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Preferred Stock (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Accounting for Series A preferred stock

The following table summarizes the accounting upon issuance of our Series A Preferred:

 

 

 

 

 

 

Allocation of Proceeds

 

 

 

 

 

 

 

 

 

 

 

Additional Paid-in Capital

 

 

 

 

 

 

 

Series A Preferred

 

 

Series A Warrants

 

 

Series B Warrants

 

 

Beneficial Conversion Feature

 

Gross proceeds

 

$

994.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transaction fees

 

 

(24.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Proceeds- Initial Relative Fair Value Allocation

 

$

969.3

 

 

$

787.1

 

 

$

135.7

 

 

$

46.5

 

 

$

 

Allocation to BCF

 

 

 

 

 

 

(614.4

)

 

 

 

 

 

 

 

 

614.4

 

Per balance sheet upon issuance

 

 

 

 

 

$

172.7

 

 

$

135.7

 

 

$

46.5

 

 

$

614.4