Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events

Subsequent Events

12. Subsequent Events

From July 1, 2015 through August 10, 2015, approximately $16 million aggregate principal amount of the Notes was converted into approximately 5 million shares of Synergy common stock.  These conversions decreased the principal amount of the Notes to approximately $162 million as of August 10, 2015 from approximately $178 million as of June 30, 2015.

From July 1, 2015 through August 10, 2015 warrants to purchase 189,412 shares of common stock were exercised, yielding proceeds to the Company of $1,011,343. In addition employee stock options to purchase 62,965 shares of common stock were exercised yielding proceeds of $353,234.