Quarterly report pursuant to Section 13 or 15(d)

Capital Stock (Tables)

v3.19.3.a.u2
Capital Stock (Tables)
9 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Warrants assumptions

Fall 2019 Private Placement

 

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  

 

Winter 2019 Warrant Modification

 

Assumption:  

 

Pre-modification

 

 

 

Post-modification

 

Market price per share   $ 0.44     $ 0.44  
Exercise price per share   $ 1.98     $ 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  

 

December 19, 2019 Warrant Modification

 

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  

 

 

Warrants outstanding

        Warrants   Warrants
Exercise       Outstanding at   Exercisable at
Price   Expiration   December 31,   December 31,
per Share    Date   2019  

2019 

             
$ 0.50       5/20/2020 to 3/31/2024       8,116,759       7,791,759  
$ 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       1/11/2020 to 3/3/2023       1,092,000       1,092,000  
$ 10.00       1/11/2020       20,000       20,000  
                             
                  23,050,204       22,725,204