Quarterly report pursuant to Section 13 or 15(d)

Capital Stock (Tables)

v2.4.0.6
Capital Stock (Tables)
9 Months Ended
Dec. 31, 2012
Capital Stock Tables  
Black-Scholes Option Pricing Model

The warrants subject to the exercise price modifications were valued using the Black-Scholes Option Pricing Model and the following assumptions:

 

Assumption:   Pre-modification     Post-modification  
Market price per share (weighted average)   $ 1.95     $ 1.95  
Exercise price per share (weighted average)   $ 2.75     $ 0.50  
Risk-free interest rate (weighted average)     0.29%       0.06%  
Expected term in years (weighted average)     1.93       0.12  
Volatility (weighted average)     78.0%       85.7%  
Dividend rate     0.0%       0.0%  
                 
Weighted Average Fair Value per share   $ 0.64     $ 1.45  

 

Warrant exercises and grants

Following the warrant exercises and grants described above, at December 31, 2012, the Company had outstanding warrants to purchase shares of its common stock at a weighted average exercise price of $1.58 per share as follows:

 

Exercise   Expiration   December 31,  
Price   Date   2012  
           
$ 0.88   5/11/2014     15,428  
$ 1.00   9/15/2017 to 9/30/2017     2,998,809  
$ 1.25   5/11/2014 to 12/31/2014     120,280  
$ 1.50   2/28/2017 to 12/13/2017     4,021,570  
$ 1.75   12/31/2013     577,784  
$ 2.00   8/3/2013 to 9/15/2017     604,000  
$ 2.50   5/11/2014     492,004  
$ 2.625   12/31/2013     480,134  
$ 3.00   5/11/2015 to 2/13/2016     563,025  
               
            9,873,034