Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.8.0.1
Warrants (Tables)
 12 Months Ended
Dec. 31, 2017
Warrants [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
At December 31, 2017 and 2016, the following warrants were outstanding: 
 
 
 
Number of
Awards
 
 
Weighted
Average
Exercise
Price
 
 
Weighted
Average
Remaining
Term in Years
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
 
1,983,673
 
 
$
9.18
 
 
 
5.32
 
Issued
 
 
871,000
1
 
$
3.50
2
 
 
4.49
 
Forfeited
 
 
(1,937)
 
 
$
9.18
 
 
 
4.82
 
Outstanding at December 31, 2016
 
 
2,852,736
 
 
$
7.45
 
 
 
4.26
 
Issued
 
 
6,666,667
3
 
$
1.50
4
 
 
4.45
 
Forfeited
 
 
(63,442)
 
 
$
6.00
 
 
 
7.13
 
Outstanding at December 31, 2017
 
 
9,455,961
 
 
$
3.26
 
 
 
4.23
 
 
1
Consists of 1,742,000 warrants to purchase 837,500 shares of Common Stock issued to the investor, and 33,500 warrant shares issued to the Sales Agent, in connection with the Company’s registered direct offering on June 30, 2016.
2
Warrant exercise price for a full share of Common Stock. Each warrant issued is for the purchase of one-half of a share of Common Stock.
3
Consists of 6,666,667 warrants to purchase 6,666,667 shares of Common Stock issued in connection with the Company’s public offering on June 14, 2017.
4
Warrant exercise price for a full share of Common Stock.