Quarterly report pursuant to Section 13 or 15(d)

Common Stock Warrants

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Common Stock Warrants
6 Months Ended
Jun. 30, 2016
Text Block [Abstract]  
Common Stock Warrants

4. Common Stock Warrants

During the three and six months ended June 30, 2015, the Company issued an aggregate of 9,703 and 132,295 shares of common stock, respectively, to stockholders upon the exercise of warrants exercisable for shares of the Company’s common stock. The 132,295 shares of common stock were issued pursuant to both cash and net exercise provisions as provided in the warrants. Specifically, 74,136 shares of the Company’s common stock were issued in exchange for $0.4 million in cash and 58,159 shares of the Company’s common stock were issued in exchange for shares of its common stock in accordance with net exercise provisions. For each warrant exercised, the Company determined the warrant’s exercise date fair value and reclassified the fair value of such settled warrants from the warrant liability to additional paid-in capital, a component of stockholder’s equity. The aggregate amount of these fair value reclassifications totaled $0.2 million and $1.5 million during the three and six months ended June 30, 2015, respectively. No warrants were issued or exercised for the three and six months ended June 30, 2016.