Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.10.0.1
Warrants (Tables)
6 Months Ended
Jun. 30, 2018
Warrants  
Summary of Warrant Activity

The following is a summary of activity in the number of warrants outstanding to purchase the Company’s common stock for the six months ended June 30, 2018 (in thousands):

 

    Warrants accounted for as:
Equity
    Warrants accounted for as:
Liabilities
       
    May 2018
warrants
    April 2013
warrants
    October 2013
Series A
warrants
    January 2014
warrants
    Total  
                               
Outstanding, December 31, 2017   -     50     26     133     209  
                               
Warrants Issued   84     -     -     -     84  
Warrants Expired   -     (50 )   -     -     (50 )
Warrants exercised   -     -     -     -     -  
Outstanding, June 30, 2018   84     -     26     133     243  
Expiration date   October 27, 2022     April 25, 2018     October 24, 2023     January 16, 2024      

Schedule of Fair Value of Warrants Classified as Liabilities

The fair value of the warrants classified as liabilities is estimated using the Black-Scholes option-pricing model with the following inputs as of June 30, 2018:

 

    October 2013
warrants
    January 2014
warrants
 
             
Strike price   $ 15.00     $ 15.00  
                 
Expected term (years)     5.32       5.55  
Cumulative volatility %     88.17 %     88.59 %
Risk-free rate %     2.74 %     2.75 %