Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit and Redeemable Convertible Series B and Convertible Series C & D Preferred Stock (Tables)

v3.7.0.1
Stockholders' Deficit and Redeemable Convertible Series B and Convertible Series C & D Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Schedule of warrants vested and outstanding

 

 

 

 

 

 

 

Amount

 

 

 

Exercise

 

Term

 

 

Issued 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 (see Note 6)

 

 

 

 

 

 

 

 

 

 

 

Common Stock Warrants to Series B Stockholders

 

$ 0.25

 

 

5

 

 

 

6,250,000

 

Placement Agent Warrants

 

$ 0.25

 

 

5

 

 

 

187,500

 

2016 Common Stock Warrants to Service Providers

 

$ 1.15

 

 

10

 

 

 

40,000

 

2016 Series C Placement Agent Warrants

 

$ 0.40

 

 

5

 

 

 

125,000

 

2017 Series D Placement Agent Warrants

 

$ 0.25

 

 

5

 

 

 

480,000

 

2017 Common Stock Warrants to Service Providers

 

$ 0.41

 

 

5

 

 

 

125,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Total warrants vested and outstanding as of June 30, 2017

 

 

 

 

 

 

 

 

 

11,649,500

 

Schedule of summary of stock option activity

 

 

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

for Grant of

 

 

 

 

 

 

 

 

Average

 

 

 

Options &

 

 

Number of

 

 

Price per

 

 

Exercise

 

 

 

 Shares

 

 

Shares

 

 

Share

 

 

Price

 

Balance at December 31, 2016

 

 

857,500

 

 

 

1,142,500

 

 

$

0.42-3.00

 

 

$ 0.61

 

Options granted

 

 

-

 

 

 

-

 

 

$ -

 

 

$ -

 

Options exercised

 

 

-

 

 

 

-

 

 

$ -

 

 

$ -

 

Options cancelled

 

 

12,500

 

 

 

(12,500 )

 

$ 1.15

 

 

$ 1.15

 

Balance at June 30, 2017

 

 

870,000

 

 

 

1,130,000

 

 

$

0.42-3.00

 

 

$ 0.60

 

Vested and Exercisable at June 30, 2017

 

 

 

 

 

 

452,000

 

 

$

0.42-3.00

 

 

$ 0.60