|3 Months Ended|
Dec. 31, 2020
|Warrants And Rights Note Disclosure [Abstract]|
The warrants listed below expire at various timeframes over the next two years. However, Company and ICG entered into an agreement whereby if the warrants are not exercised on or before the applicable expiration date, the applicable expiration date is deemed automatically extended for successive two year periods, immediately prior to such expiration. During the three months ended December 31, 2019, the Company recorded a fair value adjustment of $266 related to the extension of warrants that expired during this period. There was no such adjustment during the three months ended December 31, 2020.
The following table summarizes information about the Company’s warrants at December 31, 2020 and September 30, 2020, respectively:
The warrants may be exchanged for shares of common stock at a ratio of one share of Series B Preferred Stock into five common shares. The following table provides information assuming the warrants are exercised and exchanged for common shares:
The exercise price for the Series B Convertible Preferred Stock warrants outstanding and exercisable at December 31, 2020 and September 30, 2020, are as follows:
All of the warrants were exercised for shares of Series B Convertible Preferred Stock using a cashless exercise method during January 2021.