| Schedule of warrants outstanding at various exercise prices |
The warrants had various exercise prices and terms as follows:
Summary of Warrants |
|
|
|
|
|
|
|
2014 Financing 12/24/14 (a) |
|
|
3,500,000 |
|
|
$ |
5.00 |
|
12/24/19 |
2014 Financing 12/24/14 agent warrants (a) |
|
|
87,500 |
|
|
|
5.00 |
|
12/18/19 |
2012 Series B private placement (b) |
|
|
400,001 |
|
|
|
25.00 |
|
10/24/18 |
2011 November private placement (c) |
|
|
42,898 |
|
|
|
100.00 |
|
11/10&30/16 |
2011 November placement agent warrants (c) |
|
|
744 |
|
|
|
83.50&100.00 |
|
11/10&30/16 |
2010 December registered direct offering (d) |
|
|
18,625 |
|
|
|
153.00 |
|
12/14/15 |
2010 January registered direct offering (e) |
|
|
20,837 |
|
|
|
150.00 |
|
1/26/15 |
2010 January placement agent warrants (e) |
|
|
2,505 |
|
|
|
187.50 |
|
1/26/15 |
2006 convertible note (f) |
|
|
76,370 |
|
|
|
66.00 |
|
2/16/15 |
2006 convertible note (f) |
|
|
7,729 |
|
|
|
66.00 |
|
10/24/15 |
2006 convertible note (f) |
|
|
7,547 |
|
|
|
66.00 |
|
12/06/15 |
Total |
|
|
4,164,756 |
|
|
|
|
|
|
|
a) |
In connection with an offering on December 24, 2014, warrants to purchase 3,500,000 share 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. |
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 are exercisable on December 18, 2015 and expire on December 18, 2019.
|
b) |
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. |
|
c) |
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. |
Also in connection with a private placement offering on November 10 and 30, 2011, placement agent warrants to purchase 372 shares of common stock at $83.50 per share were issued. Also in connection with a private placement offering on November 10 and 30, 2011, placement agent warrants to purchase 372 shares of common stock at $100.00 per share were issued. All the placement agent warrants are exercisable immediately and 372 warrants expire November 10, 2016 and 372 warrants expire November 30, 2016.
|
d) |
In connection with a registered direct offering on December 14, 2010, warrants to purchase 18,625 shares of common stock at $153.00 per share were issued. All of the warrants are exercisable immediately and expire December 14, 2015. |
|
e) |
In connection with a registered direct offering on January 26, 2010, warrants to purchase 20,837 shares of common stock at $150.00 per share were issued. All of the warrants were exercisable immediately and expired on January 26, 2015. |
In addition, we issued warrants for placement agent fees to purchase 2,505 shares of our common stock at an exercise price of $187.50 per share. All of the warrants were exercisable immediately and expired on January 26, 2015.
|
f) |
In connection with the convertible note offerings in 2006, warrants to purchase a total of 91,646 shares of common stock at $66.00 per share were issued. All of the warrants are exercisable immediately and originally were scheduled to expire six years from date of issue. On February 10, 2012 these warrants were extended an additional three years. On February 16, 201576,370 warrants expired, 7,729 warrants expire on October 24, 2015 and 7,547 warrants expire on December 6, 2015. |
|