Stock-based Compensation, Warrants and Shares Reserved (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

The following summarizes the stock option activity for the six months ended June 30, 2021 below:

The following summarizes the stock option activity for the six months ended June 30, 2021 below:

	2009 Equity Incentive Plan			Weighted Average Exercise Price		Weighted Average Remaining Contract Life
Total Outstanding Vested and Expected to Vest as of December 31, 2020		6,508,296		$	4.29	5.60   years
Options Cancelled/Expired		(394,430	)		3.99	—
Total Outstanding Vested and Expected to Vest as of June 30, 2021		6,113,866		$	4.31	5.15   years
Vested at June 30, 2021		6,108,933		$	4.31	5.15   years

The following table summarizes the RSUs outstanding at June 30, 2021

  The following table summarizes the RSUs outstanding at June 30, 2021:  

	Number of Shares/Units			Weighted Average Grant Date Fair Value
Non-vested RSUs as of December 31, 2020		2,136,893		$	3.64
RSUs vested during the period		(66,462	)		3.04
RSUs forfeited during the period		(36,171	)		3.09
Non-vested RSUs as of June 30, 2021		2,034,260			3.66

The following summarizes warrants outstanding at June 30, 2021 and December 31, 2020:

The following summarizes warrants outstanding at June 30, 2021 and December 31, 2020:  

	Warrant			Exercise Price		Date	Expiration
June 30, 2021	Shares			Per Share		Issued	Date
Old Adamis Warrants		58,824		$	8.50	November 15, 2007	November 15, 2021
Preferred Stock Series A-2 Warrants		192,414		$	2.90	July 11, 2016	July 11, 2021
2016 Common Stock, Private Placement		700,000		$	2.98	August 3, 2016	August 3, 2021
2019 Warrants		13,794,000	*	$	1.15	August 5, 2019	August 5, 2024
2020 Warrants		350,000	**	$	0.70	February 25, 2020	September 3, 2025
Total Warrants		15,095,238

*	The Company adopted ASU 2020-06. See Note 8.
**	As of June 30, 2021, the fair value of the warrant liability related to the 2020 Warrants was approximately $ 245,000. See Note 8.

December 31, 2020	Warrant Shares			Exercise Price  Per Share		Date Issued	Expiration Date
Old Adamis Warrants		58,824		$	8.50	November 15, 2007	November 15, 2021
Preferred Stock Series A-1 Warrants		1,183,432		$	4.10	January 26, 2016	January 26, 2021
Preferred Stock Series A-2 Warrants		192,414		$	2.90	July 11, 2016	July 11, 2021
2016 Common Stock, Private Placement		700,000		$	2.98	August 3, 2016	August 3, 2021
2019 Warrants		13,800,000	*	$	1.15	August 5,2019	August 5, 2024
2020 Warrants		8,700,000	**	$	0.70	February 25, 2020	September 3, 2025
Total Warrants		24,634,670

*	As of December 31, 2020, the fair value of the warrant liability related to the 2019 Warrants was $2,484,000. See Note 8.
**	As of December 31, 2020, the fair value of the warrant liability related to the 2020 Warrants was $2,001,000. See Note 8.

At June 31, 2021, the Company has reserved shares of common stock for issuance

At June 31, 2021, the Company has reserved shares of common stock for issuance following vesting of restricted stock units and upon exercise of outstanding options including options granted under the 2009 Equity Incentive Plan, and upon exercise of outstanding warrants, as follows:  

Warrants	15,095,238
Restricted Stock Units (RSU)	2,034,260
2009 Equity Incentive Plan	6,113,866
Total Shares Reserved	23,243,364