Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS

v3.20.2
STOCK WARRANTS
9 Months Ended
Sep. 30, 2020
Stock Warrants Abstract  
STOCK WARRANTS

NOTE 11 – STOCK WARRANTS

 

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at September 30, 2020:

 

Exercise     Number     Expiration
Price     Outstanding     Date
$ 0.50       2,500       November 2020
$ 0.50       24,920       November 2024
$ 0.57       126,900          February 2025
$ 35.00       490,571        December 2023
$ 630.00       5,441           October 2021
$ 687.50       474           October 2021
          650,806        

 

During the nine months ended September 30, 2020, 2.3 million warrants from the November 2019 financing, with an exercise price of $0.57, were exercised for proceeds of approximately $1.3 million. During the nine months ended September 30, 2020, 2.3 million warrants from the November 2019 financing, with an exercise price of $0.50, were exercised for proceeds of approximately $1.2 million.

 

During the nine months ended September 30, 2020, 13.0 million warrants from the February 7th financing, with an exercise price of $0.57, were exercised for proceeds of approximately $7.5 million.

 

During the nine months ended September 30, 2019, 2,000 warrants with an exercise price of $35.00 were exercised for proceeds of approximately $70,000.

 

During the nine months ended September 30, 2019, 24 warrants with an exercise price of $25,000 expired.