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

Stockholders' deficit (Q1) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

The Company has reserved common stock for future issuance as follows:

	March 31, 2020		December 31, 2019
Conversion of Series E		1,760,903		1,760,903
Exercise of options to purchase common stock		7,891,833		7,791,833
Warrants to purchase common stock		18,046,310		16,981,854
Notes payable		4,722,795		4,437,500
Total		32,421,841		30,972,090

As of December 31, 2019, the Company has reserved approximately 31.0 million shares of common stock for future issuance as follows:

	December 31, 2019
Conversion of Series E		1,760,903
Exercise of options to purchase common stock		7,791,833
Warrants to purchase common stock		16,981,854
Notes payable		4,437,500
Total		30,972,090

On March 17, 2020, 1,003,232 warrants were issued to holders of warrants issued on May 6, 2019 due to dilutive impact of subsequent issuances.

	Warrants		Weighted Average Exercise Price
Warrants outstanding at December 31, 2019		16,981,854	$	3.23
Issued		1,064,456		1.81
Exercised		-		-
Warrants outstanding at March 31, 2020		18,046,310	$	3.05

The warrants are exercisable on the date of issuance and expire 24 months from the date of the consummation of a future IPO.

	Warrants			Exercise Price
Warrants acquired on May 6, 2019		712,823		$	3.90
Issued		17,414,030			3.27
Exercised		(1,144,999	)⁽¹⁾		3.50
Warrants outstanding at December 31, 2019		16,981,854		$	3.23

(1) Exercised warrants were converted at 1.1 shares per warrant for a total of 1,259,498 shares.