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Stock Warrants
9 Months Ended
Sep. 30, 2016
Warrants and Rights Note Disclosure [Abstract]  
Stock Warrants

Note 10 – Stock Warrants

 

Subsequent to the restructuring of the Company and the spin-out, the Company had warrants to purchase common stock outstanding that were not terminated and have continued as part of the operations as detailed below. The warrants were adjusted for a 1 for 101 stock split due to the spin-out and restructuring plan as authorized. All warrants outstanding as of September 30, 2016 are scheduled to expire at various dates through 2019. A summary of warrants issued, exercised and expired are as follows:

 

 

 

Shares

 

 

Weighted- Average Exercise Price

($)

 

 

Weighted-
Average Remaining Contractual Term

 

Outstanding at December 31, 2015

 

 

78,462

 

 

$

29.55

 

 

 

3.43

 

Granted

 

 

66,666

 

 

 

2.50

 

 

 

2.00

 

Expired

 

 

(2,475

)

 

 

50.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

142,653

 

 

$

17.42

 

 

 

2.50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2016

 

 

142,653

 

 

$

17.42

 

 

 

2.50