Summary of Information with Regard to Outstanding Warrants Issued in Connection with Equity and Debt Financings and Consultants |
Warrant
activity is summarized as follows:
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Outstanding at
December 31, 2011
|
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6,673,405 |
|
Issued
|
|
|
1,379,739 |
|
Cancelled
|
|
|
(616,726 |
) |
Exercised
|
|
|
(12,177 |
) |
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|
|
|
|
Outstanding at December 31,
2012
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|
7,424,241 |
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|
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|
|
Issued
|
|
|
5,000 |
|
Cancelled
|
|
|
(1,344,012 |
) |
Exercised
|
|
|
(50,000 |
) |
|
|
|
|
|
Outstanding at December 31,
2013
|
|
|
6,035,229 |
|
|
|
|
|
|
The following
table summarizes information with regard to outstanding warrants
issued in connection with equity and debt financings and
consultants as of December 31, 2013.
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Issued in
Connection With
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Number
Issued |
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Exercise
Price |
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|
Exercisable Date |
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|
Expiration Date |
|
February 12, 2009
Series B-1 Transaction
|
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|
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|
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|
|
|
|
|
|
|
|
|
|
|
$0.50 Investor
Warrants—Class B
|
|
|
1,200,000 |
|
|
$ |
3.00 |
|
|
|
February 12, 2009 |
|
|
|
February 12,
2014 |
|
May 13, 2009 Series
B-2 Transaction
|
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|
|
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|
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|
|
|
|
|
$0.50 Investor
Warrants—Class B
|
|
|
600,000 |
|
|
$ |
3.00 |
|
|
|
May 13, 2009 |
|
|
|
May 13, 2014 |
|
June 30, 2009 Series
B-2 Transaction
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|
$0.50 Investor
Warrants—Class A-2
|
|
|
33,333 |
|
|
$ |
3.00 |
|
|
|
June 30, 2009 |
|
|
|
June 30, 2014 |
|
$0.50 Investor
Warrants—Class B
|
|
|
333,333 |
|
|
$ |
3.00 |
|
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|
June 30, 2009 |
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|
|
June 30, 2014 |
|
May 1, 2009 Consultant
Warrants
|
|
|
6,250 |
|
|
$ |
3.00 |
|
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|
May 1, 2009 |
|
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|
May 1, 2014 |
|
June 30, 2009
Consultant Warrants
|
|
|
40,000 |
|
|
$ |
3.00 |
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|
June 30, 2009 |
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|
June 30, 2014 |
|
August 12, 2009 Series
B-2 Transaction
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|
$0.50 Investor
Warrants—Class A-2
|
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|
50,000 |
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|
$ |
3.00 |
|
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|
August 12, 2009 |
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|
August 12, 2014 |
|
$0.50 Investor
Warrants—Class B
|
|
|
200,000 |
|
|
$ |
3.00 |
|
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|
August 12, 2009 |
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|
August 12, 2014 |
|
September 30, 2009
Series B-2 Transaction
|
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|
$0.50 Investor
Warrants—Class A-2
|
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|
54,166 |
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|
$ |
3.00 |
|
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|
September 30,
2009 |
|
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|
September 30, 2014 |
|
$0.50 Investor
Warrants—Class B
|
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|
216,666 |
|
|
$ |
3.00 |
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|
September 30, 2009 |
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September 30,
2014 |
|
November 4, 2009
Series B-2 Transaction
|
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$0.50 Investor
Warrants—Class A-2
|
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|
51,666 |
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|
$ |
3.00 |
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|
November 4,
2009 |
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November 4,
2014 |
|
$0.50 Investor
Warrants—Class B
|
|
|
206,666 |
|
|
$ |
3.00 |
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|
November 4,
2009 |
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November 4,
2014 |
|
December 8, 2009
Series B-2 Transaction
|
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|
$0.50 Investor
Warrants—Class A-2
|
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|
54,167 |
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|
$ |
3.00 |
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|
December 8,
2009 |
|
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|
December 8,
2014 |
|
$0.50 Investor
Warrants—Class B
|
|
|
216,667 |
|
|
$ |
3.00 |
|
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|
December 8,
2009 |
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|
December 8,
2014 |
|
January 29, 2010
Series B-2 Transaction
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|
$0.50 Investor
Warrants—Class A-2
|
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|
54,167 |
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|
$ |
3.00 |
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|
January 29,
2010 |
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|
January 29,
2015 |
|
$0.50 Investor
Warrants—Class B
|
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|
216,667 |
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|
$ |
3.00 |
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|
January 29,
2010 |
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January 29,
2015 |
|
March 8, 2010 Series
B-2 Transaction
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$0.50 Investor
Warrants—Class A-2
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55,834 |
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|
$ |
3.00 |
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|
March 8, 2010 |
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March 8, 2015 |
|
$0.50 Investor
Warrants—Class B
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223,334 |
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$ |
3.00 |
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March 8, 2010 |
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March 8, 2015 |
|
April 30, 2010 Series
B-2 Transaction
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$0.50 Investor
Warrants—Class A-2
|
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51,667 |
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|
$ |
3.00 |
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|
April 30, 2010 |
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April 30, 2015 |
|
$0.50 Investor
Warrants—Class B
|
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|
206,667 |
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|
$ |
3.00 |
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|
April 30, 2010 |
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April 30, 2015 |
|
May 10, 2010 Series
B-2 Transaction
|
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$0.50 Investor
Warrants—Class A-2
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95,000 |
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$ |
3.00 |
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May 10, 2010 |
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May 10, 2015 |
|
$0.50 Investor
Warrants—Class B
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380,000 |
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$ |
3.00 |
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|
May 10, 2010 |
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May 10, 2015 |
|
May 25, 2010
Consultant Warrants
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14,584 |
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$ |
4.50 |
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May 25, 2010 |
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May 25, 2014 |
|
May 25, 2010
Consultant Warrants
|
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|
7,500 |
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|
$ |
15.00 |
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May 25, 2010 |
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|
May 25, 2014 |
|
June 15, 2010
Consultant Warrants
|
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|
100,000 |
|
|
$ |
4.26 |
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|
June 15, 2010 |
|
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|
June 15, 2015 |
|
December 9, 2010
Consultant Warrants
|
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|
33,334 |
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|
$ |
3.90 |
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|
December 9,
2010 |
|
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|
December 9,
2015 |
|
December 30, 2010
Placement Agent Warrants
|
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|
500 |
|
|
$ |
7.20 |
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|
December 30, 2010 |
|
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|
December 30,
2015 |
|
March 28, 2012
Offering Warrants
|
|
|
1,333,061 |
|
|
$ |
5.63 |
|
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|
March 28, 2012 |
|
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|
March 28, 2017 |
|
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|
Total outstanding
warrants
|
|
|
6,035,229 |
|
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