| Schedule of warrants vested and outstanding |
|
|
|
|
|
|
|
|
Amount |
|
|
|
Exercise |
|
|
Term |
|
|
Vested and |
|
Source |
|
Price |
|
|
(Years) |
|
|
Outstanding |
|
Pre 2015 Common Stock Warrants |
|
$ |
1.00 |
|
|
6-10 |
|
|
|
4,000,000 |
|
2015 Common Stock Warrants |
|
$ |
1.15-5.00 |
|
|
5-10 |
|
|
|
442,000 |
|
Common Stock Warrants to Series B Stockholders |
|
$ |
0.00 |
|
|
|
5 |
|
|
|
1,031,250 |
|
2016 Common Stock Warrants to Service Providers |
|
$ |
1.15 |
|
|
|
10 |
|
|
|
40,000 |
|
2016 Series C Common Stock Warrants to Placement Agent |
|
$ |
0.40 |
|
|
|
5 |
|
|
|
125,000 |
|
2017 Series D Common Stock Warrants to Placement Agent |
|
$ |
0.25 |
|
|
|
5 |
|
|
|
480,000 |
|
2017 Common Stock Warrants to Service Provider |
|
$ |
0.41 |
|
|
|
5 |
|
|
|
125,000 |
|
2018 Emerald Financing Warrants |
|
$ |
0.10 |
|
|
|
5 |
|
|
|
44,200,000 |
|
Emerald Multi Draw Credit Agreement Warrants |
|
$ |
0.50 |
|
|
|
5 |
|
|
|
7,500,000 |
|
Total warrants vested and outstanding as of September 30, 2019 |
|
|
|
|
|
|
|
|
|
|
57,943,250 |
|
|
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
Exercise
|
|
|
Term
|
|
|
Vested and
|
|
|
Source
|
|
Price
|
|
|
(Years)
|
|
|
Outstanding
|
|
|
Pre 2015 Common Stock Warrants
|
|
$ |
1.00 |
|
|
6-10
|
|
|
|
4,000,000 |
|
|
2015 Common Stock Warrants
|
|
$ |
1.15-$5.00
|
|
|
5-10
|
|
|
|
442,000 |
|
|
2015 Series B Financing
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock Warrants to Series B Stockholders
|
|
$ |
0.00 |
|
|
|
5 |
|
|
|
1,031,250 |
|
|
Placement Agent Warrants
|
|
$ |
0.00 |
|
|
|
5 |
|
|
|
187,500 |
|
|
2016 Common Stock Warrants to Service Providers
|
|
$ |
1.15 |
|
|
|
10 |
|
|
|
40,000 |
|
|
2016 Series C Common Stock Warrants to Placement Agent
|
|
$ |
0.40 |
|
|
|
5 |
|
|
|
125,000 |
|
|
2017 Series D Common Stock Warrants to Placement Agent
|
|
$ |
0.25 |
|
|
|
5 |
|
|
|
480,000 |
|
|
2017 Common Stock Warrants to Service Provider
|
|
$ |
0.41 |
|
|
|
5 |
|
|
|
125,000 |
|
|
2018 Emerald Financing Warrants
|
|
$ |
0.10 |
|
|
|
5 |
|
|
|
44,200,000 |
|
|
2018 Emerald Multi-Draw Credit Agreement Warrants
|
|
$ |
0.50 |
|
|
|
5 |
|
|
|
2,500,000 |
|
|
Total warrants vested and outstanding as of December 31, 2018
|
|
|
|
|
|
|
|
|
|
|
53,130,750 |
|
|
| Schedule summary of the activity of derivative liabilities |
|
|
Nine Months Ended September 30, 2019 |
|
|
|
December 31, 2018, Fair Value of Derivative Liabilities |
|
|
Fair Value of Derivative Liabilities Issued |
|
|
Change in Fair value of Derivative Liabilities |
|
|
Reclassification of Derivatives to Equity |
|
|
September 30, 2019, Fair Value of Derivative Liabilities |
|
Emerald Multi Draw Credit Agreement - compound derivative liability (1) |
|
$ |
219,453 |
|
|
$ |
516,058 |
|
|
$ |
(167,905 |
) |
|
$ |
- |
|
|
$ |
567,606 |
|
Emerald Financing - warrant liability (2) |
|
|
15,251,413 |
|
|
|
- |
|
|
|
(1,895,193 |
) |
|
|
- |
|
|
|
13,356,220 |
|
Series B - warrant liability (3) |
|
|
487,500 |
|
|
|
- |
|
|
|
38,438 |
|
|
|
(144,375 |
) |
|
|
381,563 |
|
Total derivative liabilities |
|
$ |
15,958,366 |
|
|
$ |
516,058 |
|
|
$ |
(2,024,660 |
) |
|
$ |
(144,375 |
) |
|
$ |
14,305,389 |
|
Less, noncurrent portion of derivative liabilities |
|
|
(219,453 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(567,606 |
) |
Current balance of derivative liabilities |
|
$ |
15,738,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,737,783 |
|
|
|
Nine Months Ended September 30, 2018 |
|
|
|
December 31, 2017, Fair Value of Derivative Liabilities |
|
|
Fair Value of Derivative Liabilities Issued |
|
|
Change in Fair value of Derivative Liabilities |
|
|
Reclassification of Derivatives to Equity |
|
|
September 30, 2018, Fair Value of Derivative Liabilities |
|
Emerald Financing - warrant liability (2) |
|
$ |
- |
|
|
$ |
10,424,634 |
|
|
$ |
192,808 |
|
|
$ |
- |
|
|
$ |
10,617,442 |
|
Series B - warrant liability (3) |
|
|
551,322 |
|
|
|
- |
|
|
|
1,275,669 |
|
|
|
(1,333,866 |
) |
|
|
