Annual report pursuant to Section 13 and 15(d)

WARRANT LIABILITIES (Tables)

v2.4.1.9
WARRANT LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2014
WARRANT LIABILITIES  
Schedule of warrant activity

 

 

 

Issued and
Outstanding
Warrants as of
January 1, 2013

 

Warrants
Issued

 

Warrants
Exercised/
Expired

 

Issued and
Outstanding
Warrants as of
December
31, 2013

 

Bridge Warrants

 

249,999 

 

 

 

249,999 

 

Consulting Warrant

 

222,222 

 

 

 

222,222 

 

Financing Warrant(1)

 

208,763 

 

 

 

208,763 

 

 

 

680,984 

 

 

 

680,984 

 

 

 

Issued and
Outstanding
Warrants as of
January 1, 2014

 

Warrants
Issued

 

Warrants
Exercised/
Expired

 

Issued and
Outstanding
Warrants as of
December 31, 2014

 

Bridge Warrants

 

249,999 

 

 

 

249,999 

 

Consulting Warrant

 

222,222 

 

 

 

222,222 

 

Financing Warrant(1)

 

208,763 

 

 

 

208,763 

 

Underwriting Warrant

 

 

310,500 

 

 

310,500 

 

IR consulting warrants

 

 

48,000 

 

 

48,000 

 

 

 

680,984 

 

358,500 

 

 

1,039,484 

 

 

 

(1)

The number of shares of common stock underlying the Financing Warrant was determined using an exercise price of $3.35 per share, assuming the IPO price of our common stock in a Qualified IPO would be at least $5.59 per share. Upon completion of the IPO with a price of $6.00 per share, the number of shares was considered unchanged and final.