Stockholders' Equity Note Disclosure [Text Block] | 11. Stockholders’ Equity (Deficit) Common Stock Issuances First Quarter of 2017 Public Offering On March 17, 2017, the Company entered into agreements with institutional investors for a registered direct offering with gross proceeds of $ 7.5 18.8 0.26 5 21.6 0.26 21.6 1.00 10.0 0.26 0.25 0.01 6.2 Warrants Exercised for Cash During the quarter ended March 31, 2017, the Company issued an aggregate of 3.1 million shares of common stock from the exercise of warrants that were issued in March 2017 for total proceeds of $31,000. All of these 3.1 million shares of common stock were related to extinguishment of warrant liabilities. The fair value of the warrant liabilities was $713,000 on the date of exercise, which were recorded as a component of additional paid-in-capital. Stock Compensation - 2014 Senior Convertible Notes On March 10, 2017, the Company issued approximately 4 million shares of common stock to the holders of the Company’s $11 million senior convertible notes as additional consideration to enter into a payment plan and extend the debt payment. The fair value of the common stock on the grant date was approximately $1.5 million. The Company recorded such cost as a debt extinguishment loss. Share-settled Debt On March 30, 2017, the Company issued 2.5 million shares of common stock to the holder of the Company’s share-settled debt (the “Holder”) as advance payment for future debt conversion. The fair value of the remaining share-settled debt will be reduced when the Company is notified by the Holder of the value at which the shares have been sold. Second Quarter of 2017 Public and Private Offering On April 14, 2017, the Company entered into Stock Purchase Agreement with multiple investors. The Company issued approximately 1.4 million shares of common stock at a price of $0.26 per share. The investors received Class A Common Stock Purchase Warrants to purchase up to approximately 1 million shares of Common Stock at an exercise price of $0.26 per share (the “Class A Warrants”) and Class B Common Stock Purchase Warrants to purchase up to approximately 1 million shares of Common Stock at an exercise price of $1.00 per share (the “Class B Warrants”). Both the Class A Warrants and the Class B Warrants are exercisable immediately. The Class A Warrants are exercisable for five years and the Class B Warrants are exercisable for three months. The Company received gross proceeds of $360,000 from this offering. During the three months ended June 30, 2017, the Company entered into Subscription Agreements with multiple investors. The Company issued approximately 3.6 million shares of common stock at a weighted average price of $0.15 per share. The investors also received approximately an aggregate 3.3 million warrants at a weighted average exercise price of $0.33 per share. The Company received gross proceeds of $552,000 from this offering. Debt Conversion On May 22, 2017, the holders of certain existing notes converted approximately $2.0 million principal amount and accrued interest for approximately 11 million shares of its common stock at a price of $0.18 per share and issued to such investors approximately 8 million Class A warrants with exercise price of $0.26 per share for a period of 5 years and approximately 8 million Class B warrants with exercise price of $1.00 per share for a period of 90 days. The fair value of common stock and warrant liability as of the conversion date was approximately $1.8 million and $0.9 million, respectively. The difference of $0.7 million was recorded as a debt extinguishment loss. On May 31, 2017, the Company and certain unaffiliated institutional investors (the “Investor”) entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which the Investor agreed to exchange $3.0 million of the Company’s 2014 Senior Convertible Notes for 20,628,571 shares of common stock, warrants to acquire up to approximately 16 million shares of common stock at an exercise price of $0.175 per share and exercisable for 2 years from the date of issuance of such warrants, and 800,000 shares of Common Stock. The fair value of common stock and warrant liability as of the conversion date was approximately $3.9 million and $1.6 million, respectively. On June 5, 2017, the Company exchanged approximately $0.5 million principal amount and accrued interest of certain notes held by an unaffiliated investor for approximately 3.3 million shares of its common stock at a price of $0.14 per share and issued to such investors approximately 2.5 million Class D warrants with exercise price of $0.175 per share for a period of 2 years. The fair value of common stock and warrant liability as of the conversion date was approximately $0.6 million and $0.3 million, respectively. The