| Schedule of warrants vested and outstanding |
|
|
|
|
|
|
|
|
Number of
Warrants
|
|
|
|
Exercise |
|
|
Term |
|
|
Vested and |
|
Source |
|
Price |
|
|
(Years) |
|
|
Outstanding |
|
Pre 2015 Common Stock Warrants |
|
$ |
1.00 |
|
|
6—10 |
|
|
|
1,660,000 |
|
2015 Common Stock Warrants |
|
$ |
1.15—5.00 |
|
|
5—10 |
|
|
|
256,000 |
|
Common Stock Warrants to Series B Stockholders |
|
$ |
0.00 |
|
|
|
5 |
|
|
|
718,750 |
|
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 |
|
|
|
3,400,000 |
|
Emerald Multi-Draw Credit Agreement Warrants |
|
$ |
0.50 |
|
|
|
5 |
|
|
|
7,500,000 |
|
2019 Common Stock Warrants |
|
$ |
0.35 |
|
|
|
5 |
|
|
|
8,000,000 |
|
Total warrants vested and outstanding as of June 30, 2020 |
|
|
|
|
|
|
|
|
|
|
22,304,750 |
|
|
| Schedule of the activity of derivative liabilities |
|
|
Six Months Ended June 30, 2020 |
|
|
|
December 31,
2019,
Fair
Value of
Derivative Liabilities
|
|
|
Fair
Value of
Derivative Liabilities Issued
|
|
|
Change in
Fair value of
Liabilities
|
|
|
Reclassification
of Derivatives
to Equity
|
|
|
June 30,
2020,
Fair
Value of
Derivative Liabilities
|
|
Emerald Multi-Draw Credit Agreement - compound derivative liability (1) |
|
$ |
90,797 |
|
|
$ |
— |
|
|
$ |
(90,797 |
) |
|
$ |
— |
|
|
$ |
— |
|
Emerald Financing - warrant liability (2) |
|
|
276,024 |
|
|
|
— |
|
|
|
76,708 |
|
|
|
— |
|
|
|
352,732 |
|
Series B - warrant liability (3) |
|
|
134,579 |
|
|
|
— |
|
|
|
4,539 |
|
|
|
(26,563 |
) |
|
|
112,555 |
|
Total derivative liabilities |
|
$ |
501,400 |
|
|
$ |
— |
|
|
$ |
(9,550 |
) |
|
$ |
(26,563 |
) |
|
$ |
465,287 |
|
Less, noncurrent portion of derivative liabilities |
|
|
(90,797 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
Current balance of derivative liabilities |
|
$ |
410,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
465,287 |
|
|
|
Six Months Ended June 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
|
|
|
June 30,
2019,
Fair
Value of
Derivative Liabilities
|
|
Emerald Multi Draw Credit Agreement - compound derivative liability (1) |
|
$ |
219,453 |
|
|
$ |
516,058 |
|
|
$ |
(219,134 |
) |
|
$ |
— |
|
|
$ |
516,377 |
|
Emerald Financing - warrant liability (2) |
|
|
15,251,413 |
|
|
|
— |
|
|
|
(4,887,929 |
) |
|
|
— |
|
|
|
10,363,484 |
|
Series B - warrant liability (3) |
|
|
487,500 |
|
|
|
— |
|
|
|
(44,061 |
) |
|
|
(144,375 |
) |
|
|
299,064 |
|
Total derivative liabilities |
|
$ |
15,958,366 |
|
|
$ |
516,058 |
|
|
$ |
(5,151,124 |
) |
|
$ |
(144,375 |
) |
|
$ |
11,178,925 |
|
Less, noncurrent portion of derivative liabilities |
|
|
(219,453 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(516,377 |
) |
Current balance of derivative liabilities |
|
$ |
15,738,913 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,662,548 |
|
|