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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Stockholders' Equity  
Schedule of warrants outstanding and exercisable for purchase of common stock

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares

 

 

 

 

 

 

 

December 31,

December 31,

 

Weighted-Average

 

 

 

Description

 

2019

2018

 

Exercise Price

 

Expiration Date

 

Liability-classified Warrants

 

 

 

 

 

 

 

 

 

December 2019 Series B1 warrants (1)

 

2,368,400

 —

 

 

$ 1.52

 

Dec 2026

 

 

 

2,368,400

 —

 

 

 

 

 

 

Equity-classified Warrants

 

 

 

 

 

 

 

 

 

May 2013 warrants

 

1,949,754

1,977,041

 

 

$ 0.08

 

None (2)

 

September 2013 warrants

 

514,756

521,997

 

 

$ 0.08

 

None (2)

 

February 2014 warrants

 

266,006

269,844

 

 

$ 0.08

 

None (2)

 

 

 

2,730,516

2,768,882

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total outstanding

 

5,098,916

2,768,882

 

 

 

 

 

 


(1)

The Series B1 warrants are exercisable for either common stock (exercise price of $1.52) or Series B1 Convertible Preferred Stock (exercise price of $152) at the discretion of the warrant holder.

(2)

In connection with December 2019 Private Placement, the expiration date on these warrants was amended to be indefinite.

Summary of warrant activity

 

 

 

 

 

 

 

 

 

Number of

 

Weighted-Average

 

 

Warrants

 

Exercise Price

Outstanding at December 31, 2018

 

2,768,882

 

$

0.08

Issued (1)

 

2,368,400

 

 

1.52

Exercised

 

(38,366)

 

 

0.08

Expired

 

 —

 

 

 —

Outstanding at December 31, 2019

 

5,098,916

 

$

0.75


(1)

During the year ended December 31, 2019, certain related parties were issued warrants as more fully described in Note 16.