Reconciliation of warrant liability, additional paid-in capital and accumulated deficit |
|
|
Consolidated Balance Sheet |
|
|
|
Warrant
Liability
|
|
|
Additional paid in capital |
|
|
Accumulated
deficit
|
|
Balance, June 30, 2017 (Prior to adoption of ASU 2017-11) |
|
$ |
219,000 |
|
|
$ |
51,909,207 |
|
|
$ |
(55,657,032 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reverse beginning balance as of January 1, 2017 |
|
|
(1,313,000 |
) |
|
|
(9,806,844 |
) |
|
|
11,119,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liability |
|
|
863,023 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued upon cashless warrant exercise |
|
|
230,977 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, June 30, 2017 (After adoption of ASU 2017-11) |
|
|
- |
|
|
$ |
42,102,363 |
|
|
$ |
(44,537,188 |
) |
|
Summary of the changes in fair value of the warrant liability |
|
|
Consolidated
Statement
Of
Operations
|
|
|
|
Change
in value of warrant liability |
|
|
Net
loss |
|
Balance,
June 30, 2017 (Prior to adoption of ASU 2017-11) |
|
$ |
863,023 |
|
|
$ |
(773,813 |
) |
|
|
|
|
|
|
|
|
|
Change
in fair value of warrant liability |
|
|
(863,023 |
) |
|
|
(863,023 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
$ |
(1,636,836 |
) |
|