Note 9 - Warrants to Purchase Common Stock

3 Months Ended

Mar. 31, 2016

Note 9 - Warrants to Purchase Common Stock

Note 9 - Warrants to Purchase Common Stock

Note 9 – Warrants to Purchase Common Stock

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. No warrants were issued during the first quarter ended March 31, 2016. All warrants outstanding as of March 31, 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		—		—		—
Expired		2,475		50.50		—
Outstanding at March 31, 2016		75,987	$	30.51		3.29
Exercisable at March 31, 2016		75,987	$	30.51		3.29