difference of $0.4 million was recorded as a debt extinguishment loss. Warrants Exercised for Cash During the three months ended June 30, 2017, the Company issued approximately 6.9 million shares of common stock from the exercise of pre-paid warrants that were issued in March 2017 with an exercise price of $0.26, of which $0.25 was paid in March and $0.01 was paid at the time of exercise, for proceeds of $69,000 at the time of exercise during the three months ended June 30, 2017. All of these 6.9 million shares of common stock were related to extinguishment of warrant liabilities. The fair value of the warrant liabilities was approximately $1.1 million on the date of exercise, which were recorded as a component of additional paid-in-capital. Stock Compensation - 2014 Senior Convertible Notes During the three months ended June 30, 2017, the Company issued approximately 3 million shares of common stock to the holders of the Company’s $11 million senior convertible note as additional consideration to extend the debt payment and to enter into a forbearance agreement. The fair value of the common stock on the grant date was approximately $0.5 million. The Company recorded such cost as a debt extinguishment loss. Share-settled Debt On June 14, 2017, the Company issued 1 million shares of common stock to the holder of the Company’s share-settled debt (the “Holder”) as advance payment for future debt conversion. The fair value of the remaining share-settled debt will be reduced when the Company is notified by the Holder of the value at which the shares have been sold. Third Quarter of 2017 Public and Private Offering On September 22, 2017, the Company entered into a Stock Purchase Agreement with multiple investors. The Company issued approximately 8.7 million shares of common stock at a price of $0.20 per share. The investors received Class A Common Stock Purchase Warrants to purchase up to approximately 4.4 million shares of Common Stock at an exercise price of $0.22 per share (the “Class A Warrants”). The Class A Warrants are exercisable immediately and are exercisable for five years. The Company received gross proceeds of $1.8 million (net proceeds of $1.6 million) from this offering. During the three months ended September 30, 2017, the Company entered into Subscription Agreements with multiple investors. The Company issued 5.4 million shares of common stock at a weighted average price of $0.20 per share. The investors also received an aggregate of 5.3 million warrants at a weighted average exercise price of $0.26 per share. The Company received gross proceeds of $1.1 million from this offering. During the three months ended September 30, 2017, the Company received an aggregate of $2.6 million from multiple investors as an advance of certain Subscription Agreements that were entered in November 2017. The Company recorded a $2.6 million shares payable as of September 30, 2017. Warrants Exercised for Cash and Warrants Modification On August 7, 2017, the Company entered into a $2.7 million financing with an institutional health care investor holding Class B Warrants exercisable for approximately 13.5 million shares of Common Stock of the Company, in which the investor exercised its Class B Warrants in full in return for amendment of the investor’s Class B Warrants to reduce the exercise from $1.00 to $0.20 per share, as set forth in a Warrant Repricing Letter Agreement. The Class B Warrants were originally issued on March 17, 2017 with an exercise period of 90 days, and the exercise period was previously extended to August 24, 2017. The fair value of the amended Class B Warrants on the amendment date was approximately $0.3 million using a Black-Scholes model. There was no residual value for the original Class B warrants as of the amendment date, so the Company recorded $0.3 million as inducement loss. As consideration for the investor’s exercise in full of the Class B Warrants, the Company agreed to issue to the investor new Series A Warrants exercisable for the purchase of 13.5 million shares of the Company’s Common Stock at an exercise price of $0.27 per share, with an exercise period of 5 years. The Company also issued an aggregate amount of 0.9 million Class A warrants at an exercise price of $0.27 per share, with an exercise period of 5 years to certain placement agent. The fair value of these 14.5 million warrants were approximately $2.0 million using a Black-Scholes model, and the Company recorded such cost as inducement loss. Cashless Warrants Exercise On July 17, 2017, holders of approximately 16 million Class A warrants of the Company exercised such warrants on a cashless basis in exchange for the delivery of approximately 6.9 million shares of the Company’s common stock. The fair value of