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Warrants (Tables)
9 Months Ended
Sep. 30, 2020
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

The following table presents the fair value reconciliation of Level 3 liabilities measured at fair value during the three and nine months ended September 30, 2020 and 2019:

 

 

 

Warrants

 

 

Debt

Derivative

 

 

Total

 

Balance – January 1, 2020

 

$

7,268

 

 

$

370,971

 

 

$

378,239

 

Payment against derivative liability

 

 

 

 

 

(255,533

)

 

 

(255,533

)

Change in fair value of derivative liabilities

 

 

(6,420

)

 

 

(75,681

)

 

 

(82,101

)

Balance – March 30, 2020

 

 

848

 

 

 

39,757

 

 

 

40,605

 

Change in fair value of derivative liabilities

 

 

(848

)

 

 

(38,869

)

 

 

(39,717

)

Balance – June 30, 2020

 

 

 

 

 

888

 

 

 

888

 

Change in fair value of derivative liabilities

 

 

 

 

 

(888

)

 

 

(888

)

Balance – September 30, 2020

 

$

-

 

 

$

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Roth 2017 Warrants [Member]  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

Assumptions utilized in the valuations of the Roth 2017 Warrant upon the pricing of the February 2020 Offering and the February 2019 Offering, were as follows:

 

 

 

 

 

 

 

February 2019

 

 

 

February 2020

 

 

Offering

 

 

 

Offering

 

 

(Revised)

 

Risk-free interest rate

 

1.39%

 

 

2.43%

 

Expected life (in years)

 

2.81

 

 

3.82

 

Expected volatility of underlying stock

 

91.71%

 

 

82.62%

 

Expected dividend yield

 

 

 

 

 

 

Summary of Deemed Dividends The deemed dividends as a result of the February 2020 Offering and the February 2019 Offering are as follows:

 

 

 

February 2020

Offering

 

 

February 2019

Offering

(Revised)

 

Fair value per share of warrants at new exercise price

 

$

7.00

 

 

$

25.19

 

Fair value per share of warrants at previous exercise price

 

 

1.35

 

 

 

18.47

 

Dividend per share

 

$

5.65

 

 

$

6.72

 

Warrants outstanding prior to offering

 

 

118,696

 

 

 

118,696

 

Deemed dividend

 

$

670,632

 

 

$

797,637

 

 

Warrant [Member]  
Class Of Warrant Or Right [Line Items]  
Schedule of Fair Value Reconciliation of Level 3 Liabilities Measured

Assumptions utilized in the valuation of the February 2019 Warrant as of September 30, 2019 were as follows:

 

Risk-free interest rate

 

1.56%

 

Expected life

 

3.36 years

 

Expected volatility of underlying stock

 

64.01%

 

Expected dividend yield