Warrants and Options (Tables)
|
3 Months Ended |
Mar. 31, 2017 |
Warrant [Member] |
|
Summarizes changes in warrants and options outstanding |
The
following table summarizes the changes in warrants outstanding of the Company during the three month period ended March 31, 2017:
|
|
Number
of Warrants |
|
|
Weighted
Average
Exercise
Price ($)
|
|
Outstanding
at December 31, 2016 |
|
|
2,162,638 |
|
|
|
2.40 |
|
Granted |
|
|
- |
|
|
|
- |
|
Exercised |
|
|
(19,500 |
) |
|
|
(2.22 |
) |
Expired |
|
|
- |
|
|
|
- |
|
Outstanding
at March 31, 2017 |
|
|
2,143,138 |
|
|
|
2.40 |
|
|
|
|
|
|
|
|
|
|
Exercisable
at March 31, 2017 |
|
|
1,993,138 |
|
|
|
2.39 |
|
|
Summarizes warrants and options issued and outstanding |
Below
is a table summarizing the warrants issued and outstanding as of March 31, 2017, which have a weighted average exercise price
of $2.40 per share and an aggregate weighted average remaining contractual life of 1.67 years.
Date
Issued |
|
Number
Outstanding |
|
|
Number
Exercisable
|
|
|
Exercise
Price
($)
|
|
|
Contractual
Life (Years) |
|
|
Weighted
Average Remaining Contractual Life (Years) |
|
|
Expiration
Date
|
|
Proceeds
to Company if Exercised ($) |
|
05/11/12 |
|
|
341,458 |
|
|
|
341,458 |
|
|
|
2.60 |
|
|
|
5.0 |
|
|
|
0.02 |
|
|
05/10/17 |
|
|
887,791 |
|
03/20/13 |
|
|
150,000 |
|
|
|
- |
|
|
|
2.47 |
|
|
4.0 to
6.0 |
|
|
|
0.28 |
|
|
06/30/20 to 12/31/21 |
|
|
370,500 |
|
06/10/13 |
|
|
29,750 |
|
|
|
29,750 |
|
|
|
2.00 |
|
|
|
5.0 |
|
|
|
0.02 |
|
|
06/10/18 |
|
|
59,500 |
|
08/07/13 |
|
|
45,000 |
|
|
|
45,000 |
|
|
|
2.40 |
|
|
|
4.0 |
|
|
|
0.01 |
|
|
08/07/17 |
|
|
108,000 |
|
11/25/13 |
|
|
456,063 |
|
|
|
456,063 |
|
|
|
2.40 |
|
|
|
5.0 |
|
|
|
0.34 |
|
|
11/25/18 |
|
|
1,094,551 |
|
12/31/13 |
|
|
64,392 |
|
|
|
64,392 |
|
|
|
2.40 |
|
|
|
5.0 |
|
|
|
0.05 |
|
|
12/31/18 |
|
|
154,541 |
|
02/26/14 |
|
|
963,475 |
|
|
|
963,475 |
|
|
|
2.20 |
|
|
|
5.0 |
|
|
|
0.86 |
|
|
02/26/19 |
|
|
2,119,645 |
|
09/05/14 |
|
|
10,000 |
|
|
|
10,000 |
|
|
|
2.40 |
|
|
|
3.0 |
|
|
|
0.00 |
|
|
09/05/17 |
|
|
24,000 |
|
09/26/14 |
|
|
24,000 |
|
|
|
24,000 |
|
|
|
3.00 |
|
|
|
3.0 |
|
|
|
0.01 |
|
|
09/26/17 |
|
|
72,000 |
|
11/17/14 |
|
|
19,000 |
|
|
|
19,000 |
|
|
|
3.75 |
|
|
|
3.0 |
|
|
|
0.01 |
|
|
11/17/17 |
|
|
71,250 |
|
11/14/16 |
|
|
40,000 |
|
|
|
40,000 |
|
|
|
4.53 |
|
|
|
4.0 |
|
|
|
0.07 |
|
|
11/14/20 |
|
|
181,200 |
|
|
|
|
2,143,138 |
|
|
|
1,993,138 |
|
|
|
|
|
|
|
|
|
|
|
1.67 |
|
|
|
|
|
5,142,978 |
|
|
Option [Member] |
|
Summarizes changes in warrants and options outstanding |
The
following table summarizes the changes in options outstanding of the Company during the three month period ended March 31, 2017:
|
|
Number
of
Options
|
|
|
Weighted
Average
Exercise
Price ($)
|
|
Outstanding
at December 31, 2016 |
|
|
2,384,300 |
|
|
|
3.75 |
|
Granted |
|
|
761,000 |
|
|
|
4.99 |
|
Exercised |
|
|
- |
|
|
|
- |
|
Expired |
|
|
(5,000 |
) |
|
|
5.31 |
|
Outstanding
at March 31, 2017 |
|
|
3,140,300 |
|
|
|
4.05 |
|
|
|
|
|
|
|
|
|
|
Exercisable
at March 31, 2017 |
|
|
1,560,133 |
|
|
|
3.60 |
|
|
Summarizes warrants and options issued and outstanding |
Below
is a table summarizing the options issued and outstanding as of March 31, 2017, 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 $4.05 per share and an aggregate weighted average remaining contractual
life of 3.82 years.
