Stockholders' Equity and Redeemable Convertible Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2016

Stockholders Equity Tables

Preferred Stock

The Company had designated separate series of its capital stock as of March 31, 2016 and December 31, 2015 as summarized below:

	Number of Shares Issued
	and Outstanding as of
	March 31,  2016		December 31,  2015		Par Value		Conversion Ratio
Series "A"		-		-	$	0.0001	N/A
Series "C"		-		-		0.0001	0.05:1
Series “D"		4,725		4,725		0.0001	0.53:1
Series “D-1"		834		834		0.0001	0.53:1
Series “F-1"		-		-		0.0001	0.05:1
Series “H"		381,967		381,967		0.0001	0.53:1
Series “I”		-		-		0.0001	1.05:1
Series “J”		-		-		0.0001	0.05:1
Series “K”		50		1,240		0.0001	263.16:1

Summary of warrant activity

A summary of warrant activity for the three months ended March 31, 2016 is presented below:

	Warrants			Weighted Average Exercise Price		Total Intrinsic Value		Weighted Average Remaining Contractual Life  (in years)
Outstanding as of December 31, 2015		2,304,888		$	7.98	$	-		2.83
Expired		(555	)		3,040.00				-
Outstanding as of March 31, 2016		2,304,333		$	7.25				2.58
Exercisable as of March 31, 2016		2,304,333		$	7.25	$	-		2.58

Summary of the restricted stock award activity

A summary of the restricted stock award activity for the three months ended March 31, 2016 is as follows:

	Number of Units			Weighted Average Grant Day Fair Value
Nonvested at December 31, 2015		-		$	-
Granted		109,764			2.20
Vested		(109,764	)		2.20
Nonvested at March 31, 2016		-		$	-

Stock-based compensation expense

Stock-based compensation for the three months ended March 31, 2016 and 2015 was comprised of the following ($ in thousands):

	For the Three Months Ended March 31,
	2016		2015
Employee restricted stock awards	$	-	$	11
Employee stock option awards		1		76
Non-employee restricted stock awards		130		-
Total compensation expense	$	131	$	87