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Warrants
 3 Months Ended
Mar. 31, 2018
Text Block [Abstract]  
Warrants

14.Warrants

The following table summarizes the change in warrants for the three months ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Weighted

 

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Average

 

 

 

Warrants

 

 

Price

 

 

Life (in years)

 

 

Fair Value

 

Outstanding at December 31, 2017

 

 

13,162,668

 

 

$

1.08

 

 

 

4.5

 

 

$

0.39

 

Exercised

 

 

(1,182,857

)

 

 

1.44

 

 

 

—

 

 

 

—

 

Cancelled

 

 

(95,600

)

 

 

1.65

 

 

 

—

 

 

 

—

 

Outstanding at March 31, 2018

 

 

11,884,211

 

 

 

1.03

 

 

 

4.5

 

 

$

0.34

 

 

In February 2018, the Company terminated its relationship with a vendor who had been issued warrants to acquire 950,000 shares of common stock (the “Service Warrants”) with staggered vesting requirements.  As part of the termination agreement, the Company accelerated the full vesting of the Service Warrants.