Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' DEFICIT (Tables)

v3.19.3
STOCKHOLDERS' DEFICIT (Tables)
9 Months Ended
Sep. 30, 2019
Stockholders Equity Note [Abstract]  
Schedule of outstanding warrants

A summary of outstanding warrants as of September 30, 2019 and December 31, 2018 is presented below:

 

 

 

 

 

 

 

 

 

 

 

September 30, 2019

 

 

December 31, 2018

 

Warrants outstanding, beginning of period

 

 

3,436,431

 

 

 

5,265,432

 

Assumed as part of Merger

 

 

1,044,939

 

 

 

 

 

Granted

 

 

500,951

 

 

 

1,542,000

 

Exercised

 

 

(51,000

)

 

 

(2,385,317

)

Cancelled, forfeited or expired

 

 

 

 

 

(985,684

)

Warrants outstanding, end of period

 

 

4,931,321

 

 

 

3,436,431

 

A summary of outstanding warrants by year issued and exercise price as of September 30, 2019 is presented below:

 

 

 

 

 

Outstanding

 

 

Exercisable

 

Year issued and Exercise Price

 

 

Number of

Warrants

Issued

 

 

Weighted-Average

Remaining

Contractual

Life (Years)

 

 

Weighted-Average

Exercise

Price

 

 

Total

 

 

Weighted-Average

Exercise

Price

 

At December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4.67

 

 

 

115,953

 

 

 

0.43

 

 

$

4.67

 

 

 

115,953

 

 

$

4.67

 

 

2015 Total

 

 

 

115,953

 

 

 

 

 

 

 

 

 

 

 

115,953

 

 

 

 

 

At December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4.29

 

 

 

124,703

 

 

 

1.78

 

 

$

4.29

 

 

 

124,703

 

 

$

4.29

 

 

$

4.48

 

 

 

78,760

 

 

 

1.59

 

 

$

4.48

 

 

 

78,760

 

 

$

4.48

 

 

$

4.76

 

 

 

1,365,189

 

 

 

1.61

 

 

$

4.76

 

 

 

1,365,189

 

 

$

4.76

 

 

2016 Total

 

 

 

1,568,652

 

 

 

 

 

 

 

 

 

 

 

1,568,652

 

 

 

 

 

At December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10.28

 

 

 

252,802

 

 

 

3.75

 

 

$

10.28

 

 

 

252,802

 

 

$

10.28

 

 

2017 Total

 

 

 

252,802

 

 

 

 

 

 

 

 

 

 

 

252,802

 

 

 

 

 

At December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

10.76

 

 

 

210,553

 

 

 

3.86

 

 

$

10.76

 

 

 

210,553

 

 

$

10.76

 

 

$

5.87

 

 

 

1,407,188

 

 

 

4.06

 

 

$

5.87

 

 

 

1,407,188

 

 

$

5.87

 

 

2018 Total

 

 

 

1,617,741

 

 

 

 

 

 

 

 

 

 

 

1,617,741

 

 

 

 

 

At September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6.12

 

 

 

32,391

 

 

 

4.66

 

 

$

6.12

 

 

 

32,391

 

 

$

6.12

 

 

$

12.00

 

 

 

76,575

 

 

 

3.98

 

 

$

12.00

 

 

 

76,575

 

 

$

12.00

 

 

$

14.04

 

 

 

174,999

 

 

 

3.50

 

 

$

14.04

 

 

 

174,999

 

 

$

14.04

 

 

$

31.50

 

 

 

737,975

 

 

 

2.82

 

 

$

31.50

 

 

 

737,975

 

 

$

31.50

 

 

$

36.24

 

 

 

22,333

 

 

 

2.82

 

 

$

36.24

 

 

 

22,333

 

 

$

36.24

 

 

$

60.00

 

 

 

666

 

 

 

1.25

 

 

$

60.00

 

 

 

666

 

 

$

60.00

 

 

$

5.87

 

 

 

256,234

 

 

 

4.08

 

 

$

5.87

 

 

 

256,234

 

 

$

5.87

 

 

$

7.68

 

 

 

75,000

 

 

 

4.80

 

 

$

7.68

 

 

 

75,000

 

 

$

7.68

 

 

2019 Total

 

 

 

1,376,173

 

 

 

 

 

 

 

 

 

 

 

1,376,173

 

 

 

 

 

 

Total

 

 

 

4,931,321

 

 

 

 

 

 

 

 

 

 

 

4,931,321

 

 

 

 

 

Schedule of stock option activity

A summary of outstanding stock options as of September 30, 2019 and December 31, 2018 are presented below.

 

 

September 30, 2019

 

 

December 31, 2018

 

 

 

Number of

Options

 

 

Weighted‑

Average

Exercise

Price

 

 

Number of

Options

 

 

Weighted‑

Average

Exercise

Price

 

Options outstanding, beginning of period

 

 

6,642,200

 

 

$

4.40

 

 

 

6,775,200

 

 

$

4.12

 

Granted or deemed granted

 

 

636,683

 

 

$

7.09

 

 

 

357,000

 

 

$

11.28

 

Exercised

 

 

(200

)

 

$

5.00

 

 

 

(170,000

)

 

$

4.59

 

Cancelled, forfeited and expired

 

 

(33,333

)

 

$

11.30

 

 

 

(320,000

)

 

$

6.06

 

Options outstanding, end of period

 

 

7,245,350

 

 

$

4.68

 

 

 

6,642,200

 

 

$

4.40

 

Options exercisable, end of period

 

 

6,987,464

 

 

$

4.46

 

 

 

5,958,783

 

 

$

3.87

 

Options available for future grant

 

 

2,167,150

 

 

 

 

 

 

 

2,357,800