Annual report pursuant to Section 13 and 15(d)

Capital Stock (Tables)

v3.20.2
Capital Stock (Tables)
12 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Carrying value of the debt instruments

Assumption:

  New Warrants  
Market price per share   $ 1.80  
Exercise price per share   $ 1.75  
Risk-free interest rate     2.83 %
Remaining contractual term in years     3.25  
Volatility     88.80 %
Dividend rate     0.0 %
         
Number of warrant shares     23,800  
Weighted average fair value per share   $ 1.08  

 

Assumption:

  Additional Warrants  
Market price per share   $ 0.44  
Exercise price per share   $ 0.50  
Risk-free interest rate     1.59 %
Contractual term in years     4.32  
Volatility     86.64 %
Dividend rate     0.0 %
         
Number of warrant shares     325,000  
Weighted average fair value per share   $ 0.27  

 

Assumption:

  Pre-modification     Post-modification  
Market price per share   $ 0.44     $ 0.44  
Exercise price per share   $ 1.85     $ 0.50  
Risk-free interest rate     1.58 %     1.58 %
Remaining contractual term in years     2.25       1.91  
Volatility     87.5 %     88.1 %
Dividend rate     0.0 %     0.0 %
                 
Number of warrant shares     6,611,759       6,611,759  
Weighted average fair value per share   $ 0.08     $ 0.19  

 

Assumption:

  Pre-modification     Post-modification  
Market price per share   $ 0.805     $ 0.805  
Exercise price per share   $ 7.00     $ 0.805  
Risk-free interest rate     1.57 %     1.65 %
Remaining contractual term in years     0.58       3.034  
Volatility     98.7 %     84.9 %
Dividend rate     0.0 %     0.0 %
                 
Number of warrant shares     80,431       80.431  
Weighted average fair value per share   $ 0.00     $ .044  

Schedule of outstanding warrants to purchase shares
        Warrants   Warrants
Exercise       Outstanding at   Exercisable at
Price   Expiration   March 31,   March 31,
per Share    Date    2020   2019
             
$ 0.50       5/20/2020 to 3/31/2024       8,116,759       7,791,759  
$ 0.73       7/25/2025       3,870,077       —    
$ 0.805       12/31/2022       80,431       80,431  
$ 1.50       12/13/2022       9,596,200       9,596,200  
$ 1.82       3/7/2023       1,388,931       1,388,931  
$ 3.51       12/31/2021       50,000       50,000  
$ 5.30       5/16/2021       2,705,883       2,705,883  
$ 7.00       9/2/2020 to 3/3/2023       747,000       747,000  
                             
                 26,555,281       22,360,204  
Schedule of reserved shares of common stock for future issuance
Upon exchange of all shares of Series A Preferred currently issued and outstanding (1)     750,000  
         
Upon exchange of all shares of Series B Preferred currently issued and outstanding (2)     5,096,738  
         
Upon exchange of all shares of Series C Preferred currently issued and outstanding (3)     2,318,012  
         
Pursuant to warrants to purchase common stock:        
    Subject to outstanding warrants     26,555,281  
         
Pursuant to stock incentive plans:        
    Subject to outstanding options under the Amended and Restated 2016 Stock Incentive        
      Plan and the 2019 Omnibus Equity Incentive Plan     10,003,088  
    Available for future grants under the 2019 Omnibus Equity Incentive Plan     6,730,162  
    Available for future issuance under the 2019 Employee Stock Purchase Plan     1,000,000  
      17,733,250  
         
Reserved for issuance under Lincoln Park Purchase Agreement     8,750,000  
         
Total     61,203,281