Quarterly report pursuant to Section 13 or 15(d)

Capital Structure (Tables)

v3.21.2
Capital Structure (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Warrants Outstanding to Purchase Shares Common Stock

As of June 30, 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

MAM Eagle Lender Warrant

 

 

527,100

 

 

$

4.59

 

 

May 29, 2027

November Series A Warrants

 

 

9,522,054

 

 

$

1.20

 

 

November 24, 2025

November Placement Warrants

 

 

416,202

 

 

$

1.48125

 

 

November 24, 2025

 

Schedule of Contingent Warrants Outstanding to Purchase Shares Common Stock As of June 30, 2021, the Company had the following contingent warrants outstanding to purchase shares of the Company’s common stock:

 

 

 

Number of Shares

 

 

Exercise Price per Share

 

 

Expiration Date

November Series A Warrants

 

 

604,529

 

 

$

1.20

 

 

November 24, 2025

November Placement Warrants

 

 

191,393

 

 

$

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

February Placement Warrants

 

 

660,000

 

 

$

2.00

 

 

February 8, 2026

May Warrants

 

 

14,028,520

 

 

$

0.90

 

 

December 1, 2026

May Placement Warrants

 

 

841,711

 

 

$

1.06250

 

 

May 31, 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.

 

 

 

June 30, 2021

 

 

Series A Warrants

 

 

Fair value

 

$

24

 

 

Expected dividend yield

 

 

 

%

Expected volatility

 

77.32

 

%

Risk-free interest rates

 

.67

 

%

Remaining contractual term

 

3.7 years