Quarterly report pursuant to Section 13 or 15(d)

Capital Structure (Tables)

v3.21.1
Capital Structure (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Schedule of Warrants Outstanding to Purchase Shares Common Stock

As of March 31, 2021, 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

March Series A Warrants

   (non-participating holders)

 

 

32,438

 

 

$

0.01

 

 

March 26, 2025

March Series B Warrants

   (non-participating holders)

 

 

32,438

 

 

$

0.01

 

 

April 26, 2021

March Series A and Series B

   Warrants (participating holders)

 

 

437,692

 

 

$

0.01

 

 

April 26, 2021

MAM Eagle Lender Warrant

 

 

527,100

 

 

$

4.59

 

 

May 29, 2027

November Series A Warrants

 

 

10,126,583

 

 

$

1.20

 

 

November 24, 2025

November Placement Warrants

 

 

607,595

 

 

$

1.48125

 

 

November 24, 2025

December Placement Warrants

 

 

618,026

 

 

$

1.45625

 

 

December 18, 2025

January Warrants

 

 

10,300,430

 

 

$

1.60

 

 

January 21, 2026

January Placement Warrants

 

 

618,026

 

 

$

2.00

 

 

January 21, 2026

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.

 

 

 

March 31, 2021

 

 

Series A Warrants

 

 

 

Series B Warrants

 

 

Fair value

 

$

42

 

 

 

$

41

 

 

Expected dividend yield

 

 

 

%

 

 

 

%

Expected volatility

 

76.25

 

%

 

59.57

 

%

Risk-free interest rates

 

.64

 

%

 

.01

 

%

Remaining contractual term

 

4.0 years

 

 

 

0.1 years