In the Company issued

shares of common stock to

Visse

r in connection with the

Visse

r MTA (see note

 

Pursuant to the terms of the Company’s Senior Convertible Notes issued in the Private Placement, the Company opted to pay the monthly installment payments prior to the maturity date with shares of the Company’s common stock. Upon final settlement, the Company had issued shares of common stock at a weighted average conversion price of for the installment payments due under the notes, consisting of principal and of interest

(see note

 

During the year ended the holders of the Company’s Series A Preferred Stock converted all of the outstanding shares of preferred stock into shares of the Company’s common stock (see “Preferred stock” below). After giving effect to such conversion, the Company has shares of preferred stock outstanding.

 

On the Company’s shareholders approved an amendment to the Certificate of Incorporation of the Company increasing the number of authorized shares of common stock from million shares to million shares.

 

On the Company’s shareholders approved an amendment to the Company’s Certificate of Incorporation increasing the number of authorized shares of common stock from million shares to million shares

.

 

In connection with the execution of the Purchase Agreement, the Company issued to certain investors shares of the Company’s common stock. As of the Company had received an aggregate of under the Purchase Agreement through the issuance of shares of its common stock at a weighted average price of per share. On the Company voluntarily terminated the Purchase Agreement, effective (see Note

 

On an initial registration statement covering shares issued and issuable pursuant to the Purchase Agreement was declared effective by the SEC. As of the Company had received an aggregate of under the Purchase Agreement through the issuance of shares of its common stock at a weighted average price of per share. On the Company voluntarily terminated the Purchase Agreement, effective (see Note

 

In connection with the execution of the Purchase Agreement

, on the Company issued shares of the Company’s common stock, at a price of per share, for gross proceeds of

 

On the Company’s shareholders approved an amendment to the Company’s Certificate of Incorporation increasing the number of authorized shares of common stock from million shares to million shares.

 

On the Company issued and sold to the Investor of the Purchase Agreement an aggregate of shares of Company’s common stock for an aggregate purchase price of comprised of shares at a price of per share and shares at a price of per share.

 

In the Company entered into a non-exclusive engagement agreement with an investment banking firm. The services provided by the firm did not result in the identification of any practicable investment transactions and the agreement was considered effectively terminated by the Company in During the Company was notified by a representative of the firm stipulating that it did not consider the engagement agreement to be terminated and that previous financings and other funding transactions completed by the Company be subject to success fees. In the Company reached a settlement with respect to any and all amounts allegedly due under the engagement agreement in the amount of Such amounts have been reflected as a reduction of current year proceeds from stock issuances and a corresponding reduction to additional paid in capital.

 

 

In connection with the Series A Preferred Stock issuances in warrants to purchase shares of the Company’s common stock, valued at were outstanding through Due to extension of the expiration date of these warrants during they no longer contained anti-dilution provisions and were reflected as equity as they did not meet the criteria under FASB ASC for liability treatment. Such warrants had exercise prices ranging between and and expired on