Quarterly report pursuant to Section 13 or 15(d)

Capitalization and Equity Structure (Tables)

v3.7.0.1
Capitalization and Equity Structure (Tables)
 3 Months Ended
Mar. 31, 2017
Schedule of Warrant share activity
Warrant shares outstanding as of December 31, 2016 and March 31, 2017 is as follows:
 
Source
 
Exercise
Price
 
Term
(Years)
 
At December 31,
2016
 
Issued
 
Exercised
 
Expired
 
At March 31,
2017
 
Warrants issued in conjunction with 2015 Series A Preferred financing
 
$
3.74
 
5
 
 
1,634
 
 
 
 
 
 
 
 
 
 
 
1,634
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2014 PPO and Merger
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Placement agent warrants
 
$
7.00
 
5
 
 
426
 
 
 
 
 
 
 
 
 
 
 
426
 
Bridge warrants
 
$
7.00
 
3
 
 
371
 
 
 
 
 
 
 
 
(371)
 
 
-
 
PPO warrants
 
$
14.00
 
5
 
 
1,078
 
 
 
 
 
 
 
 
 
 
 
1,078
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pre 2014 warrants
 
$
9.66
 
9-10
 
 
88
 
 
 
 
 
 
 
 
 
 
 
88
 
 
 
 
 
 
 
 
 
3,597
 
 
-
 
 
-
 
 
(371)
 
 
3,226
 
Warrant [Member]  
Schedule of assumption used in valuation
The following assumptions were used in the Black Scholes Option Pricing Model to measure the fair value of the warrants as of March 31, 2017:
 
Current share price
 
$
4.10
 
Conversion price
 
$
3.74
 
Risk-free interest rate
 
 
1.66
%
Term (years)
 
 
3.73
 
Volatility of stock
 
 
70
%