Quarterly report pursuant to Section 13 or 15(d)

Capitalization and Equity Structure (Tables)

v3.10.0.1
Capitalization and Equity Structure (Tables)
 9 Months Ended
Sep. 30, 2018
Schedule of Warrant share activity
Warrant shares outstanding as of December 31, 2017 and September 30, 2018 were as follows:  
Source
 
Exercise
Price
 
Term
(Years)
 
December 31,
2017
 
Issued
 
Expired
 
September 30, 2018
Information Agent Warrants
 
$
1.50

 
3
 
200

 
—

 
—

 
200

2015 Warrants
 
$
3.74

 
5
 
1,604

 
—

 
—

 
1,604

2014 PPO and Merger
 
 
 
 
 
 
 
 
 
 
 
 
Placement agent warrants
 
$
7.00

 
5
 
426

 
—

 
—

 
426

PPO warrants
 
$
14.00

 
5
 
1,078

 
—

 
—

 
1,078

Pre-2014 warrants
 
$
9.66

 
9-10
 
88

 
—

 
—

 
88

 
 
 
 
 
 
3,396

 
—

 
—

 
3,396

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 2015 warrants as of September 30, 2018:
Current share price
$
2.34

Conversion price
$
3.74

Risk-free interest rate
2.83%

Term (years)
2.25

Volatility of stock
105.5%