WARRANTS (Tables)

9 Months Ended

Sep. 30, 2020

Warrants and Rights Note Disclosure [Abstract]

Schedule of warrant activity

A roll-forward of warrant share activity from January 1, 2020 to September 30, 2020 is shown in the following table:

	Exercise Price	Expiration Date	Issued and Outstanding Warrants as of January 1, 2020	Warrants Exercised/ Expired		Issued and Outstanding Warrants as of September 30, 2020
Consulting Warrants	$0.01	6/17/2020	6,667	(6,667)	(1)	—
Financing Warrants	$3.35	6/17/2020	62,530	(62,530)	(2)	—
Private Placement Warrants - September 2017	$4.85	9/28/2020	1,966,319	(1,966,319)	(3)	—
Placement Agent Warrants	$4.85	9/28/2020	98,846	(98,846)	(4)	—
			2,134,362	(2,134,362)		—

(1) During the nine months ended September 30, 2020, there were 6,667 warrants that were exercised through a cashless exercise which netted 6,640 shares being issued.

(2) During the nine months ended September 30, 2020, there were 62,530 warrants that expired.

(3) During the nine months ended September 30, 2020, there were 5,319 warrants that were cancelled and 1,961,000 warrants that expired.

(4) During the nine months ended September 30, 2020, there were 98,846 warrants that expired.

A roll-forward of warrant share activity from January 1, 2019 to September 30, 2019 is shown in the following table:

	Issued and Outstanding Warrants as of January 1, 2019	Warrants Exercised/ Expired		Issued and Outstanding Warrants as of September 30, 2019
Consulting Warrants	6,667	—		6,667
Financing Warrants	62,530	—		62,530
Underwriting Warrants	310,500	(310,500)	(1)	—
Private Placement Warrants - 2016	818,063	(818,063)	(2)	—
Underwriting Warrants - Public Offering 2016	122,175	(122,175)	(3)	—
Private Placement Warrants - September 2017	1,966,319	—		1,966,319
Placement Agent Warrants	98,846	—		98,846
	3,385,100	(1,250,738)		2,134,362

(1) During the nine months ended September 30, 2019, there were 310,500 warrants that expired.

(2) During the nine months ended September 30, 2019, there were 485,000 warrants exercised for cash, 44,928 warrants that were exercised through a cashless exercise which netted 1,809 shares being issued and 288,135 warrants that expired.

(3) During the nine months ended September 30, 2019, there were 122,175 warrants that expired.