Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.20.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2019
Class of Warrant or Right [Line Items]  
Summary of the company's warrant activity and related information

A summary of the Company’s warrant activity and related information is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

    

 

    

Weighted

    

 

    

Weighted

 

 

 

 

Average

 

 

 

Average

 

 

 

 

Exercise 

 

 

 

Exercise 

 

 

Warrants

 

Price

 

Warrants

 

Price

Outstanding at January 1

 

713,652

 

$

26.19

 

748,155

 

$

27.87

Granted

 

2,705,864

 

$

1.59

 

 —

 

$

 —

Forfeited/Expired

 

(88,010)

 

$

38.70

 

(34,503)

 

$

62.50

Outstanding at December 31

 

3,331,506

 

$

5.88

 

713,652

 

$

26.19

 

Warrant [Member]  
Class of Warrant or Right [Line Items]  
Schedule of assumptions used in the black-scholes model

The assumptions used in the Black-Scholes model for these warrants are as follows:

 

 

 

 

 

Average risk-free interest rate

    

1.69

%

Expected dividend yield

 

 —

%

Expected life

 

5 years

 

Expected volatility

 

80

%