Annual report pursuant to Section 13 and 15(d)

Common Stock Warrants (Tables)

v3.21.1
Common Stock Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Warrants And Rights Note Disclosure [Abstract]  
Schedule of Common Stock Warrants Issued and Outstanding

 

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.