Quarterly report pursuant to Section 13 or 15(d)

Capital Structure (Tables)

v3.20.2
Capital Structure (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Warrants Outstanding to Purchase Shares Common Stock Liability

As of June 30, 2020, the Company had the following warrants outstanding to purchase shares of the Company’s common

stock:

 

 

Number of Shares

 

 

Exercise Price per Share

 

 

Expiration Date

Series A Warrants

 

 

7,692,308

 

 

$

4.59

 

 

March 24, 2025

Series B Warrants

 

 

6,887,692

 

 

$

3.25

 

 

April 24, 2021

MAM Eagle Lender Warrant

 

 

527,100

 

 

$

4.59

 

 

May 29, 2027

Summary of Fair Value Assumptions Black Scholes Option Pricing Model

The following table summarizes the fair value and the assumptions used for the Black-Scholes option-pricing model for the liability classified warrants.

 

 

June 30, 2020

 

 

Series A Warrants

 

 

 

Series B Warrants

 

 

Fair value

 

$

12,691

 

 

 

$

8,719

 

 

Expected dividend yield

 

 

 

%

 

 

 

%

Expected volatility

 

74.49

 

%

 

96.13

 

%

Risk-free interest rates

 

.29

 

%

 

.16

 

%

Remaining contractual term

 

4.7 years

 

 

 

0.8 years