Tonix Pharmaceuticals Holding Corp. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

STOCK WARRANTS (Tables)

STOCK WARRANTS (Tables)

9 Months Ended

Sep. 30, 2013

Warrants and Rights Note Disclosure [Abstract]

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at September 30, 2013:

Exercise		Number		Number		Expiration
Price		Outstanding		Vested		Date
$	4.25		3,189,200		3,189,200	August 2018
	8.00		406,875		406,875	December 2013
	12.00		456,009		453,309	December 2017 to January 2018
	20.00		15,288		15,288	January 2014 to January 2015
	25.00		354,228		354,228	January 2017 to March 2019
			4,421,600		4,418,900

Schedule Of Share Based Payment Award Stock Warrants Valuation Assumptions [Table Text Block]

The assumptions used in the valuation of warrants, which vested during the three and nine months ended September 30, 2013, were as follows:

	Three Months Ended			Weighted Average Nine Months
	September 30, 2013			Ended September 30, 2013
Risk-free interest rate		1.38	%		0.94	%
Life of warrant		4.25 years			4.50 years
Expected stock price volatility		91.31	%		96.69	%
Expected dividend yield	$	0.0			0.0

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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