This excerpt taken from the TGAL 10-Q filed Nov 14, 2005.
10. Subsequent Events:
The fair value of the warrants issued upon the second closing of the 2005 PIPE was estimated to be $6,295 on September 30, 2005 and was recorded as a liability. The warrant liability was reclassified to equity as of the effective date of the registration statement covering the resale of the shares issuable upon conversion of the warrants, October 24, 2005.