Quarterly report pursuant to Section 13 or 15(d)

Accrued Issuable Equity

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Accrued Issuable Equity
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Accrued Issuable Equity

4. ACCRUED ISSUABLE EQUITY

 

Accrued issuable equity consists of the following:

 

                Pro Forma  
    March 31, 2018     December 31, 2017     March 31, 2018  
    (unaudited)           (unaudited)  
Warrants   $ 2,138,039     $ 1,154,120     $ 2,609  
Common Stock     1,065,998       1,735,047       995,998  
Options     85,297       50,739       85,297  
Total accrued issuable equity   $ 3,289,334     $ 2,939,906     $ 1,083,904  

 

As of March 31, 2018, 25,669 shares of common stock and warrants to purchase an aggregate of 1,703,429 shares of common stock with an aggregate fair value of $2,205,430 were included within accrued issuable equity. The unaudited pro forma information gives effect to the April 2018 issuance of these securities, such that the $2,205,430 fair value was reclassified from liabilities to equity.