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Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Warrants And Rights Note Disclosure [Abstract]  
Summary of Warrants Issued to Purchase Common Stock

As of December 31, 2020, the Company issued the following warrants to purchase shares of its common stock. These warrants are exercisable any time at the option of the holder until their expiration date.  

 

 

 

Issuance Date

 

Term

 

Exercise

Price Per

Share

 

 

Warrants

Exercised

during the

Year Ended

December 31,

2019

 

 

Warrants

Outstanding at

December 31,

2019

 

 

Warrants

Exercised

during the

Year Ended

December 31,

2020

 

 

Warrants

Outstanding at

December 31,

2020

 

December 2020 Warrants

 

December 2020

 

5.5 years

 

$

3.00

 

 

 

 

 

 

 

 

 

 

 

 

2,618,658

 

December 2020 Placement Agent Warrants

 

December 2020

 

5 years

 

$

3.82

 

 

 

 

 

 

 

 

 

 

 

 

130,933

 

July 2020 Warrants

 

July 2020

 

5.5 years

 

$

3.85

 

 

 

 

 

 

 

 

 

 

 

 

641,416

 

July 2020 Placement Agent Warrants

 

July 2020

 

5.5 years

 

$

4.97

 

 

 

 

 

 

 

 

 

 

 

 

32,071

 

May 2020 Warrants

 

May 2020

 

5 years

 

$

4.78

 

 

 

 

 

 

 

 

 

 

 

 

1,392,345

 

May 2020 Placement Agent Warrants

 

May 2020

 

5 years

 

$

6.13

 

 

 

 

 

 

 

 

 

 

 

 

69,617

 

March 2020 Service and Performance Warrants

 

March 2020

 

3 years

 

$

2.50

 

 

 

 

 

 

 

 

 

 

 

 

18,350

 

February 12, 2020 Service and Performance Warrants

 

February 2020

 

2 years

 

$

4.71

 

 

 

 

 

 

 

 

 

 

 

 

150,000

 

February 3, 2020 Service and Performance Warrants

 

February 2020

 

2 years

 

$

4.91

 

 

 

 

 

 

 

 

 

 

 

 

10,000

 

September 2019 Placement Agent Warrants

 

September 2019

 

5 years

 

$

9.48

 

 

 

 

 

 

65,942

 

 

 

 

 

 

65,942

 

August 2019 Service and Performance Warrants

 

August 2019

 

2 years

 

$

1.92

 

 

 

 

 

 

20,000

 

 

 

 

 

 

20,000

 

July 2019 Service and Performance Warrants

 

July 2019

 

2 years

 

$

2.19

 

 

 

 

 

 

10,000

 

 

 

 

 

 

10,000

 

June 2019 Placement Agent Warrants

 

June 2019

 

5 years

 

$

6.29

 

 

 

 

 

 

74,479

 

 

 

 

 

 

74,479

 

April 2019 Service and Performance Warrants

 

April 2019

 

5 years

 

$

6.18

 

 

 

 

 

 

145,154

 

 

 

 

 

 

145,154

 

June 2018 Placement Agent Warrants

 

June 2018

 

5 years

 

$

12.57

 

 

 

 

 

 

69,617

 

 

 

 

 

 

69,617

 

March 2018 Placement Agent Warrants

 

March 2018

 

5 years

 

$

41.56

 

 

 

 

 

 

15,038

 

 

 

 

 

 

15,038

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

400,230

 

 

 

 

 

 

5,463,620

 

Summary of Key Terms and Activity of Liability Classified Common Stock Warrants The key terms and activity of the liability classified common stock warrants are summarized as follows: 

 

 

Issuance Date

 

Term

 

Exercise

Price Per

Share

 

 

Warrants

Exercised

during the

Year Ended

December 31,

2019

 

 

Warrants

Outstanding at

December 31,

2019

 

 

Warrants

Exercised

during the

Year Ended

December 31,

2020

 

 

Warrants

Outstanding at

December 31,

2020

 

September 2019 Warrants

 

September 2019

 

5.5 years

 

$

7.52

 

 

 

 

 

 

659,414

 

 

 

 

 

 

659,414

 

June 2019 Warrants

 

June 2019

 

5.5 years

 

$

5.00

 

 

 

1,053,745

 

 

 

435,830

 

 

 

 

 

 

435,830

 

June 2018 Warrants

 

June 2018

 

5.5 years

 

$

9.94

 

 

 

 

 

 

1,392,345

 

 

 

1,392,345

 

 

 

 

March 2018 Warrants

 

March 2018

 

5 years

 

$

10.73

 

 

 

 

 

 

1,282,832

 

 

 

641,416

 

 

 

641,416

 

Total

 

 

 

 

 

 

 

 

 

 

1,053,745

 

 

 

3,770,421

 

 

 

2,033,761

 

 

 

1,736,660