v3.22.4
Stockholders' Deficit and Warrants (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Summary of Activity for Warrants Outstanding The following table summarizes such warrants outstanding and exercisable as of March 31, 2022 and December 31, 2021 that are liability-classified.

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual Term

 

March 31, 2022

 

 

 

 

 

 

 

 

 

Outstanding

 

 

29,088,886

 

 

$

0.29

 

 

 

4.7

 

Exercisable

 

 

29,088,886

 

 

$

0.29

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

Outstanding

 

 

16,022,000

 

 

$

0.52

 

 

 

4.8

 

Exercisable

 

 

16,022,000

 

 

$

0.52

 

 

 

 

 

In addition to the issuance of the aforementioned liability-classified warrants, the Company has issued warrants with different terms that are considered indexed to the Company's common stock and, therefore, are classified in additional paid-in capital and are not required to be measured at fair value at each reporting date. Such warrants include the Convertible Note Warrants issued on March 11, 2022, in connection with the Convertible Note Amendments, to purchase an aggregate of up to 7,533,750 shares of the Company's common stock at an exercise price of $0.01 per share. Refer to Note 5, Debt, for further discussion regarding the Convertible Note Warrants. The following table summarizes such equity-classified warrants outstanding and exercisable as of March 31, 2022 and December 31, 2021.

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual Term

 

March 31, 2022

 

 

 

 

 

 

 

 

 

Outstanding

 

 

18,621,458

 

 

$

1.42

 

 

 

6.0

 

Exercisable

 

 

18,621,458

 

 

$

1.42

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

Outstanding

 

 

11,087,708

 

 

$

2.37

 

 

 

6.9

 

Exercisable

 

 

11,087,708

 

 

$

2.37