Annual report pursuant to Section 13 and 15(d)

Preferred Redeemable Convertible Stock (Tables)

v3.6.0.2
Preferred Redeemable Convertible Stock (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Preferred Redeemable Convertible Stock

The following table provides a rollforward of the preferred redeemable convertible stock during the years ended December 31, 2016 and 2015:

 

 

 

Preferred

 

 

 

redeemable convertible stock

 

 

 

Shares

 

 

Amount

 

Balance at December 31, 2014

 

 

23,055,356

 

 

$

40,724,356

 

Exercise of warrants

 

 

216,346

 

 

 

225,000

 

Effect of accretion to redemption value

 

 

 

 

 

2,157,550

 

Balance at December 31, 2015

 

 

23,271,702

 

 

 

43,106,906

 

Effect of accretion to redemption value

 

 

 

 

 

1,356,707

 

Conversion of preferred redeemable convertible

   stock into common stock

 

 

(23,271,702

)

 

 

(44,463,613

)

Balance at December 31, 2016

 

 

 

 

$