| 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 |
|
|
|
1,110,000 |
|
2015 Common Stock Warrants |
|
$ |
1.15—5.00 |
|
|
5—10 |
|
|
|
220,000 |
|
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 |
|
2020 Common Stock Warrants |
|
$ |
0.06 |
|
|
|
5 |
|
|
|
116,666,668 |
|
2020 Common Stock Warrants to Placement Agent |
|
$ |
0.075 |
|
|
|
4.99 |
|
|
|
8,166,667 |
|
2020 Pre-Funded Warrants |
|
$ |
0.001 |
|
|
indefinite |
|
|
|
49,800,000 |
|
Total warrants vested and outstanding as of September 30, 2020 |
|
|
|
|
|
|
|
|
|
|
195,633,335 |
|
|
| Schedule of the activity of derivative liabilities |
|
|
Nine Months Ended September 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
|
|
|
September 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 |
|
|
|
— |
|
|
|
(234,875 |
) |
|
|
— |
|
|
|
41,149 |
|
Series B - warrant liability (3) |
|
|
134,579 |
|
|
|
— |
|
|
|
(108,016 |
) |
|
|
(26,563 |
) |
|
|
— |
|
Total derivative liabilities |
|
$ |
501,400 |
|
|
$ |
— |
|
|
$ |
(433,688 |
) |
|
$ |
(26,563 |
) |
|
$ |
41,149 |
|
Less, noncurrent portion of derivative liabilities |
|
|
(90,797 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
Current balance of derivative liabilities |
|
$ |
410,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
41,149 |
|
|
|
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 |
|
|