At December 31, 2012, the Company had the following outstanding warrants:
|
|
Number of | ||||||||
| Shares | Exercise | Date of | |||||||
| Exercisable | Price | Expiration | |||||||
| Outstanding warrants accounted for in derivative warrant liability: | |||||||||
| Granted to financial investment advisor | 7,500 | $ | 1.26 | 2/11/2013 | |||||
| Granted to investors in private placement | 154,990 | $ | 0.50 | 2/11/2013 | |||||
| Granted to investors in private placement | 197,663 | $ | 1.44 | 3/24/2013 | |||||
| Granted to debtor as a Commitment warrant | 4,000,000 | $ | 2.00 | 8/31/2017 | |||||
| Granted to debtor as a Draw warrant | 1,000,000 | $ | 2.13 | 9/20/2017 | |||||
| Granted to debtor as a Draw warrant | 500,000 | $ | 2.27 | 10/17/2017 | |||||
| Granted to debtor as a Draw warrant | 1,500,000 | $ | 2.11 | 11/6/2017 | |||||
| Total outstanding warrants accounted for as derivative warrant liability | 7,360,153 | ||||||||
| Weighted average exercise price | $ | 2.01 | |||||||
| Weighted average time to expiration in years | 4.50 years | ||||||||
|
Outstanding warrants accounted for in equity: |
|||||||||
| Granted to investors in private placement of preferred stock | 32,249 | $ | 1.00 | 9/30/2013 | |||||
| Granted to investors in private placement of preferred stock | 198,333 | $ | 1.50 | 10/28/2013 | |||||
| Granted to investors in private placement of preferred stock | 390,000 | $ | 0.75 | 2/28/2014 | |||||
| Granted to vendor | 60,000 | $ | 0.60 | 3/15/2014 | |||||
| Granted to investors in private placement | 400,000 | $ | 1.59 | 6/30/2014 | |||||
| Granted to investors in private placement | 768,000 | $ | 2.00 | 11/13/2014 | |||||
| Granted to placement agent in private placement | 256,906 | $ | 1.50 | 11/13/2014 | |||||
| Granted to investors in private placement | 63,000 | $ | 2.00 | 12/3/2014 | |||||
| Granted to investors in private placement | 341,325 | $ | 2.25 | 2/9/2015 | |||||
| Granted to placement agents in private placement | 28,500 | $ | 2.25 | 2/9/2015 | |||||
| Granted to investor in private placement | 6,375 | $ | 2.25 | 3/18/2015 | |||||
| Granted to financial investment advisor | 100,000 | $ | 1.50 | 2/10/2013 | |||||
| Granted to financial investment advisor | 10,367 | $ | 2.00 | 3/3/2013 | |||||
| Granted to investors in private placement | 245,750 | $ | 1.50 | 1/4/2013 | |||||
| Granted to investors in private placement | 245,750 | $ | 2.50 | 1/4/2013 | |||||
| Granted to placement agent in private placement | 18,125 | $ | 1.50 | 1/4/2013 | |||||
| Granted to placement agent in private placement | 18,125 | $ | 2.50 | 1/4/2013 | |||||
| Granted to investors in private placement | 255,000 | $ | 1.50 | 2/3/2013 | |||||
| Granted to investors in private placement | 280,000 | $ | 2.50 | 2/3/2013 | |||||
| Granted to placement agent in private placement | 1,250 | $ | 1.50 | 2/3/2013 | |||||
| Granted to placement agent in private placement | 1,250 | $ | 2.50 | 2/3/2013 | |||||
| Granted to investors in private placement | 250,000 | $ | 1.50 | 2/8/2013 | |||||
| Granted to investors in private placement | 250,000 | $ | 2.50 | 2/8/2013 | |||||
| Granted to investors in private placement | 959,582 | $ | 3.00 | 12/7/2014 | |||||
| Total outstanding warrants accounted for as equity | 5,179,887 | ||||||||
| Weighted average exercise price | $ | 2.00 | |||||||
| Weighted average time to expiration in years | 1.18 years | ||||||||
|
Totals for all warrants outstanding: |
|||||||||
| Total | 12,540,040 | ||||||||
| Weighted average exercise price | $ | 2.01 | |||||||
| Weighted average time to expiration in years | 3.13 years | ||||||||