|3 Months Ended|
Mar. 31, 2020
|Warrants and Rights Note Disclosure [Abstract]|
|Schedule of warrant activity||
A roll-forward of warrant share activity from January 1, 2020 to March 31, 2020 is shown in the following table:
A roll-forward of warrant share activity from January 1, 2019 to March 31, 2019 is shown in the following table:
(1) During the three months ended March 31, 2019, there were 140,000 warrants exercised for cash.
Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef