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Stock Warrants
 6 Months Ended
Jun. 30, 2020
Stockholders Equity Note [Abstract]  
Stock Warrants

 

7. Stock Warrants

As of June 30, 2020, the Company has issued warrants to purchase an aggregate of 7,556,323 shares of common stock. The Company’s warrant activity for the six months ended June 30, 2020 is summarized as follows:

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

Average

 

 

 

Number of

 

 

Exercise

 

 

Remaining

 

 

 

Shares

 

 

Price

 

 

Contractual Life (years)

 

Outstanding at December 31, 2019

 

 

7,556,323

 

 

$

4.45

 

 

 

2.8

 

Granted

 

 

—

 

 

$

—

 

 

 

 

 

Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

Outstanding at June 30, 2020

 

 

7,556,323

 

 

$

4.45

 

 

 

2.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2020

 

 

7,556,323

 

 

$

4.45

 

 

 

2.3

 

 

As of June 30, 2020, the outstanding warrants have no intrinsic value.