| Schedule of warrants outstanding at various exercise prices |
The warrants had various exercise prices and terms as follows:
| |
|
Warrants |
|
|
Exercise |
|
|
Expiration |
| Summary of Warrants |
|
Outstanding |
|
|
Price |
|
|
Date |
| 2015 Financing 7/31/15 (a) |
|
|
20,000 |
|
|
$ |
6.05 |
|
|
07/31/20 |
| 2015 Financing 5/11/15 (b) |
|
|
625,000 |
|
|
|
10.00 |
|
|
11/11/17 |
| 2015 Financing 5/11/15 agent warrants (b) |
|
|
50,000 |
|
|
|
11.00 |
|
|
5/11/20 |
| 2014 Financing 12/24/14 (c) |
|
|
2,572,881 |
|
|
|
5.00 |
|
|
12/24/19 |
| 2014 Financing 12/24/14 agent warrants (c) |
|
|
87,500 |
|
|
|
5.00 |
|
|
12/18/19 |
| 2012 Series B private placement (d) |
|
|
400,001 |
|
|
|
25.00 |
|
|
10/24/18 |
| 2011 November private placement (e) |
|
|
42,898 |
|
|
|
100.00 |
|
|
11/10&30/16 |
| 2011 November placement agent warrants (e) |
|
|
744 |
|
|
|
83.50&100.00 |
|
|
11/10&30/16 |
| Total
|
|
|
3,799,024 |
|
|
|
|
|
|
|
|
a) |
In connection with the offering on July 31, 2015, the placement agent received warrants to purchase 20,000 share of common stock at $6.05 per share. The warrants are exercisable and expire on July 31. 2020. |
|
b) |
In connection with the offering on May 11, 2015, warrants to purchase 625,000 shares of common stock at $10.00 per share were issued. All of the warrants exercisable and expire November 11, 2017. |
Also in connection with the offering on May 11, 2015, the placement agent received warrants to purchase 50,000 share of common stock at $11.00 per share. The warrants are exercisable and expire on May 11. 2020.
|
c) |
In connection with an offering on December 24, 2014, warrants to purchase 3,500,000 shares of common stock at $5.00 per share were purchased and issued for $0.01 per warrant. All of the warrants are exercisable immediately and expire on December 24, 2019. At December 31, 2015, 2,572,881 warrants are outstanding. |
Also in connection with the offering on December 24, 2014, the underwriter received warrants to purchase 87,500 shares of common stock at $5.00 per share. The warrants were exercisable on December 18, 2015 and expire on December 18, 2019.
|
d) |
In connection with a private placement offering on October 25, 2012, warrants to purchase 400,001 shares of common stock at $25.00 per share were issued. All of the warrants are exercisable immediately and expire on October 24, 2018. |
|
e) |
In connection with a private placement offering on November 10 and 30, 2011, warrants to purchase 42,898 shares of common stock at $100.00 per share were issued. All of the warrants are exercisable immediately and 37,148 warrants expire November 10, 2016 and 5,750 warrants expire November 30, 2016. |
|