Warrants (Tables)

12 Months Ended

Dec. 31, 2017

Warrants and Rights Note Disclosure [Abstract]

Schedule Of Changes In Warrants Activity

The following table summarizes information about warrant activity during the years ended December 31, 2017 and 2016:

	No. of warrants		Weighted average exercise price		Exercise price range
December 31, 2016		3,506,679	$	4.77	$	3.00 – 17.60
Granted		—	$	—	$	3.00
Exercised		—		—		—
Expired		(419,179)	$	17.60	$	17.60
December 31, 2017		3,087,500	$	3.03	$	3.00 – 5.00

Schedule Of Warrants Outstanding

The Company’s outstanding equity warrants as of December 31, 2017 consist of the following:

	No. outstanding		Exercise price		Remaining contractual life	Expiration Date
October 2015 Warrants		50,000	$	5.00	3.29 years	April 15, 2021
December 2016 Warrants		2,500,000	$	3.00	3.98 years	December 23, 2021
Outstanding as of December 31, 2017		2,550,000

The Company’s outstanding derivative warrants as of December 31, 2017 consist of the following:

		No. outstanding			Exercise price			Remaining contractual life		Expiration Date
May 2015 Warrants			537,500		$	3.00		2.34 years		May 4, 2020

- Definition

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.

+ References + Details