Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.10.0.1
Warrants
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Warrants
Warrants

The following table summarizes the warrant activity for the nine months ended September 30, 2018 (in thousands, except exercise price): 
Issued With / For
Exercise
Price
 
Warrants
Outstanding
January 1,
2018
 
Transfer Between Derivative Warrants and Non-Derivative Warrants
 
Warrants Outstanding September 30, 2018
Non-Derivative Warrants:
 
 
 
 
 
 
 
Financing
$
10.00

  
243

 

 
243

Financing
15.00

  
276

 

 
276

2015 Offering
5.00

  
3,450

 

 
3,450

2017 Debt
0.92

B

 
443

 
443

Total non-derivative warrants
5.49

C
3,969

 
443

 
4,412

Derivative Warrants:
 
 
 
 
 
 
 
2016 Offerings
2.25

A
1,968

 

 
1,968

2017 Debt
2.82

B
443

 
(443
)
 

2017 Offering
2.35

A
3,500

 

 
3,500

2017 Offering
2.50

A
175

 

 
175

Total derivative warrants
2.32

C
6,086

 
(443
)
 
5,643

Total
$
3.71

C
10,055

 

 
10,055


A
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature. See Note 9.
B
These warrants were subject to fair value accounting until the number of shares issuable upon the exercise of the warrants became fixed on April 2, 2018. Effective June 30, 2018, the exercise price was reduced from $2.82 per share to $0.92 per share. See Note 9.
C
Weighted-average exercise prices are as of September 30, 2018.