Common Stock

During the three months ended March 31, 2019, senior secured convertible promissory notes and accrued interest in the amount of $5.27 million were converted into 15,038,949 shares of common stock.

During the three months ended March 31, 2019, the Company cancelled 60,000 shares of common stock valued at $0.01 million and issued 373,631 shares of common stock for compensation in the amount of $0.30 million.

During the three months ended March 31, 2019, the Company sold 1,314,345 shares of common stock for the net amount of $0.80 million pursuant to an equity financing facility with an accredited investor and sold 2,183,823 shares of common stock for the net amount of $1.50 million to other accredited investors.