these Class A warrants was approximately $3.1 million as of July 17, 2017. Debt Conversions During the quarter ended September 30, 2017, the Company induced certain debt holders to convert approximately $5.5 million of principal and interest into approximately 32.9 million shares of common stock at a fair value of approximately $7.8 million. In addition, the Company issued approximately 40.4 million warrants with a weighted average exercise price of $0.48 and a fair value of $4.7 million. Share-settled Debt During the quarter ended September 30, 2017, the Company issued 3.5 million shares of common stock to the holder of the Company’s share-settled debt as advance payment for future debt conversion. The fair value of the remaining share-settled debt will be reduced when the Company is notified by the Holder of the value at which the shares have been sold. Shares for Services On July 6, 2017, as compensation for services as a Director, the Company issued 1.3 million shares of its common stock at fair value of $0.18 to a designee of Robert Farmer. Fourth Quarter of 2017 Public and Private Offering On October 20, 2017, the Company sold 2.9 million shares of common stock at a price of $0.17 per share and issued approximately 1.5 million Class D Warrants exercisable at $0.22 per share for a period of 2 years for an aggregate of $0.5 million. Warrants Exercised for Cash During the quarter ended December31, 2017, the Company issued an aggregate of 231,000 shares of common stock from the exercise of warrants that were issued in March 2017 for total proceeds of $60,000. All of these 231,000 shares of common stock were related to extinguishment of warrant liabilities. The fair value of the warrant liabilities was approximately $45,000 on the date of exercise, which were recorded as a component of additional paid-in-capital. Debt Conversions During the quarter ended December 31, 2017, the Company induced certain debt holders to convert approximately $1.0 million of principal and interest into approximately 7.3 million shares of common stock at a fair value of approximately $1.6 million. The Company recorded approximately $0.6 million debt extinguishment loss. Share-settled Debt During the quarter ended December 31, 2017, the Company issued 4.5 million shares of common stock to the holder of the Company’s share-settled debt as advance payment for future debt conversion. The fair value of the remaining share-settled debt will be reduced when the Company is notified by the Holder of the value at which the shares have been sold. As of December 31, 2017, the outstanding share-settled debt was approximately $3.3 million. Shares for Services On November 13, 2017, the Company issued a total of 225,000 shares of Common stock at $0.165 per share to several scientific board members as share-based compensation. The Company recorded the $37,000 expense in research and development. First Quarter of 2016 On February 29, 2016, the Company entered into a Securities Purchase Agreement (the “Agreement”) with certain institutional investors (the “Purchasers”), for a registered direct offering (the “Offering”) of 5,882,353 shares (the “Shares”) of the Company’s Common Stock at the purchase price of $1.70 per share, and Series A Warrants (the “Series A Warrants”) to purchase an additional 2,941,177 shares of Common Stock at an exercise price of $2.25 per share. The Series A Warrants will become exercisable on the six-month anniversary of issuance and expire five years thereafter. In addition, the Company granted the Purchasers a sixty (60) day overallotment option in the form of Series B Warrants to purchase an additional 5,882,353 shares of Common Stock at an exercise price of $3.00 per share (the “Series B Warrants”). The Series B Warrants were exercisable immediately and were to expire within sixty (60) days. However, on May 2, 2016, the Company and the investors agreed to extend this warrant exercise period by twenty-one (21) days, from May 2 to May 23, 2016. The Company and the Purchasers consummated the purchase and sale of the Securities on March 3, 2016 (the “Closing”) and the Company raised gross proceeds of $10 million and net proceeds of approximately $9.2 million, after deducting placement agent fees, attorneys’ fees and other expenses. Subsequent to the reporting period, the Series B Warrants were extended an additional twenty-one (21) days to May 23, 2016. Each Purchaser also received Series C Warrants (the “Series C Warrants”) to purchase up to 2,941,177 shares of Common Stock. The Series C Warrants vest and become exercisable only if, and to the extent that, the Series B Warrants held by such Purchaser are exercised. The Series C warrants will be issuable and exercisable for one-half share of Common Stock per each Series B