Annual report pursuant to Section 13 and 15(d)

Capitalization and Equity Structure (Tables)

v3.10.0.1
Capitalization and Equity Structure (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Warrant share activity
Warrant share activity for the year ended December 31, 2018 was as follows:

Source
Exercise
Price
 
Term
(Years)
 
December 31, 2017
 
Issued
 
Expired
 
Exercised
 
December 31, 2018
Information Agent Warrants
$
1.50

 
3
 
200

 
—

 
—

 
—

 
200

2015 Warrants
$
3.74

 
5
 
1,604

 
—

 
—

 
—

 
1,604

2014 PPO and Merger warrants
 
 
 
 
 
 
 
 
 
 
 
 


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 Model to measure the fair value of the 2015 Warrants as of the years ended:
 
December 31, 2018
December 31, 2017
Current share price
$
1.24

$
2.13

Conversion price
$
3.74

$
3.74

Risk-free interest rate
2.48
%
1.98
%
Expected term (years)
1.99

2.99

Volatility of stock
104
%
95
%