5. Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Equity

For the six months ended June 30, 2015, equity related transactions were as follows:

●   Opexa recognized stock-based compensation expense of $33,213 related to vested shares of restricted common stock issued to certain members of Opexa’s management and non-employee directors on February 28, 2014.

●   On April 9, 2015, Opexa issued 25,098,437 shares of stock and Series M warrants for a like number of shares upon the closing of a rights offering.  Opexa raised $13,804,140 in gross proceeds, before expenses, through subscriptions for 25,098,437 units at a price of $0.55 per unit.  Net proceeds were $12,095,294 after deduction of related fees and expenses, including dealer-manager fees, totaling $1,708,846.

●   On March 31, 2015, 20,454 shares of restricted common stock with an aggregate fair value of $11,250 were issued to certain non-employee directors for service on Opexa’s Board.  Opexa recognized stock-based compensation of $11,250 related to these shares. The shares vested immediately upon grant.

●   In June 2015, Opexa issued 7,620 shares of common stock and received gross proceeds of $3,810 upon the exercise of 7,620 Series M warrants.

●   On June 30, 2015, 25,281 shares of restricted common stock with an aggregate fair value of $11,250 were issued to certain non-employee directors for service on Opexa’s Board.  Opexa recognized stock-based compensation of $11,250 related to these shares. The shares vested immediately upon grant.