XML 40 R32.htm IDEA: XBRL DOCUMENT

Capital Stock Activity (Tables)

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Schedule Of Proceeds From Stock Issuances [Table Text Block]

The following table lists the sources of and the proceeds from those issuances:

Source		# of Shares				Total Proceeds

Sale of shares pursuant to registered direct offering			9,090,911			$	5,000,001
Sale of shares pursuant to October 2010 equity purchase agreement			450,000			$	303,000
Issuance of shares in lieu of cash for fees incurred pursuant to February 2013 equity purchase agreement			375,000			$	—
Issuance of shares for conversion of 4% Convertible Notes			345,580			$	—
Issuance of shares for release of security interest in patents			250,000			$	—
Issuance of shares in lieu of cash for consultant			17,500			$	—

Totals			10,528,991			$	5,303,001

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes the stock options granted by the Company during the three months ended March 31, 2013. These options were granted to employees and board members under the Company’s Long-Term Incentive Plan.

Three Months Ended
March 31, 2013

Options Granted				Exercise Price

	303,000				$0.51 - $0.53

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The Company had the following outstanding warrants and options:

		# Outstanding

Equity Instrument		March 31, 2013				December 31, 2012

Fitch/Coleman Warrants⁽¹⁾			975,000				975,000
August 2009 Warrants⁽²⁾			1,070,916				1,070,916
April 2010 Warrants⁽³⁾			1,295,138				1,295,138
October 2010 Warrants⁽⁴⁾			1,488,839				1,488,839
Guarantor 2011 Warrants⁽⁵⁾			916,665				916,665
February 2012 Inducement Warrants⁽⁶⁾			1,180,547				1,180,547
February 2012 Aldagen Warrants⁽⁷⁾			2,115,596				2,115,596
February 2013 MidCap Warrants⁽⁸⁾			1,079,137				—
February 2013 Subordination Warrants⁽⁹⁾			800,000				—
February 2013 Worden Warrants⁽¹⁰⁾			250,000				—
February 2013 RDO Warrants⁽¹¹⁾			6,363,638				—
February 2013 PA Warrants⁽¹²⁾			136,364				—
Other warrants⁽¹³⁾			200,000				200,000
Options issued under the Long-Term Incentive Plan⁽¹⁴⁾			8,162,952				7,866,953

(1)

These warrants were issued in connection with the August 2, 2007 Term Sheet Agreement and Shareholders’ Agreement with the Company’s then outside patent counsel, Fitch Even Tabin & Flannery and The Coleman Law Firm, and have a 7.5 year term. The strike prices on the warrants are: 325,000 at $1.25 (Group A); 325,000 at $1.50 (Group B); and 325,000 at $1.75 (Group C). The Company may call up to 100% of these warrants, provided that the closing stock price is at or above the following call prices for ten consecutive trading days: Group A — $4/share; Group B — $5/share; Group C — $6/share. If the Company exercises its right to call, it shall provide at least 45 days notice for one-half of the warrants subject to the call and at least 90 days notice for the remainder of the warrants subject to the call.

(2)

These warrants were issued in connection with the August 2009 financing, are voluntarily exercisable at $0.51 per share and expire in February 2014. These amounts reflect adjustments for an additional 420,896 warrants due to anti-dilutive provisions. These warrants were previously accounted for as a derivative liability through January 28, 2011. At that time, they were modified to remove non-standard anti-dilution clauses and the associated derivative liability and related deferred financing costs were reclassified to APIC.

(3)

These warrants were issued in connection with the April 2010 Series D preferred stock offering, are voluntarily exercisable at $0.54 per share and expire on April 9, 2015.

(4)

These warrants were issued in connection with the October 2010 financing. They have an exercise price of $0.60 and expire on April 7, 2016. These warrants were previously accounted for as a derivative liability through January 28, 2011. At that time, they were modified to remove non-standard anti-dilution clauses and the associated derivative liability and related deferred financing costs were reclassified to APIC.

(5)

These warrants were issued pursuant to the Guaranty Agreements executed in connection with the Promissory Note issued in April 2011. These warrants have an exercise price of $0.50 per share and expire on April 28, 2016.

(6)

These warrants were issued in connection with the February 2012 warrant exercise agreements executed with certain existing Cytomedix warrant holders. These warrants have an exercise price of $1.42 per share and expire on December 31, 2014.

(7)

These warrants were issued in February 2012 in connection with the warrant exchange agreements between Cytomedix and various warrant holders of Aldagen. These warrants have an exercise price of $1.42 per share and expire on December 31, 2014.

(8)

These warrants were issued in connection with the February 2013 financing. They are voluntarily exercisable, have an exercise price of $0.70 per share and expire on February 19, 2020.

(9)

These warrants were issued in connection with the February 2013 financing, have an exercise price of $0.70 per share, and expire on February 19, 2018. They are only exercisable if the JPNT Note remains outstanding on or after 04-28-2015 (50% of total) and 04-15-2016 (remainder).

(10)

These warrants were issued in connection with the February 2013 financing. They are voluntarily exercisable, have an exercise price of $0.70 per share, and expire on February 19, 2020.

(11)

These warrants were issued in connection with the February 2013 registered direct offering. They are voluntarily exercisable, have an exercise price of $0.75 per share, and expire on February 22, 2018.

(12)

These warrants were issued to the placement agent in connection with the February 2013 registered direct offering. They are exercisable on or after August 21, 2013, have an exercise price of $0.66 per share, and expire on February 22, 2018.

(13)

These warrants were issued to a consultant in exchange for services provided. They are voluntarily exercisable, have an exercise price of $1.50 per share, and expire on February 24, 2014. There is no call provision associated with these warrants.

(14)

These options were issued under the Company’s shareholder approved Long-Term Incentive Plan.

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details