Warrant activity is summarized as follows:
|
Outstanding at December 31, 2011 |
6,673,405 | |||
|
Issued |
1,379,739 | |||
|
Cancelled |
(616,726 | ) | ||
|
Exercised |
(12,177 | ) | ||
|
|
|
|||
|
Outstanding at December 31, 2012 |
7,424,241 | |||
|
|
|
|||
|
Issued |
5,000 | |||
|
Cancelled |
(1,344,012 | ) | ||
|
Exercised |
(50,000 | ) | ||
|
|
|
|||
|
Outstanding at December 31, 2013 |
6,035,229 | |||
|
|
|
The following table summarizes information with regard to outstanding warrants issued in connection with equity and debt financings and consultants as of December 31, 2013.
|
Issued in Connection With |
Number Issued |
Exercise Price |
Exercisable Date | Expiration Date | ||||||||||||
|
February 12, 2009 Series B-1 Transaction |
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|
$0.50 Investor Warrants—Class B |
1,200,000 | $ | 3.00 | February 12, 2009 | February 12, 2014 | |||||||||||
|
May 13, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class B |
600,000 | $ | 3.00 | May 13, 2009 | May 13, 2014 | |||||||||||
|
June 30, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
33,333 | $ | 3.00 | June 30, 2009 | June 30, 2014 | |||||||||||
|
$0.50 Investor Warrants—Class B |
333,333 | $ | 3.00 | June 30, 2009 | June 30, 2014 | |||||||||||
|
May 1, 2009 Consultant Warrants |
6,250 | $ | 3.00 | May 1, 2009 | May 1, 2014 | |||||||||||
|
June 30, 2009 Consultant Warrants |
40,000 | $ | 3.00 | June 30, 2009 | June 30, 2014 | |||||||||||
|
August 12, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
50,000 | $ | 3.00 | August 12, 2009 | August 12, 2014 | |||||||||||
|
$0.50 Investor Warrants—Class B |
200,000 | $ | 3.00 | August 12, 2009 | August 12, 2014 | |||||||||||
|
September 30, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
54,166 | $ | 3.00 | September 30, 2009 | September 30, 2014 | |||||||||||
|
$0.50 Investor Warrants—Class B |
216,666 | $ | 3.00 | September 30, 2009 | September 30, 2014 | |||||||||||
|
November 4, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
51,666 | $ | 3.00 | November 4, 2009 | November 4, 2014 | |||||||||||
|
$0.50 Investor Warrants—Class B |
206,666 | $ | 3.00 | November 4, 2009 | November 4, 2014 | |||||||||||
|
December 8, 2009 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
54,167 | $ | 3.00 | December 8, 2009 | December 8, 2014 | |||||||||||
|
$0.50 Investor Warrants—Class B |
216,667 | $ | 3.00 | December 8, 2009 | December 8, 2014 | |||||||||||
|
January 29, 2010 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
54,167 | $ | 3.00 | January 29, 2010 | January 29, 2015 | |||||||||||
|
$0.50 Investor Warrants—Class B |
216,667 | $ | 3.00 | January 29, 2010 | January 29, 2015 | |||||||||||
|
March 8, 2010 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
55,834 | $ | 3.00 | March 8, 2010 | March 8, 2015 | |||||||||||
|
$0.50 Investor Warrants—Class B |
223,334 | $ | 3.00 | March 8, 2010 | March 8, 2015 | |||||||||||
|
April 30, 2010 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
51,667 | $ | 3.00 | April 30, 2010 | April 30, 2015 | |||||||||||
|
$0.50 Investor Warrants—Class B |
206,667 | $ | 3.00 | April 30, 2010 | April 30, 2015 | |||||||||||
|
May 10, 2010 Series B-2 Transaction |
||||||||||||||||
|
$0.50 Investor Warrants—Class A-2 |
95,000 | $ | 3.00 | May 10, 2010 | May 10, 2015 | |||||||||||
|
$0.50 Investor Warrants—Class B |
380,000 | $ | 3.00 | May 10, 2010 | May 10, 2015 | |||||||||||
|
May 25, 2010 Consultant Warrants |
14,584 | $ | 4.50 | May 25, 2010 | May 25, 2014 | |||||||||||
|
May 25, 2010 Consultant Warrants |
7,500 | $ | 15.00 | May 25, 2010 | May 25, 2014 | |||||||||||
|
June 15, 2010 Consultant Warrants |
100,000 | $ | 4.26 | June 15, 2010 | June 15, 2015 | |||||||||||
|
December 9, 2010 Consultant Warrants |
33,334 | $ | 3.90 | December 9, 2010 | December 9, 2015 | |||||||||||
|
December 30, 2010 Placement Agent Warrants |
500 | $ | 7.20 | December 30, 2010 | December 30, 2015 | |||||||||||
|
March 28, 2012 Offering Warrants |
1,333,061 | $ | 5.63 | March 28, 2012 | March 28, 2017 | |||||||||||
|
|
|
|||||||||||||||
|
Total outstanding warrants |
6,035,229 | |||||||||||||||
|
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