At December 31, 2013, the Company had the following outstanding warrants:
|
Number of Shares Exercisable |
Exercise Price |
Date of Expiration | |||||||
| Outstanding warrants accounted for as derivative warrant liability: | |||||||||
| Granted to debt holder | 400,000 | $ | 20.00 | 8/31/2017 | |||||
| Granted to debt holder | 100,000 | 21.30 | 9/20/2017 | ||||||
| Granted to debt holder | 50,000 | 22.70 | 10/17/2017 | ||||||
| Granted to debt holder | 150,000 | 21.10 | 11/6/2017 | ||||||
| Total outstanding warrants accounted for as derivative warrant liability | 700,000 | ||||||||
| Weighted average exercise price | $ | 20.61 | |||||||
| Weighted average time to expiration in years | 3.72 years | ||||||||
| Outstanding warrants accounted for as equity: | |||||||||
| Granted to investors in private placement of preferred stock | 39,000 | $ | 7.50 | 2/28/2014 | |||||
| Granted to vendor | 6,000 | 6.00 | 3/15/2014 | ||||||
| Granted to investors in private placement | 40,000 | 15.90 | 6/30/2014 | ||||||
| Granted to investors in private placement | 76,800 | 20.00 | 11/13/2014 | ||||||
| Granted to placement agent in private placement | 25,695 | 15.00 | 11/13/2014 | ||||||
| Granted to investors in private placement | 6,300 | 20.00 | 12/3/2014 | ||||||
| Granted to investors in private placement | 34,146 | 22.50 | 2/9/2015 | ||||||
| Granted to placement agents in private placement | 2,853 | 22.50 | 2/9/2015 | ||||||
| Granted to investor in private placement | 638 | 22.50 | 3/18/2015 | ||||||
| Granted to investors in private placement | 95,960 | 30.00 | 12/7/2014 | ||||||
| Granted to investors in private placement of common and preferred stock | 181,818 | 2.75 | 12/10/18 | ||||||
| Total outstanding warrants accounted for as equity | 509,211 | ||||||||
| Weighted average exercise price | $ | 14.21 | |||||||
| Weighted average time to expiration in years | 2.26 years | ||||||||
| Totals for all warrants outstanding: | |||||||||
| Total | 1,209,211 | ||||||||
| Weighted average exercise price | $ | 17.92 | |||||||
| Weighted average time to expiration in years | 3.11 years | ||||||||