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Stock Option Plans, Shares Reserved and Warrants (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

The following summarizes the stock option activity for the quarter ended March 31, 2015 below:

	2009		Weighted		Weighted
	Equity		Average		Average
	Incentive		Exercise		Remaining
	Plan		Price		Contract Life
Balance as of December 31, 2014		1,239,722	$	5.46	8.42 years

Options Granted		793,163		6.03	9.86 years
Options Exercised		—		—		—
Options Canceled		—		—		—

Balance as of March 31, 2015		2,032,885	$	5.69	8.83 years

Exercisable at March 31, 2015		662,784	$	5.55	7.29 years

Schedule of outstanding warrants

The following summarizes warrants outstanding at March 31, 2015:

	Warrant		Exercise Price		Date	Expiration
	Shares		Per Share		Issued	Date
Old Adamis Warrants		58,824	$	8.50	November 15, 2007	November 15, 2015
2013 Private Placement		597,222	$3.40 - $12.16		June 16, 2013	June 25, 2018
Consultant Warrants		17,647	$	3.74	July 11, 2011	July 11, 2016
Underwriter Warrants		186,000	$	7.44	December 12, 2013	December 12, 2018
Underwriter Warrants		27,900	$	7.44	January 16, 2014	January 16, 2019
Preferred Stock Sale Warrants		1,418,439	$	3.40	August 19, 2014	August 19, 2019
Total Warrants		2,306,032

Schedule of reserved shares for issuance

At March 31, 2015, the Company has reserved shares of common stock for issuance upon exercise of outstanding options and warrants, and options and other awards that may be granted in the future under the 2009 Equity Incentive Plan, as follows:

Warrants			2,306,032
2009 Equity Incentive Plan			3,395,217
Total Shares Reserved			5,701,249

- Definition

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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