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Stock Option Plans, Shares Reserved and Warrants (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock option activity

The following table summarizes the outstanding stock option activity for the three months ended March 31, 2017:

		2009 Equity Incentive Plan				Weighted Average Exercise Price				Weighted Average Remaining \|Contract Life
Outstanding Options as of December 31, 2016			4,320,409			$	6.06				7.98 years

Options Granted			2,131,750				3.23				9.93 years
Options Exercised			—				—				—
Options Canceled/Expired			(98,970	)			6.44				—

Outstanding Options as of March 31, 2017			6,353,189			$	5.11				8.59 years

Exercisable Options at March 31, 2017			2,605,974			$	5.82				7.42 years

Summary of warrants outstanding

The following table summarizes warrants outstanding at March 31, 2017:

		Warrant Shares				Exercise Price Per Share				Date Issued		Expiration Date
Old Adamis Warrants			58,824			$	8.50			November 15, 2007		November 15, 2017
2013 Private Placement			22,057			$	12.16			June 26, 2013		June 25, 2018
Underwriter Warrants			28,108			$	7.44			December 12, 2013		December 12, 2018
Underwriter Warrants			4,217			$	7.44			January 16, 2014		January 16, 2019
Preferred Stock Series A Warrants			1,418,439			$	3.40			August 19, 2014		August 19, 2019
Preferred Stock Series A-1Warrants			1,183,432			$	4.10			January 26, 2016		January 26, 2021
Bear State Bank, Collateral to Line of Credit			1,000,000	*		$	0.0001			March 28,2016
Preferred Stock Series A-2 Warrants			1,724,137			$	2.90			July 11, 2016		July 11, 2021
2016 Common Stock, Private Placement			3,573,255			$	2.98			August 3, 2016		August 3, 2021
Total Warrants			9,012,469

*Exercisable upon default of Line of Credit at Bear State Bank, see Note 7.

Schedule of reserved shares of common stock for issuance upon conversion or exercise

At March 31, 2017, the Company has reserved shares of common stock for issuance upon exercise of outstanding options, warrants including all of the warrants in the table above, restricted stock units, and options and other awards that may be granted in the future under the 2009 Equity Incentive Plan, as follows:

Warrants			9,012,469
Restricted Stock Units (RSU)			1,300,000
2009 Equity Incentive Plan			6,353,189
Total Shares Reserved			16,665,658

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.

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