Quarterly report pursuant to Section 13 or 15(d)

Capitalization and Equity Structure (Tables)

v3.4.0.3
Capitalization and Equity Structure (Tables)
3 Months Ended
Mar. 31, 2016
Schedule of Warrant share activity
Warrant share activity for the three-month period ended March 31, 2016 is as follows:
 
Source
 
Exercise
Price
 
Term
(Years)
 
At December 31,
2015
 
At March 31,
2016
 
2015 Series A Preferred warrants
 
$
8.75
 
 
5
 
 
2,122
 
 
2,122
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
various
 
 
88
 
 
88
 
 
 
 
 
 
 
 
 
 
4,085
 
 
4,085
 
2016 Warrants [Member]  
Schedule of assumption used in valuation
The following assumptions were used in the Binomial Lattice Option Pricing Model to measure the fair value of the embedded anti-dilution feature in the warrants as of March 31, 2016:
 
Current share price
 
$
5.25
 
Conversion price
 
$
8.75
 
Risk-free interest rate
 
 
1.16
%
Periodic rate
 
 
0.55
%
Term (years)
 
 
4.73
 
Volatility of stock
 
 
75
%