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Warrants
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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| Warrants and Rights Note Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||
| Warrants Disclosure [Text Block] |
Note 8 — Warrants
During the nine months ended September 30, 2014, two warrant holders exercised warrants to purchase a total of 41,108 shares of the Company’s common stock on a cashless basis. The warrant holders received a total of 39,038 shares of common stock and $7 in cash payment for a fractional share. Additionally, during the nine months ended September 30, 2014, one warrant holder exercised warrants to purchase 1,438 shares of the Company’s common stock for $5,000 in cash.
A summary of the Company’s warrant activity and related information is as follows:
The shares underlying the warrants have not been registered. Warrants to purchase 40,000 shares were unvested at September 30, 2014.
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