A summary of the Company’s warrants to purchase common stock activity is as follows:

	Shares Underlying Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)
Outstanding at December 31, 2019		461,647	$	7.33		3.50
Assumed as part of the Merger		413,450	$	14.11
Granted		4,999,077	$	0.76
Exercised		1,831,733	$	0.28
Outstanding at June 30, 2020		4,042,441	$	5.11		4.67

As of June 30, 2020, such payment would be calculated as follows:

Number of Series H Preferred Stock outstanding as of June 30, 2020		8
Multiplied by the stated value	$	154
Equals the gross stated value	$	1,232
Divided by the conversion price	$	184.80
Equals the convertible shares of Company Common Stock		7
Multiplied by the fair market value of Company Common Stock as of June 30, 2020	$	2.80
Equals the payment	$	20

As of June 30, 2020, such payment would be calculated as follows:

Number of Series H-3 Preferred Stock outstanding as of June 30, 2020		2,189
Multiplied by the stated value	$	138
Equals the gross stated value	$	302,082
Divided by the conversion price	$	165.60
Equals the convertible shares of Company Common Stock		1,825
Multiplied by the fair market value of Company Common Stock as of June 30, 2020	$	2.80
Equals the payment	$	5,110

As of June 30, 2020, such payment would be calculated as follows:

Number of Series H-6 Preferred Stock outstanding as of June 30, 2020		7,883
Multiplied by the stated value	$	72
Equals the gross stated value	$	567,576
Divided by the conversion price	$	2.50
Equals the convertible shares of Company Common Stock		227,030
Multiplied by the fair market value of Company Common Stock as of June 30, 2020	$	2.80
Equals the payment	$	635,685