Quarterly report pursuant to Section 13 or 15(d)

WARRANTS

v3.19.2
WARRANTS
 6 Months Ended
Jun. 30, 2019
WARRANTS  
NOTE 15. WARRANTS

The Company has the following shares of common stock reserved for exercise of the warrants outstanding as of June 30, 2019:

 

 

Shares

 

Weighted-Average Exercise Price

 

Warrants Outstanding as of January 1, 2019

 

1,053,252

 

$

4.28

 

Warrants Exercised

 

-

 

-

 

Warrants Granted

 

311,318

 

Warrants Expired

 

(194,029

)

 

0.87

 

Warrants Outstanding as of June 30, 2019

 

1,170,541

 

$

2.95

 

The following weighted-average assumptions were used to calculate the fair value of warrants issued during the period ended June 30, 2019 and 2018 using the Black-Scholes option pricing model:

 

 

June 30,

 

June 30,

 

2019

 

2018

 

Expected Term (years)

 

6 Years

 

5 Years

 

Volatility

 

115.7

%

 

118.9

%

Risk-Free Interest Rate

 

1.8

%

 

2.5

%

Dividend Rate

 

0

%

 

0

%