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Warrants (Tables)
9 Months Ended
Sep. 30, 2020
Warrants [Abstract]  
Summary of Warrants Issued and Warrants Outstanding





 

 

 

 

 

 

 

 

 

 

 

 



 

Issued

 

Outstanding

 

Exercise Price

 

Expire

2015 Warrant Issuance

 

 

383,500 

 

 

383,500 

 

 

2.05 

 

 

Jun 2021

2016 Warrant Issuance

 

 

2,947,949 

 

 

2,947,949 

 

 

2.60 

 

 

Feb 2022

2017 Warrant Issuance(1)

 

 

100,000 

 

 

100,000 

 

 

2.25 

 

 

Mar 2022

2017 Warrant Issuance(2)

 

 

1,650,000 

 

 

1,650,000 

 

 

2.45 

 

 

Nov 2022

2018 Warrant Issuance(2)

 

 

4,004,324 

 

 

3,974,324 

 

 

1.55 

 

 

Jul 2023

2019 Warrant Issuance(3)

 

 

6,000,000 

 

 

6,000,000 

 

 

0.78 

 

 

Oct 2024



 

 

 

 

 

15,055,773 

 

 

 

 

 

 

(1)

Issued in conjunction with an unsecured line of credit.

(2)

Warrants are subject to liability accounting.

(3)

Private Placement unregistered warrants exercisable six months following issuance.

Fair Value of Warrants



 

 

 

 

 

 



 

September 30,

 

December 31,



 

2020

 

2019

2018 January and February Issuance

 

 

Fair Value

 

$

2,603 

 

$

22 



 

 

 

 

 

 

2017 May issuance

 

 

 

 

 

 

Fair Value

 

 

724 

 

 



 

$

3,327 

 

$

23 







 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Nine Months Ended



 

September 30,

 

September 30,



 

2020

 

2019

 

2020

 

2019

Change in Fair Value of common stock warrant liability (1)

 

$

(1,803)

 

$

120 

 

$

(3,304)

 

 

1,450 



(1)

The combined changes in fair value is reflected as income (loss) from change in the fair market value of common stock warrant liability.