493,125 |
|
Emerald Convertible Promissory Note - conversion liability (4) |
|
|
265,000 |
|
|
|
360,000 |
|
|
|
185,000 |
|
|
|
(810,000 |
) |
|
|
- |
|
Series B Preferred Stock - conversion liability
(5) |
|
|
6,715 |
|
|
|
- |
|
|
|
- |
|
|
|
(6,715 |
) |
|
|
- |
|
Total derivative liabilities |
|
$ |
823,037 |
|
|
$ |
10,784,634 |
|
|
$ |
1,653,477 |
|
|
$ |
(2,150,581 |
) |
|
$ |
11,110,567 |
|
Less, noncurrent portion of derivative liabilities |
|
|
(551,322 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
Current balance of derivative liabilities |
|
$ |
271,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,110,567 |
|
|
|
|
Year Ended December 31, 2018 |
|
|
|
December 31,
2017, Fair
Value of
Derivative Liabilities
|
|
|
Fair Value of Derivative Liabilities Issued |
|
|
Change in
Fair value of Derivative Liabilities*
|
|
|
Reclassification
of Derivatives
to Equity
|
|
|
December 31,
2018, Fair
Value of
Derivative Liabilities
|
|
Emerald Multi-Draw Credit Agreement - compound derivative liability (1) |
|
$ |
- |
|
|
$ |
204,102 |
|
|
$ |
15,351 |
|
|
$ |
- |
|
|
$ |
219,453 |
|
Emerald Financing - warrant liability (2) |
|
|
- |
|
|
|
10,424,634 |
|
|
|
4,826,779 |
|
|
|
- |
|
|
|
15,251,413 |
|
Series B - warrant liability (3) |
|
|
551,322 |
|
|
|
- |
|
|
|
1,476,044 |
|
|
|
(1,539,866 |
) |
|
|
487,500 |
|
Emerald Convertible Promissory Note - conversion liability (4) |
|
|
265,000 |
|
|
|
360,000 |
|
|
|
185,000 |
|
|
|
(810,000 |
) |
|
|
- |
|
Series B Preferred Stock - conversion liability (5) |
|
|
6,715 |
|
|
|
- |
|
|
|
- |
|
|
|
(6,715 |
) |
|
|
- |
|
Total current derivative liabilities |
|
$ |
823,037 |
|
|
$ |
10,988,736 |
|
|
$ |
6,503,174 |
|
|
$ |
(2,356,581 |
) |
|
$ |
15,958,366 |
|
Less, noncurrent portion of derivative liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(219,453 |
) |
Current balance of derivative liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,738,913 |
|
|
|
Year Ended December 31, 2017 |
|
|
|
December 31,
2016, Fair
Value of
Derivative Liabilities
|
|
|
Fair Value of Derivative Liabilities Issued |
|
|
Change in
Fair value of Derivative Liabilities
|
|
|
Reclassification
of Derivatives
to Equity
|
|
|
December 31,
2017, Fair
Value of
Derivative Liabilities
|
|
Series B - warrant liability (3) |
|
$ |
1,112,308 |
|
|
$ |
- |
|
|
$ |
(560,986 |
) |
|
$ |
- |
|
|
$ |
551,322 |
|
Emerald Convertible Promissory Note - conversion liability (4) |
|
|
- |
|
|
|
265,000 |
|
|
|
- |
|
|
|
- |
|
|
|
265,000 |
|
Series B Preferred Stock - conversion liability (5) |
|
|
118,821 |
|
|
|
- |
|
|
|
(102,848 |
) |
|
|
(9,258 |
) |
|
|
6,715 |
|
Series F Preferred Stock - put option liability (6) |
|
|
- |
|
|
|
103,364 |
|
|
|
(103,364 |
) |
|
|
- |
|
|
|
- |
|
Total derivative liabilities |
|
$ |
1,231,129 |
|
|
$ |
368,364 |
|
|
$ |
(767,198 |
) |
|
$ |
(9,258 |
) |
|
$ |
823,037 |
|
Less, noncurrent portion of derivative liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(551,322 |
) |
Current balance of derivative liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
271,715 |
|
|
| Schedule of the adjustment for the difference between the fair value of the warrant liabilities and the total proceeds received |
|
|
Closing |
|
|
|
|
|
|
January
2018
|
|
|
February
2018
|
|
|
Total |
|
Initial Fair Value of Emerald Financing Warrant Liability |
|
$ |
4,717,211 |
|
|
$ |
5,707,423 |
|
|
$ |
10,424,634 |
|
Less: Proceeds from Emerald Financing |
|
|
1,500,000 |
|
|
|
1,750,000 |
|
|
|
3,250,000 |
|
Excess over proceeds adjustment |
|
$ |
3,217,211 |
|
|
$ |
3,957,423 |
|
|
$ |
7,174,634 |
|
|
|
|
Closing |
|
|
|
|
|
|
January
2018
|
|
|
February
2018
|
|
|
Total |
|
Initial Fair Value of Emerald Financing Warrant Liability |
|
$ |
4,717,211 |
|
|
$ |
5,707,423 |
|
|
$ |
10,424,634 |
|
Less: Proceeds from Emerald Financing |
|
|
1,500,000 |
|
|
|
1,750,000 |
|
|
|
3,250,000 |
|
Excess over proceeds adjustment |
|
$ |
3,217,211 |
|
|
$ |
3,957,423 |
|
|
$ |
7,174,634 |
|
|