Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.5.0.2
Warrants (Tables)
9 Months Ended
Sep. 30, 2016
Warrants Tables  
Warrant activity

The following is a summary of activity in the number of warrants outstanding to purchase the Company’s common stock for the nine months ended September 30, 2016 (in thousands):

 

     Warrants accounted for as: Warrants accounted for as: 
Equity Liabilities
     January 2012 warrants      March 2013 warrants      April 2013 warrants      February 2012 warrants      October 2013 Series A warrants      January 2014 warrants      Total  
                                           
 Outstanding, December 31, 2015     650       455       1,500       1,000       775       4,000       8,380  
                                                         
 Warrants Expired     (650 )     (455 )     -       (889 )     -       -       (1,994 )
 Warrants exercised     -       -       -       (111 )     -       -       (111 )
                                                         
 Outstanding, September 30, 2016     -       -       1,500       -       775       4,000       6,275  
                                                         
 Expiration date   January 11, 2016     March 1, 2016     April 25, 2018     February 28, 2016     October 24, 2023     January 16, 2024          
      Expired       Expired           Expired                        

 

Fair value model of each option award

 

 

    October 2013 warrants   January 2014 warrants
                 
 Strike price   $ 0.50     $ 0.50  
                 
 Expected term (years)     7.1       7.3  
 Cumulative volatility %     96 %     97 %
 Risk-free rate %     1.42 %     1.44 %