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Warrants
 3 Months Ended
Mar. 31, 2020
Warrants  
Warrants

 

Note 7 – Warrants

The Company has issued equity-classified warrants and liability warrants in conjunction with previous equity raises. The Company had a total of 2.7 million equity-classified warrants and 4.4 million liability warrants outstanding as of March 31, 2020.

 

The following table summarizes the Company’s warrant activity:

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted Average

 

 

Number of

 

Average

 

Remaining

 

 

Warrants

 

Exercise Price

 

Contractual Life

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

7,116,000

 

$

0.57

 
3.41

Warrants issued

 

 —

 

$

 —

 

 

Warrants exercised

 

 —

 

$

 —

 

 

Warrants expired

 

 —

 

$

 —

 

 

Outstanding at March 31, 2020

 

7,116,000

 

$

0.57

 

3.16

 

 

 

The total value for the warrant derivative liability as of March 31, 2020 is approximately $1.2 million. See Note 8 for additional information regarding the warrant derivative liability.