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Warrants (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Warrants Outstanding and Warrants Activity

There was no warrant activity for the three months ended March 31, 2018. Warrants outstanding for the period ended March 31, 2018 are as follows:

Description		Classification		Exercise Price				Expiration Date		Warrants Issued				Warrants Exercised				Warrants Cancelled/ Expired				Balance December 31, 2017				Balance March 31, 2018

Private Placement Warrants, issued January 25, 2017		Equity		$	4.69			June 2022			855,000				-				-				855,000				855,000
RedPath Warrants, issued March 22, 2017		Equity		$	4.69			September 2022			100,000				-				-				100,000				100,000
Pre-Funded Warrants, issued June 21, 2017		Liability		$	0.01			None			2,600,000				(2,600,000	)			-				-				-
Underwriters Warrants, issued June 21, 2017		Liability		$	1.32			December 2022			575,000				-				(40,000	)			535,000				535,000
Base & Overallotment Warrants, issued June 21, 2017		Equity		$	1.25			June 2022			14,375,000				(5,672,852	)			-				8,702,148				8,702,148
Vendor Warrants, issued August 6, 2017		Equity		$	1.25			August 2020			150,000				-				-				150,000				150,000
Warrants issued October 12, 2017		Equity		$	1.80			April 2022			3,200,000				-				-				3,200,000				3,200,000

											21,855,000				(8,272,852	)			(40,000	)			13,542,148				13,542,148

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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