Annual report pursuant to Section 13 and 15(d)

Stock Warrants (Tables)

v3.20.1
Stock Warrants (Tables)
12 Months Ended
Dec. 31, 2019
Text Block [Abstract]  
Schedule of Warrants Outstanding
As of December 31, 2019 and 2018, the Company had warrants outstanding as shown in the table below.
 
    
December 31,
 
    
2019
    
2018
 
Note Warrants (1)
            67,070  
2017 Warrants
     1,599,645        1,599,645  
2016 Warrants
     1,400,000        1,400,000  
Representative’s Warrant (2)
            20,641  
Placement Agent Warrants
     18,915        18,915  
Other warrants (3)
     15,350        18,033  
  
 
 
    
 
 
 
Warrants to purchase common stock
     3,033,910        3,124,304  
Weighted-average exercise price per share
   $ 22.61      $ 23.10  
 
(1)
During 2019 and 2018 the PIPE Warrants to purchase common stock expired in accordance with their terms. Only 553 of the PIPE Warrants were exercised prior to expiration and the remaining PIPE Warrants were terminated and are no longer exercisable.
 
(2)
On August 27, 2019, the Representative’s Warrant to purchase common stock expired in accordance with its terms. The Representative’s Warrant was not exercised prior to expiration and has been terminated and is no longer exercisable.
(3)
Other warrants are comprised of warrants issued prior to the Company’s IPO, generally in exchange for services rendered to the Company.
The following table summarizes information regarding the Company’s warrants outstanding and the corresponding exercise price at December 31, 2019:
 
Exercise Prices
  
Shares
Underlying
Outstanding
Warrants
    
Expiration Date
£
$20.00
     1,600,216      September 1, 2021 
 July 25, 2022
> $20.00
     1,433,694      February 12, 2020
January 5, 2022
  
 
 
    
     3,033,910