| Schedule of warrants vested and outstanding |
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|
|
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Amount
|
|
|
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Exercise
|
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|
Term
|
|
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Vested and
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Source
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Price
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(Years)
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Outstanding
|
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|
Pre 2015 Common Stock Warrants
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|
$ |
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 |
|
|
2016 Common Stock Warrants to Service Providers
|
|
$ |
1.15 |
|
|
|
10 |
|
|
|
40,000 |
|
|
2016 Series C Common Stock Warrants to Placement Agent
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|
$ |
0.40 |
|
|
|
5 |
|
|
|
125,000 |
|
|
2017 Series D Common Stock Warrants to Placement Agent
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|
$ |
0.25 |
|
|
|
5 |
|
|
|
480,000 |
|
|
2017 Common Stock Warrants to Service Provider
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|
$ |
0.41 |
|
|
|
5 |
|
|
|
125,000 |
|
|
2018 Emerald Financing Warrants
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|
$ |
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 June 30, 2019
|
|
|
|
|
|
|
|
|
|
|
57,943,250 |
|
|
| Schedule of the adjustment for the difference between the fair value of the warrant liabilities and the total proceeds received |
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Closing
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|
|
|
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|
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|
January
2018
|
|
|
February
2018
|
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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 |
|
|
| Schedule summary of the activity of derivative liabilities |
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|
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Six Months Ended June 30, 2019
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|
|
|
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December 31, 2018, Fair Value ofDerivative Liabilities
|
|
|
Fair Value of Derivative Liabilities Issued
|
|
|
Change in Fair value of Derivative Liabilities
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|
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Reclassification of Derivatives to Equity
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|
|
June 30, 2019, FairValue 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 |
|
|
|
|
Six Months Ended June 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
|
|
|
June 30, 2018, Fair Value of Derivative Liabilities
|
|
|
Emerald Financing - warrant liability (2)
|
|
$ |
- |
|
|
$ |
10,424,634 |
|
|
$ |
(814,071 |
) |
|
$ |
- |
|
|
$ |
9,610,563 |
|
|
Series B - warrant liability (3)
|
|
|
551,322 |
|
|
|
- |
|
|
|
1,231,820 |
|
|
|
(1,301,866 |
) |
|
|
481,276 |
|
|
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 |
|
|
$ |
602,749 |
|
|
$ |
(2,118,581 |
) |
|
$ |
10,091,839 |
|
|
Less, noncurrent portion of derivative liabilities
|
|
|
(551,322 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
Current balance of derivative liabilities
|
|
$ |
271,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,091,839 |
|
|