Equity

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Equity

NOTE 4 - EQUITY:

a.	On March 27, 2019, the Company filed with the Secretary of State of Delaware a Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a one-for-fifty reverse stock split of its common stock, par value $0.0001 per share, effective as of March 29, 2019. All related share and per share data have been retroactively applied to the financial statements and their related notes for all periods presented.
b.	During the three months ending March 31, 2019, the Company issued a total of 32,034 shares of its common stock in connection with the exercise of 32,034 Pre-Funded Warrants. The Company received aggregate cash proceeds equal to approximately $ 16,017 in connection with such exercises. As of March 31, 2019, the are no outstanding Pre-Funded Warrants.
c.	As of March 31, 2019, the Number of Preferred shares and the amount each class is convertible into is below:

	Number of Preferred Stock		Number of underlying Common stock
Series B Convertible Preferred Stock		17,303		66,617
Series C Convertible Preferred Stock		59,423		25,355
Total				91,972

* Including the shares of common stock the holders of Series B Convertible Preferred Stock are entitled to receive as cumulative dividends at the rate per share of 15% per annum of the stated value for five years, payable in cash or common stock, at the Company’s discretion, but excluding effect of future conversion price adjustment, if any.

As of March 31, 2019, the Company has outstanding warrants to purchase an aggregate of 815,197 shares of common stock as follows:

	Number of underlying Common stock		Weighted average exercise price
Series A Warrants		1,102	$	8,750
Series B Warrants		2,448	$	3,500
Series D Warrants		806,698	$	15.19
Other warrants		4,949	$	11,258
Total Warrants		815,197	$	105.71

As of March 31, 2019, the Company had 155,000,000 authorized shares of capital stock, par value $0.0001 per share, of which 150,000,000 are shares of common stock and 5,000,000 are shares of “blank check” preferred stock.

On March 21, 2019, the stockholders approved the amendment of its Long Term Incentive Plan which was adopted by our board of directors on February 4, 2019, to increase the total number of shares of common stock issuable under such plan by 500,000 shares.