Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.21.1
Warrants
3 Months Ended
Mar. 31, 2021
Warrants and Rights Note Disclosure [Abstract]  
Warrants
17. WARRANTS

 

Warrants outstanding and warrant activity for the three-months ended March 31, 2021 are as follows:

 

Description   Classification     Exercise Price     Expiration Date   Warrants Issued    

Balance

December 31,

2020

    Warrants Cancelled/ Expired    

Balance

March 31,

2021

 
                                         
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  
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  
                                                     
                          1,975,934       1,404,648       -       1,404,648  

 

The weighted average exercise price of the warrants is $15.97 and the weighted average remaining contractual life is approximately 1.2 years.