Stock-based Compensation, Warrants and Shares Reserved (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of stock option activity

The following table summarizes the outstanding stock option activity for the three months ended March 31, 2020:

	2009 Equity Incentive Plan			Weighted Average Exercise Price		Weighted Average Remaining |Contract Life
Total Outstanding Vested and Expected to Vest as of December 31, 2019		7,837,245		$	4.40		6.01 years
Options Granted		—			—		—
Options Exercised		—			—		—
Options Canceled/Expired		(361,887	)		4.85		—
Total Outstanding Vested and Expected to Vest as of March 31, 2020		7,475,358		$	4.38		5.89 years
Vested at March 31, 2020		6,849,363		$	4.50		5.71 years

Schedule of RSUs outstanding

The following table summarizes the RSUs outstanding at March 31, 2020 and December 31, 2019:  

March 31, 2020	RSUs			Price  Per Share at  Grant Date		Date of Grant
Non-Employee Board of Directors		150,000	(1)	$	8.46	May 25, 2016
Company Executives		950,000	(1)	$	3.50	March 1, 2017
Company Executives		114,071	(2)	$	2.83	February 21, 2018
Company Executives and Employees		1,508,513	(3)	$	3.09	January 30, 2019
Total RSUs		2,722,584

(1) The RSUs have cliff vesting after seven years of continuous service from date of grant or upon change of control or upon death or disability. 

(2) The RSUs vest ratably annually over a period of three years if the recipient has provided continuous service or upon change of control or upon death or disability.

(3) The RSUs vest ratably quarterly over a period of three years if the recipient has provided continuous service or upon change of control or upon death or disability.

December 31, 2019	RSUs			Price  Per Share at  Grant Date		Date of Grant
Non-Employee Board of Directors		150,000	(1)	$	8.46	May 25, 2016
Company Executives		950,000	(1)	$	3.50	March 1, 2017
Company Executives		228,141	(2)	$	2.83	February 21, 2018
Company Executives and Employees		1,762,256	(3)	$	3.09	January 30, 2019
Total RSUs		3,090,397

(1) The RSUs have cliff vesting after seven years of continuous service from date of grant or upon change of control or upon death or disability. 

(2) The RSUs vest ratably annually over a period of three years if the recipient has provided continuous service or upon change of control or upon death or disability. 

(3) The RSUs vest ratably quarterly over a period of three years if the recipient has provided continuous service or upon change of control or upon death or disability.

Schedule of cash-settled SARS outstanding

The following table summarizes cash-settled SARS outstanding at March 31, 2020:

	Number of Units		Weighted Average  Exercise Price		Weighted Average Remaining |Contractual Term (Years)
Outstanding at December 31, 2019		290,000	$	0.82		6.70 years
Granted		—		—		—
Forfeited		—		—		—
Exercised		—		—		—
Outstanding at March 31, 2020		290,000	$	0.82		6.45 years

Schedule of warrants outstanding

The following table summarizes warrants outstanding at March 31, 2020 and December 31, 2019:  

March 31, 2020	Warrant Shares			Exercise Price Per Share		Date Issued	Expiration Date
Old Adamis Warrants		58,824		$	8.50	November 15, 2007	November 15, 2021
Preferred Stock Series A-1Warrants		1,183,432		$	4.10	January 26, 2016	January 26, 2021
Preferred Stock Series A-2 Warrants		192,414		$	2.90	July 11, 2016	July 11, 2021
2016 Warrants		700,000		$	2.98	August 3, 2016	August 3, 2021
2019 Warrants		13,800,000		$	1.15	August 5, 2019	August 5, 2024
2020 Warrants		8,700,000	*
Total Warrants		24,634,670

*These warrants will be exercisable commencing on the later of (i) six months from date of issuance or (ii) the date that the company’s stockholders approve a reverse stock split or an increase in the number of authorized shares of common stock of the company in an amount sufficient to permit the exercise in full of all of the February 2020 warrants.  

December 31, 2019	Warrant Shares		Exercise Price Per Share		Date Issued	Expiration Date
Old Adamis Warrants		58,824	$	8.50	November 15, 2007	November 15, 2021
Preferred Stock Series A-1 Warrants		1,183,432	$	4.10	January 26, 2016	January 26, 2021
Preferred Stock Series A-2 Warrants		192,414	$	2.90	July 11, 2016	July 11, 2021
2016 Warrants		700,000	$	2.98	August 3, 2016	August 3, 2021
2019 Warrants		13,800,000	$	1.15	August 5, 2019	August 5, 2024
Total Warrants		15,934,670

Schedule of reserved shares of common stock for issuance upon conversion or exercise and future issuance under plans

At March 31, 2020, 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 and restricted stock units, as follows:

Warrants	15,934,670	*
Restricted Stock Units ("RSUs")	2,722,584
2009 Equity Incentive Plan	7,475,358
Total Shares Reserved	26,132,612

*Excluding 8,700,000 warrants issued in February 2020 that has an exercise contingency, these warrants will be exercisable commencing on the later of (i) six months from date of issuance or (ii) the date that the company’s stockholders approve a reverse stock split or an increase in the number of authorized shares of common stock of the company in an amount sufficient to permit the exercise in full of all of the February 2020 warrants.