Better Choice Company Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)

9 Months Ended

Sep. 30, 2019

As of September 30, 2019, the Company has reserved approximately 18 million shares of Common Stock for future issuance as follows:

	September 30, 2019
Conversion of Redeemable Series E Convertible Preferred Stock		2,167,744
Exercise of options to purchase Common Stock		6,031,462
Warrants to purchase Common Stock		9,533,354
Total shares of Common Stock reserved for future issuance		17,732,560

Option Grants

The following table provides detail of the options granted and outstanding under the 2019 Incentive Award Plan. The table excludes any options awarded before the Plan was implemented.

					Vested Options		Non-vested options
	Total Number of Options		Weighted Average Exercise Price		Number		Number			Weighted average grant date fair value
Acquired on May 6, 2019		5,250,000	$	5.00		-		5,250,000		$	2.75
Granted		743,000		5.95		-		743,000			2.56
Vested during period				5.05		2,080,829		(2,080,829	)		2.75
Options outstanding at September 30, 2019		5, 993,000	$	5.12		2,080,829		3,912,171		$	2.73
Options expected to vest								3,907,571
Weighted average exercise price						5.05	$	5.15
Weighted average remaining contractual term (years)						9.6		9.6
Aggregate intrinsic value at September 30, 2019 (in thousands)					$	2	$	74

Activity of Warrants

During the three months ended September 30, 2019, a company advisor was issued 2,500,000 warrants with a strike price of $0.10 and 1,500,000 warrants with a strike price of $10.00.

	Warrants			Exercise Price
Warrants Acquired on May 6, 2019		712,823		$	3.90
Issued		9,965,530			4.05
Exercised		(1,144,999	)		3.50
Warrants outstanding at September 30, 2019		9,533,354		$	4.01