Date
Issued |
|
Number
Outstanding |
|
|
Number
Exercisable |
|
|
Exercise
Price ($) |
|
|
Contractual
Life (Years) |
|
|
Weighted
Average
Remaining
Contractual Life (Years)
|
|
|
Expiration
Date |
|
Proceeds
to Company if
Exercised ($) |
|
11/25/11 |
|
|
404,000 |
|
|
|
404,000 |
|
|
4.00-5.00 |
|
|
5.5-7.0 |
|
|
|
0.12 |
|
|
05/25/17-11/25/18 |
|
|
1,818,000 |
|
09/01/12 |
|
|
15,000 |
|
|
|
15,000 |
|
|
5.31-6.31 |
|
|
5.0-6.0 |
|
|
|
0.01 |
|
|
09/01/17-09/01/18 |
|
|
89,650 |
|
03/20/13 |
|
|
37,000 |
|
|
|
37,000 |
|
|
2.35-4.35 |
|
|
4.5-7.0 |
|
|
|
0.02 |
|
|
09/20/17-03/20/20 |
|
|
123,950 |
|
09/02/13 |
|
|
16,300 |
|
|
|
16,300 |
|
|
2.35-4.35 |
|
|
4.5-7.0 |
|
|
|
0.01 |
|
|
03/02/18-09/02/20 |
|
|
54,605 |
|
05/16/14 |
|
|
25,000 |
|
|
|
20,833 |
|
|
3.00-5.00 |
|
|
3.5-6.0 |
|
|
|
0.01 |
|
|
11/16/17-05/16/20 |
|
|
100,000 |
|
08/18/14 |
|
|
645,000 |
|
|
|
645,000 |
|
|
2.50 and
3.00 |
|
|
4.5 and
5.5 |
|
|
|
0.50 |
|
|
02/18/19-02/18/20 |
|
|
1,773,750 |
|
05/18/15 |
|
|
20,000 |
|
|
|
20,000 |
|
|
|
3.80 |
|
|
|
4.5 |
|
|
|
0.02 |
|
|
11/18/19 |
|
|
76,000 |
|
07/23/15 |
|
|
317,000 |
|
|
|
317,000 |
|
|
|
4.00 |
|
|
|
4.5 |
|
|
|
0.28 |
|
|
01/23/20 |
|
|
1,268,000 |
|
08/17/15 |
|
|
75,000 |
|
|
|
75,000 |
|
|
|
3.75 |
|
|
|
5.0 |
|
|
|
0.08 |
|
|
08/17/20 |
|
|
281,250 |
|
04/15/16 |
|
|
775,000 |
|
|
|
- |
|
|
|
4.00 |
|
|
|
6.0 |
|
|
|
1.24 |
|
|
04/15/22 |
|
|
3,100,000 |
|
06/23/16 |
|
|
15,000 |
|
|
|
- |
|
|
|
4.00 |
|
|
|
6.0 |
|
|
|
0.02 |
|
|
06/23/22 |
|
|
60,000 |
|
09/13/16 |
|
|
25,000 |
|
|
|
- |
|
|
|
4.65 |
|
|
|
6.0 |
|
|
|
0.04 |
|
|
09/13/22 |
|
|
116,250 |
|
11/11/16 |
|
|
10,000 |
|
|
|
10,000 |
|
|
|
5.00 |
|
|
|
6.0 |
|
|
|
0.02 |
|
|
11/11/22 |
|
|
50,000 |
|
01/01/17 |
|
|
50,000 |
|
|
|
- |
|
|
|
4.80 |
|
|
|
6.0 |
|
|
|
0.09 |
|
|
01/01/23 |
|
|
240,000 |
|
02/13/17 |
|
|
25,000 |
|
|
|
- |
|
|
|
5.00 |
|
|
|
6.0 |
|
|
|
0.05 |
|
|
02/13/23 |
|
|
125,000 |
|
03/30/17 |
|
|
686,000 |
|
|
|
- |
|
|
|
5.00 |
|
|
|
6.0 |
|
|
|
1.31 |
|
|
03/30/23 |
|
|
3,430,000 |
|
|
|
|
3,140,300 |
|
|
|
1,560,133 |
|
|
|
|
|
|
|
|
|
|
|
3.82 |
|
|
|
|
|
12,706,455 |
|
|