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)

3 Months Ended

Mar. 31, 2018

Schedule of Share-based Compensation Expense Allocation

Stock-based compensation expense related to all employee and, where applicable, non-employee stock-based awards for the three months ended March 31, 2018 and 2017 was as follows (in thousands):



	Three Months Ended March 31,
	2018		2017
Cost of services	$	179	$	87
Sales and marketing	194		175
Product development	311		171
General and administrative	2,960		1,419
Total	$	3,644	$	1,852

Schedule of Warrants

The following is a summary of the penny and market warrants outstanding as of March 31, 2018:



	Number of Warrants (in thousands)	Weighted Average Exercise price		Weighted Average Remaining Contractual Term (in years)
Penny Warrants	18,065,775	$	0.01	10.0
Market Warrants	13,000,000	$	1.57	10.0

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 three months ended March 31, 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 March 31, 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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