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Warrants (Tables)
 6 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Summary of Warrant Activity

Additionally, in the event of a fundamental transaction, each Warrant holder will have the right to require the Company, or its successor, to repurchase the Warrants for an amount of cash equal to the Black-Scholes value of the remaining unexercised portion of such Warrants. None of these warrants were exercised as of June 30, 2017.  

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Weighted

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Average

 

 

 

Warrants

 

 

Price

 

 

Life (in years)

 

 

Fair Value

 

Outstanding at December 31, 2016

 

 

1,426,622

 

 

$

1.81

 

 

 

2.20

 

 

$

1.54

 

Granted

 

 

44,819,746

 

 

 

1.00

 

 

 

2.61

 

 

 

0.20

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding at June 30, 2017

 

 

46,246,368

 

 

$

1.02

 

 

 

2.58

 

 

$

0.29