Capital Stock

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Capital Stock

Note 4 - Capital Stock

Common Stock

The Company’s common stock, par value $0.0001 per share (the “Common Stock”), is listed on the Nasdaq Capital Market (“Nasdaq”), under the ticker symbol “OBLG”. As of March 31, 2024, we had 150,000,000 shares of our Common Stock authorized, with 20,294,000 and 20,286,000 shares issued and outstanding, respectively.

During the three months ended March 31, 2024, 922 shares of Series F Preferred Stock, plus $82,000 accrued dividends, were converted to 3,602,103 shares of the Company’s common stock. See Note 5 - Preferred Stock, for further detail.

Common Stock activity for the three months ended March 31, 2024 is presented below (in thousands).

Issued Shares as of December 31, 2022	2,071
Issuances from Preferred Stock conversions	14,102
Issuances related to warrant exercises	746
Issuances related to stock compensation	180
Common shares exchanged for prepaid warrants	(407)
Issued Shares as of December 31, 2023	16,692
Issuances from Preferred Stock conversions	3,602
Issued Shares as of March 31, 2024	20,294
Less Treasury Shares:	(8)
Outstanding Shares as of March 31, 2024	20,286

Common Stock Warrants

Warrants outstanding as of March 31, 2024 are as follows:

Issue Date	Warrants Outstanding	Exercise Price		Expiration Date
June 28, 2021	750	$	66.00	December 31, 2024
March 31, 2023	4,136,850	$	1.71	September 30, 2028
	4,137,600

Warrant activity for the three months ended March 31, 2024 and the year ended December 31, 2023 is presented below.

	Outstanding and Exercisable
	Number of Warrants	Weighted Average Exercise Price
Warrants outstanding and exercisable, December 31, 2022	343,099	$	66.34
Granted	4,543,626	1.71
Exercised	(746,027)	0.78
Expired	(2,601)	76.93
Forfeited	(247)	—
Warrants outstanding and exercisable, December 31, 2023	4,137,850	1.72
Expired	(250)	60.00
Warrants outstanding and exercisable, March 31, 2024	4,137,600	$	1.72

Treasury Shares

The Company maintains treasury stock for the Common Stock shares bought back by the Company when withholding shares to cover taxes on transactions related to equity awards. There were no treasury stock transactions during the three months ended March 31, 2024 or the year ended December 31, 2023.