| Reconciliation of warrant liability, additional paid-in capital and accumulated deficit |
| |
|
Consolidated
Balance Sheet |
|
| |
|
Warrant
Liability
|
|
|
Additional
paid
in
capital
|
|
|
Accumulated
deficit
|
|
| Balance,
December 31, 2016 (Prior to adoption of ASU 2017-11) |
|
$ |
1,313,000 |
|
|
$ |
49,838,468 |
|
|
$ |
(54,883,223 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Reverese
beginning balance as of Janaury 1, 2016 |
|
|
(9,854,000 |
) |
|
|
- |
|
|
|
9,854,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance
of warrants |
|
|
(1,096,000 |
) |
|
|
- |
|
|
|
1,096,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in fair value of warrant liability |
|
|
(14,021,626 |
) |
|
|
(659,685 |
) |
|
|
14,681,311 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Stock
issued upon cashless warrant exercise |
|
|
9,147,159 |
|
|
|
(9,147,159 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
on debt restructuting |
|
|
14,511,467 |
|
|
|
- |
|
|
|
(14,511,467 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance,
December 31, 2016 (After adoption of ASU 2017-11) |
|
|
- |
|
|
$ |
40,031,625 |
|
|
$ |
(43,763,379 |
) |
|
| Summary of the changes in fair value of the warrant liability |
| |
|
Consolidated
Statement Of Operations |
|
| |
|
Interest
Expense
|
|
|
Change
in
value
of
warrant
liability
|
|
|
Gain
on debt restructuring |
|
|
Net
loss |
|
| Balance,
December 31, 2016 (Prior to adoption of ASU 2017-11) |
|
$ |
(4,912,855 |
) |
|
$ |
(14,681,311 |
) |
|
$ |
406,791 |
|
|
$ |
(16,883,015 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance
of warrants |
|
|
1,096,000 |
|
|
|
- |
|
|
|
- |
|
|
|
1,096,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change
in fair value of warrant liability |
|
|
- |
|
|
|
14,681,311 |
|
|
|
- |
|
|
|
14,681,311 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss
on debt restructuting |
|
|
- |
|
|
|
- |
|
|
|
(14,511,867 |
) |
|
|
(14,511,867 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
(3,816,855 |
) |
|
|
- |
|
|
$ |
(14,105,076 |
) |
|
$ |
(15,617,571 |
) |
|