April
2022 |
|
|
3,200,000 |
|
|
|
- |
|
|
|
- |
|
|
|
3,200,000 |
|
|
|
3,200,000 |
|
| Underwriters
Warrants,issued January 25, 2019 |
|
Equity |
|
$ |
0.9375 |
|
|
January
2022 |
|
|
654,334 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
654,334 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
19,909,334 |
|
|
|
(5,672,852 |
) |
|
|
(40,000 |
) |
|
|
13,542,148 |
|
|
|
14,196,482 |
|
|