Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.20.1
Warrants (Tables)
3 Months Ended
Mar. 31, 2019
Warrants and Rights Note Disclosure [Abstract]  
Schedule of Warrants Activity

A summary of warrant activity for the year ended December 31, 2019 and the three months ended March 31, 2020 is as follows:

 

    Warrants    

Weighted

Average

Price

 
Balance - December 31, 2018     7,371,925     $ 1.74  
Granted     19,166,668       0.83  
Exercised            
Expired            
Balance - December 31, 2019     26,538,593       1.08  
Granted            
Exercised            
Expired            
Balance - March 31, 2020     26,538,593     $ 1.08  

Schedule of Warrants Outstanding

The warrants outstanding as of March 31, 2020 are as follows:

 

Exercise Price    

Warrants

Outstanding

   

Expiration

Date

 
$ 3.10       48,387       9/19/2022  
$ 2.00       900,000       4/10/2023  
$ 3.10       462,106       5/10/2024  
$ 3.10       602,414       7/25/2024  
$ 3.10       1,064,518       11/8/2024  
$ 1.00       4,294,500       7/17/2025  
$ 0.75       9,583,334       9/25/2020 *
$ 0.90       9,583,334       3/25/2024  
          26,538,593          

 

* As a result of the Company’s release of top-line data after the end of the of the period presented, such short-term warrants expired unexercised on May 14, 2020 (except for the prior exercise of 38,000 shares). See Note 9 Subsequent Events.