Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.19.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2018
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrant Activity
The following table summarizes the warrant activity for the years ending December 31, 2018 and 2017 (in thousands, except exercise price): 

Issued With / For
 
Exercise
Price
 
 
Warrants
Outstanding
January 1,
2017
 
2017
Warrants
Issued
 
2017
Warrants
Exercised
 
2017
Warrants
Expired
 
Warrants
Outstanding
December 31,
2017
 
Transfer Between Derivative Warrants and Non-Derivative Warrants
 
Warrants
Outstanding
December 31,
2018
Non-Derivative Warrants:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financing
 
$
10.00

 
 
243

 

 

 

 
243

 

 
243

Financing
 
15.00

 
 
361

 

 

 
(85
)
 
276

 

 
276

Debt Guarantee
 
15.00

 
 
109

 

 

 
(109
)
 

 

 

2015 Offering
 
5.00

 
 
3,450

 

 

 

 
3,450

 

 
3,450

2017 Debt
 
0.92

A
 

 

 

 

 

 
443

 
443

 
 
5.49

C
 
4,163

 

 

 
(194
)
 
3,969

 
443

 
4,412

Derivative Warrants:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2016 Offerings
 
2.25

B
 
2,870

 

 
(902
)
 

 
1,968

 


 
1,968

2017 Debt
 
0.92

A
 

 
443

 

 

 
443

 
(443
)
 

2017 Offering
 
2.35

B
 

 
3,500

 

 

 
3,500

 

 
3,500

2017 Offering
 
2.50

B
 

 
175

 

 

 
175

 

 
175

 
 
2.32

C
 
2,870

 
4,118

 
(902
)
 

 
6,086

 
(443
)
 
5,643

 
 
$
3.71

C
 
7,033

 
4,118

 
(902
)
 
(194
)
 
10,055

 

 
10,055

________________________
A
These warrants were subject to fair value accounting until the number of shares issuable upon the exercise of the warrants became fixed on April 2, 2018. Effective June 30, 2018, the exercise price was reduced from $2.82 per share to $0.92 per share. See Note 15.
B
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature. See Note 15.
C
Weighted average exercise prices are as of December 31, 2018.