Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.7.0.1
Warrants (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Summary of warrant activity
The following table summarizes the warrant activity for the six months ended June 30, 2017 (in thousands, except exercise price): 
Issued With / For
Exercise
Price
 
Warrants
Outstanding
January 1,
2017
 
2017 Warrants Issued
 
2017 Warrants Exercised
 
Warrants Outstanding June 30, 2017
Non-Derivative Warrants:
 
 
 
 
 
 
 
 
 
Financing
$
10.00

  
243

 

 

 
243

Financing
15.00

  
361

 

 

 
361

Debt guarantee
15.00

  
109

 

 

 
109

2015 Offering
5.00

  
3,450

 

 

 
3,450

Total non-derivative warrants
$
6.42

C
4,163

 

 

 
4,163

Derivative Warrants:
 
 
 
 
 
 
 
 
 
2016 Offerings
2.25

A
2,870

 

 
(877
)
 
1,993

2017 Debt
2.82

B

 
443

 

 
443

Total derivative warrants
2.35

C
2,870

 
443

 
(877
)
 
2,436

Total
$
4.92

C
7,033

 
443

 
(877
)
 
6,599


A
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature.
B
These warrants are subject to fair value accounting and contain a net settlement provision that uses the 90-trading day price of our common stock. These warrants are subject to a 20% reduction if certain financial milestones are met.
C
Weighted-average exercise prices are as of June 30, 2017.