Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Shares of Common Stock Issuable on Conversion or Exercise of Rights Granted

As of December 31, 2015, 26 million shares of our common stock were issuable upon conversion, or exercise of rights granted (regardless of whether in or out-of-the-money), as summarized below:



Conversion of Series E Preferred Stock	40,000
2018 Convertible Notes	11,401,284
Exercise of issued employee stock options	13,836,851
Exercise of issued warrants	445,000
Management incentive plan restricted stock units	260,000
Total common shares	25,983,135

Summary of Warrant Activity

A summary of warrant activity is as follows:



	Number of Shares	Weighted Average Exercise Price
Outstanding — December 31, 2012	395,000	$	5.45
Granted	50,000	7.51
Outstanding — December 31, 2013	445,000	$	6.39
Granted	—	—
Outstanding — December 31, 2014	445,000	$	6.39
Granted	—	—
Outstanding — December 31, 2015	445,000	$	6.78
Exercisable — December 31, 2015	445,000	$	6.78

- 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