Better Choice Company Inc. General form of registration statement for all companies including face-amount certificate companies

Warrant derivative liability (Q1) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

The following schedule shows the change in fair value of the warrant derivative liability as of March 31, 2020 and December 31, 2019:

Dollars in thousands	Warrant derivative liability
Balance as of December 31, 2019	$	2,220
Change in fair value of derivative liability		(1,379	)
Balance as of March 31, 2020	$	841

The following schedule shows the change in fair value of the derivative liabilities as at December 31, 2019.

Dollars in thousands	Warrant liability
Assumption of warrants in May Acquisitions	$	2,130
Change in fair value of warrant derivative liability		90
Balance as of December 31, 2019	$	2,220

	May 6, 2019			December 31, 2019			March 31, 2020
Warrant derivative liability
Stock price	$	6.00		$	2.70		$	1.15
Exercise price	$	3.90		$	1.62		$	1.62
Expected remaining term (in years)		1.60 - 1.68			0.95 - 1.02			0.722
Volatility		64	%		69	%		95	%
Risk-free interest rate		2.39	%		1.60	%		0.16	%

	May 6, 2019			December 31, 2019
Warrant liability
Stock price	$	6.00		$	2.70
Exercise price	$	3.90		$	1.62
Expected remaining term (in years)		1.60 – 1.68			0.95 – 1.02
Volatility		64	%		69	%
Risk-free interest rate		2.39	%		1.60	%