Warrant exercised. The Series C Warrants have an exercise price of $4.00 per share, shall be exercisable on the six-month anniversary of issuance and will expire five years thereafter. In connection with the Offering and the concurrent private placement, the Company agreed to pay the Placement Agent a cash placement fee equal to 7% of the aggregate purchase price for the common stock sold in the registered offering. The Placement Agent also received Common Stock purchase warrants (the “Compensation Warrants”) to purchase up to 294,118 shares of Common Stock, or 5% of the aggregate number of shares of common Stock sold in the registered offering, at an exercise price of $2.125, or 125% of the public offering price per share in the registered offering, which are exercisable six months following issuance and terminate on February 29, 2021. Second Quarter of 2016 On May 15, 2016, the Company entered into an agreement with a holder (the “Holder”) of the Company’s existing Series A, B and C Warrants, pursuant to which the Holder agreed to exercise all of the Holder’s Series B Warrants to purchase 4,411,764 shares of Common Stock. In consideration, the Company agreed to reduce the exercise price of the Series B Warrants to $0.96 per share, the Company’s closing price on the prior trading day, for gross proceeds of approximately $4,235,000, and agreed to issue new Series D Common Stock Purchase Warrants (the “Series D Warrants”) to purchase up to 2,205,882 shares of Common Stock at an exercise price of $1.00 per share (subject to customary adjustments such as for stock splits and dividends), with an exercise period of five years, commencing six months after issuance. The Holder’s exercise of the Series B Warrants to purchase 4,411,764 shares of Common Stock triggered the existing outstanding Series C Warrants to become vested and exercisable for up to 2,205,882 shares of Common Stock. The Company agreed to reset the exercise price of the Series A and Series C Warrants to $1.00 per share. In connection with the offering and the concurrent private placement, the Company agreed to pay the Placement Agent a cash placement fee equal to 7% of the aggregate purchase price for the common stock sold. The Placement Agent also received Common Stock purchase warrants (the "Compensation Warrants") to purchase up to 220,588 shares of Common Stock, or 5% of the aggregate number of shares of common Stock sold, at an exercise price of $1.20, or 125% of the public offering price per share, which are exercisable six months following issuance and terminate on May 15, 2021. The modification of the warrant exercise price increased the value of the warrants by approximately $2.6 million. This cost was recorded as a deemed dividend in additional paid-in capital due to the absence of retained earnings. This cost is included in modification of warrants and increased the net loss available to common shareholders on the consolidated statements of operations. Third Quarter of 2016 During the quarter ended September 30, 2016, the Company issued 7,400,000 shares of common stock at $0.50 per share, and warrants to purchase an additional 3,700,000 shares of Common Stock at an exercise price of $0.60 per share with five years term through a registered direct offering. The Company received net proceeds of approximately $3.4 million, after deducting aggregate placement agent fees and attorneys’ fees of approximately $321,000. During the quarter ended September 30, 2016, the Company entered into multiple agreements with certain holders (the “Holders”) of the Company’s existing warrants, pursuant to which the Holders agreed to exercise all of the Holders’ warrants to purchase 10,945,694 shares of common stock. In consideration, the Company agreed to reduce the exercise price of the warrants to $0.35 per share, for net proceeds of approximately $3.4 million, after deducting aggregate placement agent fees, attorneys’ fees and bank clearing fees of approximately $454,000, and agreed to issue new common stock purchase warrants to purchase up to 10,945,694 shares of common stock at a weighted average exercise price of $0.44 per share, with an exercise period of 5 years, commencing 6 months after issuance. In connection with the registered direct offering, the Company granted 263,122 warrants at an exercise price of $0.44 to the placement agents. The placement agent warrants are exercisable 6 months following issuance and terminate on February 22, 2022. The modification of the warrant exercise price increased the value of the warrants by approximately $3.0 million. This cost was recorded as a deemed dividend in additional paid-in capital due to the absence of retained earnings. This cost is included in modification of warrants and increased the net loss