General form of registration statement for all companies including face-amount certificate companies

Warrant Derivative Liability (Q2) (Tables)

v3.19.3
Warrant Derivative Liability (Q2) (Tables)
 4 Months Ended 6 Months Ended
Dec. 31, 2018
Jun. 30, 2019
Warrant Derivative Liability [Abstract]    
Change in Fair Value of Derivative Liabilities  
The following schedule shows the change in fair value of the derivative liabilities for the period from May 6, 2019 through June 30, 2019.

Dollars in thousands
  
Warrant Liability
  
Assumption of warrants pursuant to May 6, 2019 acquisition of Better Choice Company
  
$
2,110
  
Change in fair value of derivative liability
    
193
  
Balance as of June 30, 2019
  
$
2,304
  
Warrant Liability Fair Value Measurement Inputs and Valuation Techniques

Derivative liabilities incurred during the period ended August 31, 2018 were valued based upon the following assumptions and key inputs:

 

   

August 31,

    

August

  

Assumption

  

2018

    

2017

  

Expected dividends:

     0

%

     0

%

Expected volatility:

     121.1-246.8

%

     37.8-276.9

%

Expected term (years):

  

0.21-1.00 years

    

0.04-0.50 years 

  

Risk free interest rate:

     0.97-2.08.

%

     0.26-0.98

%

Stock price

   $ 0.35-1.11     $ 0.51-1.97  
   
May 6, 2019
    
June 30, 2019
  
Warrant Liability
            
Stock Price
  
$
6.00
    
$
6.35
  
Exercise Price
  
$
3.90
    
$
3.90
  
Remaining term (in years)
    
1.60 – 1.68
      
1.45 – 1.53
  
Volatility
    
64
%
    
65
%
Risk-free interest rate
    
2.39
%
    
1.98
%