Post-effective amendment to a registration statement that is not immediately effective upon filing

Capitalization and Equity Structure (Tables)

v2.4.1.9
Capitalization and Equity Structure (Tables)
 12 Months Ended
Dec. 31, 2014
Capitalization and Equity Structure [Abstract]  
Schedule of Issued and Outstanding Convertible Preferred Stock

Issued and outstanding convertible preferred stock consisted of the following at December 31, 2013:

 

Number of          
Shares Liquidation     Aggregate  
Issued and Preference     Liquidation  
Series Outstanding Per Share     Preference  
A     7,324,424     $ 1.07     $ 7,868  
A-2     8,474,867     $ 1.07     $ 9,104  
B     10,124,581     $ 1.07     $ 10,877  
      25,923,872             $ 27,849  


Schedule of warrants outstanding

Warrants outstanding at December 31, 2014 were as follows:

 

Merger/PPO           Merger/PPO     Merger/PPO  
Warrant           Warrant     Warrant  
Shares Exercise     Term   Shares     Shares  
Name Issued Price     (Years)   Exercised     Outstanding  
Placement agent warrants     3,030,000     $ 1.00     5     -       3,030,000  
Bridge warrants     2,500,000     $ 1.00     3     (125,000 )     2,375,000  
PPO warrants     30,300,000     $ 2.00     5     (22,755,500 )     7,544,500  
Sr. note holder warrant     225,000     $ 1.00     3     -       225,000  
      36,055,000                   (22,880,500 )     13,174,500  
                                     
Pre Merger/PPO common stock warrants                                 621,361  
Total all warrants outstanding                                 13,795,861  


Schedule of assumption used in valuation
The factors utilized were as follows:
Dividend yield   –
Risk-free interest rate   0.60% - 1.73%
Share price at final valuation   1.51
Expected term (in years)   2.15- 4.80
Volatility     65% - 79%
Periodic rate     0.13% - 0.83%
Periods in the model     10
Schedule of Issued and outstanding warrants

Issued and outstanding warrants as of December 31, 2013 were as follows:

 

    Number     Date of   Exercise     Expiration   Fair  
Warrant type   of shares     issue   Price     Date   Value  
Series A, to lender     209,451     4/29/2011   $ 1.07     10/31/2021   $ 69  
Series B, to lender     504,004     5/31/2012   $ 1.07     6/1/2022     182  
Series B to customer     53,757     11/16/2012   $ 1.07     11/16/2019     31  
Total preferred stock warrants     767,212                       282  
                                 
Common stock, to investors in Series B     591,895     Various 2013   $ 1.38     10 years     N/A  
Common stock, to lender     29,466     5/31/2012   $ 1.38     6/1/2022     N/A  
Total common stock warrants     621,361                       N/A  
                                 
Obligation to issue warrant                             96  
Total all     1,388,573                     $ 378