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Warrants to Purchase Common Stock

3 Months Ended

Mar. 31, 2018

Note 8 – Warrants to Purchase Common Stock

As of March 31, 2018, the Company had outstanding, in connection with the issuance of debentures in the prior year, warrants to purchase 828,221 shares of the Company’s common stock at an exercise price of $1.51. All warrants outstanding as of March 31, 2018 are scheduled to expire between February 2, 2024 and October 31, 2024.

A summary of activity related to warrants for the three months ended March 31, 2018 follows:

	Shares		Weighted- Average Exercise Price ($)		Weighted-Average Remaining Contractual Term
Outstanding at December 31, 2017		828,221	$	1.51		—
Outstanding at March 31, 2018		828,221	$	1.51		6.10

Exercisable at March 31, 2018		828,221	$	1.51		6.10