Quarterly report pursuant to Section 13 or 15(d)

Capital Structure (Tables)

v3.22.2.2
Capital Structure (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Warrants Outstanding to Purchase Shares Common Stock

As of September 30, 2022, 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)

 

 

919

 

 

$

0.35

 

 

March 26, 2025

MAM Eagle Lender Warrant

 

 

15,060

 

 

$

160.65

 

 

May 29, 2027

November Series A Warrants

 

 

289,331

 

 

$

0.5981

 

 

November 24, 2025

November Placement Warrants

 

 

17,357

 

 

$

51.84375

 

 

November 24, 2025

December Placement Warrants

 

 

17,654

 

 

$

50.96875

 

 

December 18, 2025

January Warrants

 

 

294,298

 

 

$

0.5981

 

 

January 21, 2026

January Placement Warrants

 

 

17,654

 

 

$

70.00

 

 

January 21, 2026

February Placement Warrants

 

 

18,854

 

 

$

70.00

 

 

February 8, 2026

May Warrants

 

 

400,815

 

 

$

0.5981

 

 

June 1, 2027

May Placement Warrants

 

 

24,046

 

 

$

37.1875

 

 

May 31, 2026

December 2021 Warrants

 

 

362,479

 

 

$

0.5981

 

 

June 27, 2027

December 2021 Placement Agent
   Warrants

 

 

28,996

 

 

$

11.20

 

 

December 27, 2026

March 2022 Warrants

 

 

78,088

 

 

$

3.25

 

 

March 1, 2027

March 2022 Warrants, repriced

 

 

3,429,580

 

 

$

0.5981

 

 

March 1, 2027

March 2022 Underwriter Warrants

 

 

210,526

 

 

$

3.5625

 

 

February 24, 2027

May 2022 Warrants

 

 

1,646,091

 

 

$

1.09

 

 

May 19, 2027

May 2022 Placement Agent
    Warrants

 

 

98,765

 

 

$

1.5188

 

 

May 17, 2027

August 2022 Series A-1 Warrants

 

 

11,819,172

 

 

$

0.525

 

 

September 1, 2027

August 2022 Series A-2 Warrants

 

 

11,819,172

 

 

$

0.525

 

 

October 2, 2023

August 2022 Placement Agent
   Warrants

 

 

709,150

 

 

$

0.65625

 

 

August 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.

 

 

 

September 30, 2022

 

 

Series A Warrants

 

 

Fair value

 

$

 

 

Expected dividend yield

 

 

 

%

Expected volatility

 

77.76

 

%

Risk-free interest rates

 

4.25

 

%

Remaining contractual term

 

2.5 years