Annual report pursuant to Section 13 and 15(d)

WARRANTS (Tables)

v3.8.0.1
WARRANTS (Tables)
 12 Months Ended
Dec. 31, 2017
Warrants Tables  
Warrants outstanding
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Weighted-Average

Exercise Price

  
             
Warrants Outstanding as of January 1, 2016     2,161,734     $ 2.70  
Warrants Exercised     (1,873,206 )   $ 2.55  
Warrants Granted     802,122     $ 3.45  
Warrants Expired     (34,889 )   $ 6.75  
Warrants Outstanding as of December 31, 2016     1,055,761     $ 2.85  
Warrants Exercised     -     $ -  
Warrants Granted     214,915     $ 2.79  
Warrants Expired     (79,309 )   $ 3.34  
Warrants Outstanding as of December 31, 2017     1,191,367     $ 0.19  
Weighted-average fair value of the warrants granted
    For the Year Ended  
    December 31, 2017     December 31, 2016  
    Weighted-Average Exercise Price     Weighted-Average Fair Value     Weighted-Average Exercise Price     Weighted-Average Fair Value  
                         
Warrants Granted Whose Exercise Price Exceeded Fair Value at the Date of Grant   $ -     $ -     $ 4.50     $ 3.75  
Warrants Granted Whose Exercise Price Was Equal or Lower Than Fair Value at the Date of Grant   $ 2.79     $ 3.20     $ 4.35     $ 4.80  
Summarizes information about fixed-price warrants outstanding

The following table summarizes information about fixed-price warrants outstanding as of December 31, 2017:

 

Range of     Number Outstanding     Average Remaining   Weighted-Average  
Exercise Prices     at December 31, 2017     Contractual Life   Exercise Price  
                   
$ 0.90       304,467     9 Months   $ 0.90  
$ 0.99       16,629     36 Months   $ 0.99  
$ 1.82       61,932     16 Months   $ 1.82  
$ 1.95       57,559     15 Months   $ 1.95  
$ 2.04       44,053     55 Months   $ 2.04  
$ 2.06       105,263     6 Months   $ 2.06  
$ 2.40       111,759     37 Months   $ 2.40  
$ 2.91       56,760     60 Months   $ 2.91  
$ 3.09       26,711     6 Months   $ 3.09  
$ 3.12       52,834     56 Months   $ 3.12  
$ 3.74       24,048     50 Months   $ 3.74  
$ 4.05       37,037     48 Months   $ 4.05  
$ 5.25       170,190     40 Months   $ 5.25  
$ 5.55       11,905     33 Months   $ 5.55  
$ 6.15       29,268     47 Months   $ 6.15  
$ 6.60       80,952     32 Months   $ 6.60  
          1,191,367              
Warrants utilizing weighted-average inputs
   

Year Ended

December 31,

  
    2017     2016  
Stock Price on Date of Grant   $ 4.15     $ 4.80  
Exercise Price   $ 2.79     $ 4.50  
Volatility     126.14 %     138.00 %
Term   5-Years     5-Years  
Risk-Free Interest Rate     1.87 %     1.24 %
Expected Dividend Rate     0 %     0 %