available to common shareholders on the consolidated statements of operations During the quarter ended September 30, 2016, the Company issued a total of 2,572,216 shares of Common stock at $0.36 per share to several angel investors for aggregate proceeds of $0.9 million. The Company also issued 1,286,111 warrants at an exercise price of $0.42 per share, with an exercise period of 5 years. On September 16, 2016, the Company converted a note in dispute and relevant accrued interest of $1.0 million into 2,222,222 shares of common stock. The fair value of the common shares on the issuance date was approximately $1.0 million. In addition, the Company issued 1,111,111 warrants at an exercise price of $0.45 with an exercise period of 5 years, commencing 6 months after issuance. The fair value of the warrants was approximately $0.4 million using a Black-Scholes model at the date of issuance related to the conversion of note and accrued interest. The total loss on extinguishment of debt recorded on the statement of operations was approximately $0.4 million related to this conversion. Fourth Quarter of 2016 During the quarter ended December 31, 2016, the Company issued 28,575,000 shares of common stock at $0.35 per share, and warrants to purchase an additional 14,287,500 shares of Common Stock at an exercise price of $0.35 per share with five years term through a registered direct offering. The Company received net proceeds of approximately $9.2 million, after deducting aggregate placement agent fees and attorneys’ fees of approximately $0.8 million. In October 2016 and November 2016, the Company issued a total of 2,518,687 shares of Common stock at a weighted average price of $0.53 per share to several angel investors for aggregate proceeds of $1.3 million. The Company also issued 1,259,345 warrants at a weighted average exercise price of $0.51 per share, with an exercise period of 5 years. On December 22, 2016, the Company issued 1,285,714 shares of common stock at $0.35 and warrants to purchase an additional 642,857 shares of Common Stock at an exercise price of $0.35 per share with a five-year term to Jerry Jasinowski, who was appointed to the Board of Directors in April 2012. The Company received proceeds of $450,000. Total warrants issued from direct offerings and private placement have value of approximately $4.2 million, see FN 4 for more details regarding valuation. During the quarter ended December 31, 2016, the Company issued a total of 60,000 shares of Common stock at $0.49 per share to several scientific board members as share-based compensation. The Company recorded the $29,400 expense in research and development for the year ended December 31, 2016. During the quarter ended December 31, 2016, the Company converted accrued interest associated with a note in dispute that was originally issued in 2011. The accrued interest balance as of December 13, 2016 was $1.5 million. In order to extinguish this accrued interest liability, the Company issued 2,812,174 shares of common stock and 1,406,086 warrants at a weighted average exercise price of $0.50 with an exercise period of 5 years, commencing 6 months after issuance. The fair value of the common shares on the issuance date was approximately $1.5 million. The fair value of the warrants on the issuance date was approximately $0.6 million using a Black-Scholes model, see FN 4 for more details regarding valuation. The total loss on the extinguishment of accrued interest was approximately $0.7 million during the three months ended December 31, 2016. This amount was recorded as a component of loss from extinguishment of debt on the consolidated statements of operations. During the quarter ended December 31, 2016, the Company issued 1,000,000 shares of common stock to convert $480,000 debt which was assigned by Cognate. Stock Purchase Warrants The following is a summary of warrant activity for the years ended December 31, 2017 and 2016 (dollars in thousands, except per share data): Number of Weighted Average Remaining Warrants Exercise Price Contractual Term Outstanding as of January 1, 2016 27,267 $ 4.40 2.70 Warrants granted in a registered direct offering 14,485 2.70 Warrants granted to Cognate 35,504 0.69 Warrants canceled by Cognate (37,147) 0.35 Warrants exercised for cash (15,357) 0.53 Warrants granted 35,287 0.43 Warrants expired and cancellation (1,761) 9.36 Outstanding as of December 31, 2016 58,278 1.78 3.86 Warrants granted 362,240 0.36 Warrants exercised for cash (24,558) 0.11 Cashless warrants exercise (16,071) 0.20 Warrants expired and cancellation (59,483) 1.40 Outstanding as of December 31, 2017* 320,406 $ 0.50 2.62 * Approximately 200 million warrants were subject to limitation on exercisability and were not exercisable as of December 31, 2017. |