Quarterly report pursuant to Section 13 or 15(d)

Common Stock Warrants - Summary of Warrant Activity (Details)

v3.19.2
Common Stock Warrants - Summary of Warrant Activity (Details)
6 Months Ended
Jun. 30, 2019
$ / shares
shares
Equity [Abstract]  
Number of Shares, Warrants Outstanding Beginning | shares 12,108,743
Number of Shares, Warrants Issued | shares 18,000,000
Number of Shares, Warrants Outstanding and Exercisable Ending | shares 30,108,743
Weighted Average Exercise Price Outstanding | $ / shares $ 1.38
Weighted Average Exercise Price Warrants Issued | $ / shares 0.75
Weighted Average Exercise Price Outstanding | $ / shares $ 0.95 [1],[2]
Weighted Average Remaining Contractual Life Warrants Outstanding, Beginning 2 years 7 months 6 days
Weighted Average Remaining Contractual Life Warrants Outstanding, Issued 2 years 7 months 2 days
Weighted Average Remaining Contractual Life Warrants Outstanding Ending 2 years 4 months 17 days
[1] Warrants issued with the August 8, 2018 and September 28, 2018 convertible notes had an initial exercise price of $0.75 and contain a contingent feature which would adjust the exercise price of the warrants in the event the Company issued any shares of common stock or common stock equivalents in a private placement of equity or debt securities to 90% of the issuance price if it is less than $0.75.
[2] Warrants issued with the May 2018 private placement and debt conversion had an initial exercise price of $0.75 and contain a contingent feature which would adjust the exercise price of the warrant in the event the Company issues any shares of common stock or common stock equivalents in a private placement of equity or debt securities at a price less than $0.75 per share. On August 8, 2018, the Company completed the issuance of convertible debt at an initial conversion price of $0.40. Accordingly, the exercise price on these warrants was adjusted downward to $0.40.