Annual report pursuant to Section 13 and 15(d)

Warrants

v3.21.1
Warrants
12 Months Ended
Dec. 31, 2020
Warrants and Rights Note Disclosure [Abstract]  
Warrants
14. Warrants

 

Warrants outstanding and warrant activity for the year ended December 31, 2020 are as follows:

 

Description   Classification   Exercise Price     Expiration Date   Warrants Issued     Balance
December 31,
2019
    Warrants Cancelled/ Expired     Balance
December 31,
2020
 
                                       
Private Placement Warrants, issued January 25, 2017   Equity   $ 46.90     June 2022     85,500       85,500               85,500  
RedPath Warrants, issued March 22, 2017   Equity   $ 46.90     September 2022     10,000       10,000               10,000  
Underwriters Warrants, issued June 21, 2017   Liability   $ 13.20     December 2022     57,500       53,500               53,500  
Base & Overallotment Warrants, issued June 21, 2017   Equity   $ 12.50     June 2022     1,437,500       870,214               870,214  
Vendor Warrants, issued August 6, 2017   Equity   $ 12.50     August 2020     15,000       15,000       (15,000 )     -  
Warrants issued October 12, 2017   Equity   $ 18.00     April 2022     320,000       320,000               320,000  
Underwriters Warrants, issued January 25, 2019   Equity   $ 9.40     January 2022     65,434       65,434               65,434  
                                                 
                      1,990,934       1,419,648       (15,000 )     1,404,648  

  

The weighted average exercise price of the warrants is $15.97 and the weighted average remaining contractual life is approximately 1.4 years.