Annual report pursuant to Section 13 and 15(d)

Common Stock Warrants

v3.21.1
Common Stock Warrants
12 Months Ended
Dec. 31, 2020
Warrants And Rights Note Disclosure [Abstract]  
Common Stock Warrants

Note 15. Common Stock Warrants

 

 

At December 31, 2020 and 2019, the Company had the following common stock warrants issued and outstanding:

 

 

 

Shares

 

 

 

 

 

 

 

 

 

Warrant Class

 

2020

 

 

2019

 

 

Issuance

Date

 

Price

per Share

 

 

Expiration

Date

Common stock warrant

 

 

50,716

 

 

 

50,716

 

 

February 2014

 

$

0.1700

 

 

February 2021

Common stock warrant (1)

 

 

 

 

 

84,000

 

 

June 2017

 

$

13.2000

 

 

June 2020

 

 

 

50,716

 

 

 

134,716

 

 

 

 

 

 

 

 

 

 

(1)

In June 2017, in connection with its public offering, the Company issued a warrant to purchase 84,000 shares of common stock to its lead underwriter. The Company determined the fair value of this warrant on the date of issuance to be $0.3 million. The warrant was immediately exercisable and was exercised in 2020 on cashless basis and converted into 46,939 shares of common stock.    

The outstanding warrants for 50,716 shares were exercised in February 2021 on cash basis and converted into 50,716 shares of common stock.