Quarterly report pursuant to Section 13 or 15(d)

Capitalization and Equity Structure (Tables)

v3.5.0.2
Capitalization and Equity Structure (Tables)
9 Months Ended
Sep. 30, 2016
Schedule of Capitalization, Equity [Line Items]  
Schedule of Warrant share activity
Warrant share activity for the nine month period ended September 30, 2016 is as follows:
 
Source
 
Exercise Price
 
Term (Years)
 
At December 31, 2015
 
At September 30, 2016
 
December 2015 warrants
 
$
3.74
 
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 Capitalization, Equity [Line Items]  
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 September 30, 2016: 
Current share price
 
$
4.70
 
Conversion price
 
$
3.74
 
Risk-free interest rate
 
 
1.04
%
Term (years)
 
 
4.23
 
Volatility of stock
 
 
75
%