Warrants

9 Months Ended

Sep. 30, 2016

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Warrants

9. Warrants

Warrants for the purchase of 18,939 shares of common stock remain outstanding at September 30, 2016 at a weighted average exercise price of $7.92 per share and an expiration date of April 17, 2021. No warrants were exercised during the nine months ended September 30, 2016. During the nine months ended September 30, 2015, warrants covering 70,769 shares were exercised via net share settlement and the Company issued 54,010 shares of common stock as a result of the exercise.