Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.10.0.1
Related Party Transactions
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

Note 14—Related Party Transactions

 

Between September 2017 and June 2018, we sold and issued to 26 accredited investors 2017 Senior Notes, 2018 Senior Notes and June 2018 Senior Notes in an aggregate principal amount of approximately $2.8 million, five-year warrants to purchase an aggregate of 977,773 shares of our common stock at an exercise price of $1.50 per share and five-year warrants to purchase an aggregate of 878,889 shares of our common stock at an exercise price of $0.30 per share, with aggregate net proceeds to us of approximately $2.5 million of cash and conversion of $0.1 million of accrued liabilities. The following officers and directors participated in such transactions, in which they purchased the number of securities listed adjacent to their name.

 

Name   Position with Company  

Principal Amount of Notes

($)

   

Number of

Shares

Underlying Warrants

(#)

   

Aggregate

Purchase Price

($)

 
Domonic J. Carney   Chief Financial Officer     87,222 (1)     34,888       78,500  
Mark Owen   Vice President, Business Development     34,722       13,888       31,250  
Douglas Hamrin   Vice President, Engineering     25,278       10,111       22,750  
Michael Hammons   Director     33,334       57,778 (2)     30,000  

 

(1) Includes 2017 Senior Notes in the principal amounts of $27,778 and $8,333 purchased in the name of Charles Schwab & Co Inc. FBO Domonic Carney IRA in September and December 2017, respectively, over which Mr. Carney has investment control and which securities he may be deemed to beneficially owned.
   
(2) Includes warrants to purchase 2,222 shares of common stock at an exercise price of $1.50 issued in January 2018 and warrants to purchase 55,556 shares of common stock at an exercise price of $0.30 per share issued in June 2018.