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WARRANTS (Tables)
3 Months Ended
Mar. 31, 2020
Other Liabilities Disclosure [Abstract]  
Summary of Warrants
 
Number of Underlying Shares (1)
 
Weighted Average Exercise Price at March 31, 2020
 
Remaining Contractual Life at March 31, 2020
(No. Years)
 
March 31, 2020
 
December 31, 2019
 
 
Liability-classified warrants
 
 
 
 
 
 
 
Issued April 2017
11,718

 
11,718

 
$8.53
 
5.08
 
 
 
 
 
 
 
 
Equity-classified warrants
 
 
 
 
 
 
 
Issued February 2020 (2)
7,500,000

 

 
$1.10
 
4.86
Issued November 2017
24,097

 
24,097

 
$7.15
 
4.63
Acquired February 2017

 
10,707

 
$—
 
Subtotal
7,524,097

 
34,804

 
$1.12
 
 
Total warrants
7,535,815

 
46,522

 
$1.13
 
 
____________________
(1)
If the Company subdivides (by any stock split, stock dividend, recapitalization or otherwise) its outstanding shares of its common stock into a smaller number of shares, the warrant exercise price is proportionately reduced and the number of shares under outstanding warrants is proportionately increased. Additionally, if the Company combines (by combination, reverse stock split or otherwise) its outstanding shares of common stock into a smaller number of shares, the warrant exercise price is proportionately increased and the number of shares under outstanding warrants is proportionately decreased.
(2)
Subject to specified conditions, the Company may voluntarily reduce the warrant exercise price of the warrants issued in February 2020.

A summary of the Company’s warrant activity during the three months ended March 31, 2020 is as follows:
 
 
 
 
 
Common Stock Warrants
 
Number
 
Weighted Average Exercise Price
Outstanding at December 31, 2019
46,522

 
$
17.93

Granted
7,500,000

 
$
1.10

Expired
(10,707
)
 
$
52.50

Outstanding at March 31, 2020
7,535,815

 
$
1.13