| Summary of Warrants Issued And Outstanding |
Below is a table summarizing the warrants issued
and outstanding as of June 30, 2016, which have a weighted average exercise price of $2.35 per share and a weighted average remaining
contractual life of 2.4 years.
| Date |
|
Number |
|
|
Exercise |
|
|
Contractual |
|
|
Expiration |
|
Proceeds to Company if |
|
| Issued |
|
Outstanding |
|
|
Price ($) |
|
|
Life (Years) |
|
|
Date |
|
Exercised ($) |
|
| 05/11/12 |
|
|
341,458 |
|
|
|
2.60 |
|
|
|
5.0 |
|
|
05/10/17 |
|
|
887,790 |
|
| 03/20/13 |
|
|
150,000 |
|
|
|
2.47 |
|
|
|
3.0 to 6.5 |
|
|
03/20/16 to 12/20/19 |
|
|
370,500 |
|
| 06/10/13 |
|
|
29,750 |
|
|
|
2.00 |
|
|
|
5.0 |
|
|
06/10/18 |
|
|
59,500 |
|
| 08/07/13 |
|
|
45,000 |
|
|
|
2.40 |
|
|
|
3.0 |
|
|
08/07/16 |
|
|
108,000 |
|
| 11/25/13 |
|
|
456,063 |
|
|
|
2.40 |
|
|
|
5.0 |
|
|
11/25/18 |
|
|
1,094,551 |
|
| 12/31/13 |
|
|
64,392 |
|
|
|
2.40 |
|
|
|
5.0 |
|
|
12/31/18 |
|
|
154,540 |
|
| 01/28/14 |
|
|
2,000 |
|
|
|
2.40 |
|
|
|
3.0 |
|
|
01/28/17 |
|
|
4,800 |
|
| 02/26/14 |
|
|
1,068,475 |
|
|
|
2.20 |
|
|
|
5.0 |
|
|
02/26/19 |
|
|
2,350,645 |
|
| 09/05/14 |
|
|
10,000 |
|
|
|
2.40 |
|
|
|
3.0 |
|
|
09/05/17 |
|
|
24,000 |
|
| 09/26/14 |
|
|
24,000 |
|
|
|
3.00 |
|
|
|
3.0 |
|
|
09/26/17 |
|
|
72,000 |
|
| 11/17/14 |
|
|
19,000 |
|
|
|
3.75 |
|
|
|
3.0 |
|
|
11/17/17 |
|
|
71,250 |
|
| |
|
|
2,210,138 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,197,576 |
|
|
| Summary of options issued and outstanding |
Below is a table summarizing the options issued
and outstanding as of June 30, 2016, all of which were issued pursuant to the 2011 Equity Incentive Plan (for option issuances
prior to 2016) or the 2015 Stock Incentive Plan (for option issuances commencing in 2016) and which have a weighted average exercise
price of $3.70 per share and a weighted average remaining contractual life of 3.69 years.
| Date |
|
Number |
|
|
Exercise |
|
|
Contractual |
|
|
Expiration |
|
Proceeds to Company if |
|
| Issued |
|
Outstanding |
|
|
Price ($) |
|
|
Life (Years) |
|
|
Date |
|
Exercised ($) |
|
| 11/25/11 |
|
|
505,000 |
|
|
3.00-5.00 |
|
|
4.5-7.0 |
|
|
05/25/16-11/25/18 |
|
|
2,121,000 |
|
| 09/01/12 |
|
|
25,000 |
|
|
4.31-6.31 |
|
|
3.5-6.0 |
|
|
03/01/16-09/01/18 |
|
|
137,750 |
|
| 03/20/13 |
|
|
37,000 |
|
|
2.35-4.35 |
|
|
4.5-7.0 |
|
|
09/20/17-03/20/20 |
|
|
123,950 |
|
| 09/02/13 |
|
|
16,300 |
|
|
2.35-4.35 |
|
|
4.5-7.0 |
|
|
03/02/18-09/02/20 |
|
|
54,605 |
|
| 05/16/14 |
|
|
25,000 |
|
|
3.00-5.00 |
|
|
3.5-6.0 |
|
|
11/16/17-05/16/20 |
|
|
100,000 |
|
| 08/18/14 |
|
|
645,000 |
|
|
2.50-3.00 |
|
|
4.5 and 5.5 |
|
|
02/18/19 and 02/18/20 |
|
|
1,773,750 |
|
| 05/18/15 |
|
|
20,000 |
|
|
|
3.80 |
|
|
|
4.5 |
|
|
11/18/19 |
|
|
76,000 |
|
| 07/23/15 |
|
|
317,000 |
|
|
|
4.00 |
|
|
|
4.5 |
|
|
01/23/20 |
|
|
1,268,000 |
|
| 08/17/15 |
|
|
75,000 |
|
|
|
3.75 |
|
|
|
5.0 |
|
|
08/17/20 |
|
|
281,250 |
|
| 04/15/16 |
|
|
775,000 |
|
|
|
4.00 |
|
|
|
6.0 |
|
|
04/15/22 |
|
|
3,100,000 |
|
| 06/23/16 |
|
|
15,000 |
|
|
|
4.00 |
|
|
|
6.0 |
|
|
06/23/22 |
|
|
60,000 |
|
| |
|
|
2,455,300 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
9,096,305 |
|
|