Rendering
Component: (Network and Table) |
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Network | 2328301 - Disclosure - Stock Warrants (Tables) (http://miramarlabs.com/role/StockWarrantsTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001586727 (http://www.sec.gov/CIK) |
Warrants and Rights Note Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Warrants and Rights Note Disclosure [Abstract] | |
Schedule of Options Outstanding | Total outstanding warrants as of December 31, 2016 are as follows: | | | | | | | | | | | | | Number of Warrants | | Exercise Price | | Fair Value at date of issuance | Equity classified | | | | | | November 2010 warrants issued with Series C convertible preferred stock | 12,117 |
| | $ | 21.64 |
| | $ | 212,409 |
| January 2011 warrants issued with Series C convertible preferred stock | 19,042 |
| | 21.64 |
| | 259,355 |
| June 2013 warrants issued in conjunction with note purchase agreement | 9,241 |
| | 21.64 |
| | 152,750 |
| April 2014 warrants issued in conjunction with drawdown on note purchase agreement | 9,242 |
| | 21.64 |
| | 149,250 |
| August 2015 warrants issued with refinance of note purchase agreement | 16,173 |
| | 21.64 |
| | 234,719 |
| June 2016 warrants issued in conjunction with merger | 13,016 |
| | 5.00 |
| | 31,680 |
| Liability classified | | | | | | July to August 2016 warrants issued in conjunction with merger | 4,488 |
| | 5.00 |
| | 12,983 |
| Total outstanding warrants | 83,319 |
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Schedule of Stock Option Plan Fair Value Valuation Assumptions | The following assumptions were used in the Black-Scholes model to value the outstanding warrants: | | | | | | Year ended December 31, | | 2016 | | 2015 | Expected term (years) | 4.56 - 4.60 | | .94 - 9.60 | Expected volatility | 55% | | 57% | Risk-free interest rate | 1.96% | | .65% - 2.27% | Annual dividend rate | —% | | —% | Stock Price | $4.00 | | $11.50- $22.05 |
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