| Summary of Warrant Activity |
The following table summarizes the warrant activity for the six months ended June 30, 2014:
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|
Issued With / For |
Exercise
Price
|
|
Warrants
Outstanding
January 1,
2014
|
|
2014 Warrants Exercised |
|
Warrants Outstanding June 30, 2014 |
Non-Derivative Warrants: |
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|
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|
|
|
Financing |
$ |
10.00 |
|
|
243,334 |
|
|
— |
|
|
243,334 |
|
Financing |
15.00 |
|
|
436,079 |
|
|
— |
|
|
436,079 |
|
Debt Guarantee |
4.00 |
|
|
174,288 |
|
|
(44,288 |
) |
|
130,000 |
|
Debt Guarantee |
10.00 |
|
|
237,500 |
|
|
— |
|
|
237,500 |
|
Debt Guarantee |
15.00 |
|
|
585,645 |
|
|
— |
|
|
585,645 |
|
Consulting |
10.00 |
|
|
29,138 |
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|
— |
|
|
29,138 |
|
|
12.38 |
|
C |
1,705,984 |
|
|
(44,288 |
) |
|
1,661,696 |
|
Derivative Warrants: |
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|
|
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|
|
|
Financing |
10.00 |
|
B |
60,000 |
|
|
— |
|
|
60,000 |
|
Debt Guarantee |
10.00 |
|
A |
12,500 |
|
|
(12,500 |
) |
|
— |
|
Series B Pref. Stock |
10.00 |
|
B |
18,430 |
|
|
(3,415 |
) |
|
15,015 |
|
Consulting |
10.00 |
|
B |
200 |
|
|
— |
|
|
200 |
|
|
10.00 |
|
C |
91,130 |
|
|
(15,915 |
) |
|
75,215 |
|
|
$ |
12.28 |
|
C |
1,797,114 |
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|
(60,203 |
) |
|
1,736,911 |
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A |
These warrants are subject to fair value accounting and contain exercise price and number of share adjustment features. See Note 9. |
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B |
These warrants are subject to fair value accounting and contain an exercise price adjustment feature. See Note 9. |
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C |
Weighted average exercise prices are as of June 30, 2014.
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