Summary of Preferred Stock Activity |
The following table summarizes the activity in the
Company’s various classes of Preferred Stock included in Stockholders’ Deficit for the years ended December 31, 2020 and 2019:
|
|
Series H |
|
|
Series F |
|
|
Series K |
|
|
Series L |
|
|
Series M |
|
|
Series N |
|
|
Total |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2019 |
|
|
10 |
|
|
$ |
- |
|
|
|
1,750,000 |
|
|
$ |
17,500 |
|
|
|
250,000 |
|
|
$ |
2,500 |
|
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
|
- |
|
|
$ |
- |
|
|
|
2,000,010 |
|
|
$ |
20,000 |
|
Exchange of Series K Preferred Stock for Series L Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(250,000 |
) |
|
|
(2,500 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(250,000 |
) |
|
|
(2,500 |
) |
Issuance of Series L Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
250,000 |
|
|
|
2,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
250,000 |
|
|
|
2,500 |
|
Issuance of Series M Preferred Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,000 |
|
|
|
220 |
|
|
|
|
|
|
|
|
|
|
|
22,000 |
|
|
|
220 |
|
Issuance of Series N Preferred stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,435 |
|
|
|
304 |
|
|
|
30,435 |
|
|
|
304 |
|
Conversion of Series N Preferred Stock into common stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
(1,001 |
) |
|
|
(10 |
) |
|
|
(1,001 |
) |
|
|
(10 |
) |
Balance at December 31, 2020 |
|
|
10 |
|
|
$ |
- |
|
|
|
1,750,000 |
|
|
|
17,500 |
|
|
|
- |
|
|
$ |
- |
|
|
|
250,000 |
|
|
$ |
2,500 |
|
|
|
22,000 |
|
|
$ |
220 |
|
|
|
29,434 |
|
|
$ |
294 |
|
|
|
2,051,444 |
|
|
$ |
20,514 |
|
|
|
Series G |
|
|
Series H |
|
|
Series F |
|
|
Series J |
|
Series K |
|
Total |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
Shares |
|
|
Amount |
|
Shares |
|
|
Amount |
|
Balance December 31, 2018 |
|
|
215 |
|
|
$ |
2 |
|
|
|
10 |
|
|
$ |
- |
|
|
|
1,750,000 |
|
|
$ |
17,500 |
|
|
|
250,000 |
|
|
$ |
2,500 |
|
|
- |
|
|
$ |
- |
|
|
2,000,225 |
|
|
$ |
20,002 |
|
Redemption of Series G Preferred Stock |
|
|
(215 |
) |
|
|
(2 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
- |
|
|
(215 |
) |
|
|
(2 |
) |
Exchange of Series J Preferred Stock for Series K Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(250,000 |
) |
|
|
(2,500 |
) |
|
- |
|
|
|
- |
|
|
(250,000 |
) |
|
|
(2,500 |
) |
Issuance of Series K Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
250,000 |
|
|
|
2,500 |
|
|
250,000 |
|
|
|
2,500 |
|
Balance December 31, 2019 |
|
|
0 |
|
|
$ |
0 |
|
|
|
10 |
|
|
$ |
- |
|
|
|
1,750,000 |
|
|
$ |
17,500 |
|
|
|
0 |
|
|
$ |
0 |
|
|
250,000 |
|
|
$ |
2,500 |
|
|
2,000,010 |
|
|
$ |
20,000 |
|
|
Schedule of Stock Option Activity |
The following table summarizes
the stock option activity for the years ended December 31, 2020 and 2019:
|
|
Number of
options
|
|
|
Weighted-
average
exercise price
|
|
|
Weighted-
average
contractual term
|
|
Outstanding at December 31, 2018 |
|
|
34 |
|
|
$ |
2,292,509 |
|
|
|
7.33 |
|
Granted |
|
|
- |
|
|
|
|
|
|
|
|
|
Expired |
|
|
- |
|
|
|
|
|
|
|
|
|
Forfeit |
|
|
(4 |
) |
|
|
|
|
|
|
|
|
Outstanding at December 31, 2019 |
|
|
30 |
|
|
$ |
2,595,929 |
|
|
|
6.33 |
|
Granted |
|
|
- |
|
|
|
|
|
|
|
|
|
Expired |
|
|
- |
|
|
|
|
|
|
|
|
|
Adjustment for no fractional options in reverse stock split |
|
|
(4 |
) |
|
|
N/M |
|
|
|
|
|
Outstanding at December 31, 2020 |
|
|
26 |
|
|
$ |
2,992,125 |
|
|
|
5.37 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2020 |
|
|
26 |
|
|
$ |
2,992,125 |
|
|
|
|
|
|
Schedule of Stock Option Outstanding and Exercisable |
The following table summarizes information with respect
to stock options outstanding and exercisable by employees and directors at December 31, 2020:
Options outstanding |
|
|
Options vested and exercisable |
|
Exercise price |
|
|
Number outstanding |
|
|
Weighted average remaining contractual life (years) |
|
|
Weighted average exercise price |
|
|
Aggregate intrinsic value |
|
|
Number vested |
|
|
Weighted average exercise price |
|
|
Aggregate intrinsic value |
|
$ |
10,000,000 |
|
|
|
5 |
|
|
|
5.25 |
|
|
$ |
10,000,000 |
|
|
$ |
- |
|
|
|
5 |
|
|
$ |
10,000,000 |
|
|
$ |
- |
|
$ |
5,000,000 |
|
|
|
5 |
|
|
|
5.25 |
|
|
$ |
5,000,000 |
|
|
|
- |
|
|
|
5 |
|
|
$ |
5,000,000 |
|
|
|
- |
|
$ |
269,580 |
|
|
|
8 |
|
|
|
5.33 |
|
|
$ |
269,580 |
|
|
|
- |
|
|
|
8 |
|
|
$ |
269,580 |
|
|
|
- |
|
$ |
80,906 |
|
|
|
8 |
|
|
|
5.54 |
|
|
$ |
80,906 |
|
|
|
- |
|
|
|
8 |
|
|
$ |
80,906 |
|
|
|
- |
|
|
|
|
|
|
26 |
|
|
|
5.37 |
|
|
$ |
2,992,125 |
|
|
$ |
– |
|
|
|
26 |
|
|
$ |
2,992,125 |
|
|
$ |
- |
|
|
Schedule of Warrants Activity |
The following summarizes the information related to
warrant activity during the years ended December 31, 2019 and 2020:
|
|
Number of
warrants
|
|
|
Weighted
average
exercise price
|
|
Balance at December 31, 2018 |
|
|
5,307,051 |
|
|
$ |
17.26 |
|
Increase in warrants during the period as a result of down round
Provisions |
|
|
58,220,985 |
|
|
|
|
|
March Warrants exercised during the period |
|
|
(75,500 |
) |
|
$ |
(3.36 |
) |
Balance at December 31, 2019 |
|
|
63,452,536 |
|
|
$ |
1.44 |
|
Increase in warrants during the period as a result of down round
provisions |
|
|
4,507,712,672 |
|
|
|
|
|
Warrant exercised during the period |
|
|
(1 |
) |
|
$ |
(3,150 |
) |
Balance at December 31, 2020 |
|
|
4,571,165,207 |
|
|
$ |
0.02 |
|
|