Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v2.4.1.9
Warrants (Tables)
3 Months Ended
Mar. 31, 2015
Warrants Tables  
Warrant activity

 

    Warrants accounted for as:     Warrants accounted for as:        
    Equity     Liabilities        
   

January 2012

warrants

   

March 2013

warrants

   

April 2013

warrants

   

February 2012

warrants

   

August 2013

warrants

   

October 2013

warrants

   

October 2013

Series A

warrants

   

January 2014

warrants

    Total  
                                                       
 Outstanding, December 31, 2014     650       455       1,864       1,000       10,000       200       7,100       5,500       26,769  
 Warrants exercised     -       -       (564 )     -       (7,000 )     (200 )     (6,125 )     (300 )     (14,189 )
 Outstanding, March 31, 2015     650       455       1,300       1,000       3,000       -       975       5,200       12,580  
 Expiration date   January 11, 2016     March 1, 2016     April 25, 2018     February 28, 2016     August 26, 2023     October 18, 2018     October 24, 2023     January 16, 2024          

 

Fair value of each option award

 

   

February 2012

warrants

   

August 2013

warrants

   

October 2013

warrants

   

January 2014

warrants

 
                         
 Strike price   $ 0.60     $ 0.40     $ 0.50     $ 0.50  
                                 
 Expected term (years)     0.9       8.4       8.6       8.8  
 Cumulative volatility %     84 %     104 %     103 %     103 %
 Risk-free rate %     0.26 %     1.82 %     1.83 %     1.85 %