Table:
|  | Outstanding as of December 31, | Exercise | Exercisable |
| --- | --- | --- | --- |
| Issuance Date | 2019 | price | Through |
| Aug 2007- Jan 2011 | 2,016,666 | 3 - 4.35 | Nov-2022 |
| Jun-2018 | 458,202 | 9 | Dec-2020 |
| Jun-2018 | 1,158,000 | 7 | Dec-2021 |
| Aug - 2019 | 842,000 | 7 | Dec-2021 |
| Total | 4,474,868 |  |  |
Paragraphs:
NOTE 11 - STOCK CAPITAL (Cont.)
Private placements and public offerings: (Cont.)
The New Warrants have not been registered under the Securities Act of 1933, as amended (the Securities Act), or state securities laws. The shares issuable upon exercise of the New Warrants have been registered for resale on the Company’s registration statement on Form S-3 (File No. 333- 233349). The Exercised Shares have been registered for resale on the Company’s registration statement on Form S-3 (File No. 333225995). The issuance of the Exercised Shares and New Warrants is exempt from the registration requirements of the Securities Act pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated under the Securities Act.
Since its inception the Company has raised approximately $64,000, net in cash in consideration for issuances of Common Stock and warrants in private placements and public offerings as well as proceeds from warrants exercises.
Warrants:
The following table sets forth the number, exercise price and expiration date of Company warrants outstanding as of December 31, 2019:
Question:
In which period is the warrants outstanding the highest?
Answer: Because FInd the year with the highest warrants outstanding, the answer is: Aug 2007- Jan 2011.