Stockholders' Equity (Deficit)

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Stockholders' Equity (Deficit)

Stockholders’ Equity (Deficit)

Preferred Stock

The Company is authorized to issue up to 49,995,966 shares of preferred stock. As of June 30, 2020 and December 31, 2019, there were 175.53 and 105.33 shares issued and outstanding, respectively. The outstanding shares of preferred stock as of June 30, 2020 and December 31, 2019 are classified as debt. See Note 5. Debt and Note 11. Subsequent Events for additional information about the Redeemable Preferred Stock.

Common Stock

The Company is authorized to issue up to 500,000,000 shares of common stock. As of June 30, 2020 and December 31, 2019, the issued and outstanding shares were 140,325,114 and 139,060,180, respectively.

The following table presents common stock activity for the six months ended June 30, 2020 and 2019:

	Six Months Ended June 30,
	2020	2019
Common stock outstanding, beginning of period	139,060,180	98,292,530
Shares issued for acquisition of iPass	—	9,865,412
Shares issued for acquisition of Devicescape	—	400,000
Warrant exercises	—	858,344
Shares issued for conversion of note	—	84,220
Shares issued in connection with debt facility	—	425,000
Shares issued for settlement of accounts payable/debt	—	786,246
Shares issued for exercised stock options	—	176,177
Vesting of restricted and common stock awards	1,264,934	1,506,420
Common stock outstanding, end of period	140,325,114	112,394,349

Warrants

The Company has issued warrants with varying terms and conditions related to multiple financing rounds, acquisitions and other transactions. The following table summarizes warrant activity for the six months ended June 30, 2020 and the year ended December 31, 2019:

	Six Months Ended June 30, 2020	Year Ended December 31, 2019
Warrants outstanding, beginning of period	38,111,211	3,789,482
Issued	17,000,000	39,199,998
Exercised	—	(4,818,269)
Expired	(610,000)	(60,000)
Warrants outstanding, end of period	54,501,211	38,111,211

As of June 30, 2020 and December 31, 2019, 39,501,211 and 38,111,211 of the outstanding warrants have been recorded and classified as equity. Exercise prices for the outstanding warrants range from $0.37 to $5.38; the weighted average exercise price for the outstanding warrants as of June 30, 2020 is $1.66; and the outstanding warrants expire from 2020 to 2026. See Note 5. Debt for additional information about the outstanding warrants classified as liabilities.