WARRANTS FOR COMMON STOCK

6 Months Ended

Jun. 30, 2020

WARRANTS FOR COMMON STOCK

WARRANTS FOR COMMON STOCK

NOTE 10. - WARRANTS FOR COMMON STOCK

The Company issued warrants to purchase 11,293,211 shares of common stock which remain outstanding as of June 30, 2020. The warrants have an exercise price of $1.11 per share and an expiration date of November 25, 2024. The outstanding warrants do not include anti-dilution features and therefore are not considered derivative instruments and do not have an associated warrant liability.

The following table summarizes the Company’s outstanding warrant activity since December 31, 2018:

	Number of
	Warrants
	in thousands
Warrants outstanding at December 31, 2018	11,293
Warrants exercised in Q4 2019	(11,293)
Warrants issued in Q4 2019	11,293
Warrants outstanding at June 30, 2020	11,293

There were no warrants issued or exercised during the first six months of 2020.