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Stock Option Plans, Shares Reserved and Warrants (Tables)

6 Months Ended

Jun. 30, 2018

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

Schedule of stock option activity

The following summarizes the stock option activity for the six months ended June 30, 2018 below:

										Weighted Average
		2009 Equity Incentive Plan				Weighted Average Exercise Price				Remaining Contract Life
Outstanding Options as of December 31, 2017			6,726,594			$	5.05			8.17 years

Options Granted			2,778,289				2.96			9.66 years
Options Exercised			(4,166	)			3.35			—
Options Cancelled/Expired			(148,474	)			4.87			—

Outstanding Options as of June 30, 2018			9,352,243			$	4.43			8.30 years

Exercisable at June 30, 2018			4,969,386			$	5.20			7.05 years

Schedule of warrants outstanding

The following summarizes warrants outstanding at June 30, 2018:

		Warrant				Exercise Price				Date		Expiration
		Shares				Per Share				Issued		Date
Old Adamis Warrants			58,824			$	8.50			November 15, 2007		November 15, 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-1 Warrants			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			192,414			$	2.90			July 11, 2016		July 11, 2021
2016 Common Stock, Private Placement			700,000			$	2.98			August 3, 2016		August 3, 2021
Total Warrants			3,166,995

Schedule of RSUs outstanding

The following table summarizes the RSUs outstanding at June 30, 2018:

		RSU Shares				Price Per Share at Grant Date				Date of Grant
Non-Employee Board of Directors			350,000	(1)		$	8.46			May 25, 2016
Company Executives			950,000	(1)		$	3.50			March 1, 2017
Company Executives			342,212	(2)		$	2.83			February 21, 2018
Total RSUs			1,642,212

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

At June 30, 2018, the Company has reserved shares of common stock for issuance upon exercise of outstanding options and warrants, convertible preferred stock shares, and options and other awards that may be granted in the future under the 2009 Equity Incentive Plan, as follows:

Warrants			3,166,995
Restricted Stock Units (RSU)			1,642,212
2009 Equity Incentive Plan			9,352,243
Total Shares Reserved			14,161,450

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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