Anuvu Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Common Stock, Share-based Awards and Warrants (Tables)

Common Stock, Share-based Awards and Warrants (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Share-based Compensation Expense Allocation

Stock-based compensation expense related to our directors and other personnel for the three and six months ended June 30, 2018 and 2017 was as follows (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Cost of services	$	80	$	66	$	260	$	153
Sales and marketing	98		131		291		306
Product development	139		165		450		336
General and administrative	1,913		630		4,867		2,048
Total	$	2,230	$	992	$	5,868	$	2,843

Schedule of Warrants

The following is a summary of the penny and market warrants outstanding as of June 30, 2018:



	Number of Warrants (in thousands)	Weighted Average Exercise price		Weighted Average Remaining Contractual Term (in years)
Penny Warrants	18,065,775	$	0.01	9.70
Market Warrants	13,000,000	$	1.57	9.70

Schedule of Share-based Compensation, Warrants, Activity

The following is a summary of Public SPAC Warrants (which were exercisable for shares of our common stock) for the six months ended June 30, 2018, with the “Number of Warrants” in the table below indicating the shares of our common stock underlying the Public SPAC Warrants:



	Number of Warrants (in thousands)		Weighted Average Exercise price		Weighted Average Remaining Contractual Term (in years)
Outstanding at January 1, 2018	6,173		$	11.50
Expired	(6,173	)	—
Outstanding and exercisable at June 30, 2018	—		$	—	0.0

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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