Quarterly report pursuant to Section 13 or 15(d)

Common Stock

v3.19.1
Common Stock
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Common Stock

Note 7 - Common Stock

 

On January 29, 2019, the Company issued 172,869 shares of common stock under an exchange agreement to settle the outstanding balance of $383,768 under Partitioned Note. Following the issuance of the common stock, the Original Note was deemed paid in full (see Note 5).

 

On February 20, 2019, the Company issued 749,440 shares of common stock under a settlement agreement for an arbitration proceeding (see Note 14).

 

During the three months ended March 31, 2019, the Company issued 13,761 shares of common stock in connection with the exercise of 13,761 warrants at $3.33 per share.

 

During the three months ended March 31, 2019, the Company issued 1,248,324 shares of common stock in connection with the exercise of 2,080,539 warrants through cashless exercises.

 

During the three months ended March 31, 2019, 10,062 shares of Series 5 Preferred were converted into 3,021,663 shares of the Company’s common stock.

 

During the three months ended March 31, 2019, the Company issued 200,000 shares of common stock for services which were fully vested upon grant. The Company recorded an expense of approximately $242,000.