Quarterly report pursuant to Section 13 or 15(d)

NOTE 9 - COMMON STOCK PURCHASE WARRANTS

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NOTE 9 - COMMON STOCK PURCHASE WARRANTS
 9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
NOTE 9 - 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 nine months ended September 30, 2017:


 

 

September 30, 2017

 

 

 

Number of Warrants

 

 

Weighted

Avg.

Exercise

Price

 

 

Remaining Contractual Life (Years)

 

Outstanding at the beginning of the year

 

 

218,764

 

 

$

8.40

 

 

 

3.8

 

Warrants expired

 

 

(375

)

 

 

233.45

 

 

 

 

 

Warrants issued with debt

 

 

308,558

 

 

 

5.25

 

 

 

4.5

 

Outstanding at end of period

 

 

526,947

 

 

 

6.61

 

 

 

4.2

 

Exercisable at end of period

 

 

526,947

 

 

$

6.61

 

 

 

4.2

 


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.


During the second quarter of 2017, 59,548 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement.


During the third quarter of 2017, 54,122 warrants were issued with the Securities Purchase Agreement and the amended Placement Agent Agreement.