STOCK OPTION PLANS, SHARES RESERVED AND WARRANTS (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following summarizes the stock option activity for the years ended December 31, 2016 and 2015 below:

	2009 Equity Incentive Plan			Weighted Average Exercise Price		Weighted Average Remaining Contract Life
Balance as of December 31, 2014		1,239,722		$	5.46		8.42 years
Options Granted		933,763			5.78		8.85 years
Options Exercised		(15,000	)		3.29		—
Options Canceled		(45,685	)		5.77		—

Balance as of December 31, 2015		2,112,800		$	5.60		8.05 years

Options Granted		2,520,697			6.58		8.80 years
Options Exercised		(46,379	)		5.07		—
Options Canceled		(266,709	)		7.44		—

Balance as of December 31, 2016		4,320,409		$	6.06		7.98 years

Exercisable at December 31, 2016		2,319,963		$	5.86		7.10 years

Schedule of reserved shares of common stock for issuance upon conversion or exercise

The Company has reserved shares of common stock for issuance upon conversion or exercise at December 31, 2016 as follows:

Convertible Preferred Stock			625,013
Warrants			9,194,044
RSU			350,000
2009 Equity Incentive Plan			4,320,409
Total Shares Reserved			14,489,466

Summary of warrants outstanding

The following table summarizes warrants outstanding at December 31, 2016:

	Warrant Shares			Exercise Price Per Share		Date Issued	Expiration Date
Old Adamis Warrants		58,824		$	8.50	November 15, 2007	November 15, 2017
2013 Private Placement		22,057		$	12.16	June 26, 2013	June 25, 2018
Underwriter Warrants		186,000		$	7.44	December 12, 2013	December 12, 2018
Underwriter Warrants		27,900		$	7.44	January 16, 2014	January 16, 2019
Preferred Stock Series A Warrants		1,418,439		$	3.40	August 19, 2014	August 19, 2019
Preferred Stock Series A-1 Warrants		1,183,432		$	4.10	January 26, 2016	January 26, 2021
Bear State Bank, Collateral to Line of Credit		1,000,000	*	$	0.0001	March 28, 2016
Preferred Stock Series A-2 Warrants		1,724,137		$	2.90	July 16, 2016	July 11, 2021
2016 Common Stock, Private Placement		3,573,255		$	2.98	August 3, 2016	August 3, 2021
Total Warrants		9,194,044

*Exercisable upon default of Line of Credit at Bear State Bank, see Note 11.

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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