Warrants (Tables)

9 Months Ended

Sep. 30, 2018

Warrants And Rights Note Disclosure [Abstract]

Schedule of Warrants to Purchase Common Stock Outstanding

The Company has warrants to purchase its common stock outstanding as of September 30, 2018, as follows:

Issued

Classification

Warrants Outstanding

Exercise Price

Expiration

September 2016

Liability

13,466,667

2.25

November 2021

March 2015

Equity

3,699

9.75

March 2025

July 2014

Equity

6,566

7.99

July 2024

July 2012

Equity

52,046

0.01

July 2022

- Definition

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.

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