Quarterly report pursuant to Section 13 or 15(d)

NOTE 9 - COMMON STOCK PURCHASE WARRANTS

v3.7.0.1
NOTE 9 - COMMON STOCK PURCHASE WARRANTS
3 Months Ended
Mar. 31, 2017
Other Liabilities Disclosure [Abstract]  
NOTE 8 - COMMON STOCK PURCHASE WARRANTS

NOTE 9 – COMMON STOCK PURCHASE WARRANTS

 

Warrants


The following is a summary of activity for warrants to purchase common stock for the three months ended March 31, 2017:


 

 

March 31, 2017

 

 

 

Number of Warrants

 

 

Weighted

Avg.

Exercise

Price

 

 

Remaining Contractual Life (Years)

 

Outstanding at the beginning of the year

 

 

218,764

 

 

$

8.40

 

 

 

4.6

 

Warrants expired

 

 

(375

)

 

 

233.45

 

 

 

 

 

Warrants issued with debt

 

 

194,887

 

 

 

5.25

 

 

 

4.9

 

Outstanding at end of period

 

 

413,276

 

 

 

7.00

 

 

 

4.6

 

Exercisable at end of period

 

 

413,276

 

 

$

7.00

 

 

 

4.6

 


During the first quarter of 2017, 194,888 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement.  During the same period, 375 warrants expired.