Working @ Startup. Need help reading their most recent SEC Filing

Our Company just raised another round of funding (5MM). I took a peak at the SEC filing and it was confusing. See below:

Total Offering Amount $18,500,000 USD Total Amount Sold $9,777,138 USD Total Remaining to be Sold $8,722,862 USD

Clarification of Response (if Necessary): Warrants with an aggregate exercise price of approximately $4,933 were issued in connection with the financing; such amount is not included in the above figure.

What does this mean?

Note: I intentionally omitted the link to the actual filing itself.

[Edit] Here's pretty much the rest of the filing in XML format

<offeringData>

 <issuerSize>

 <revenueRange>Decline to Disclose</revenueRange>

 </issuerSize>

 <federalExemptionsExclusions>

 <item>06</item>

 </federalExemptionsExclusions>

 <typeOfFiling>

 <newOrAmendment>

 <isAmendment>false</isAmendment>

 </newOrAmendment>

 <dateOfFirstSale>

 <value>2012-08-10</value>

 </dateOfFirstSale>

 </typeOfFiling>

 <durationOfOffering>

 <moreThanOneYear>false</moreThanOneYear>

 </durationOfOffering>

 <typesOfSecuritiesOffered>

 <isEquityType>true</isEquityType>

 <isOptionToAcquireType>true</isOptionToAcquireType>

 </typesOfSecuritiesOffered>

 <businessCombinationTransaction>

 <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>

 <clarificationOfResponse></clarificationOfResponse>

 </businessCombinationTransaction>

 <minimumInvestmentAccepted>0</minimumInvestmentAccepted>

 <salesCompensationList></salesCompensationList>

 <offeringSalesAmounts>

 <totalOfferingAmount>18500000</totalOfferingAmount>

 <totalAmountSold>9777138</totalAmountSold>

 <totalRemaining>8722862</totalRemaining>

 <clarificationOfResponse>Warrants with an aggregate exercise price of approximately $4,933 were issued in connection with the financing; such amount is not included in the above figure.</clarificationOfResponse>

 </offeringSalesAmounts>

 <investors>

 <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>

 <totalNumberAlreadyInvested>4</totalNumberAlreadyInvested>

 </investors>

 <salesCommissionsFindersFees>

 <salesCommissions>

 <dollarAmount>0</dollarAmount>

 </salesCommissions>

 <findersFees>

 <dollarAmount>0</dollarAmount>

 </findersFees>

 <clarificationOfResponse></clarificationOfResponse>

 </salesCommissionsFindersFees>

 <useOfProceeds>

 <grossProceedsUsed>

 <dollarAmount>0</dollarAmount>

 </grossProceedsUsed>

 <clarificationOfResponse></clarificationOfResponse>

 </useOfProceeds>

</offeringData>

 

<offeringData>

 <issuerSize>

 <revenueRange>Decline to Disclose</revenueRange>

 </issuerSize>

 <federalExemptionsExclusions>

 <item>06</item>

 </federalExemptionsExclusions>

 <typeOfFiling>

 <newOrAmendment>

 <isAmendment>false</isAmendment>

 </newOrAmendment>

 <dateOfFirstSale>

 <value>2010-09-01</value>

 </dateOfFirstSale>

 </typeOfFiling>

 <durationOfOffering>

 <moreThanOneYear>false</moreThanOneYear>

 </durationOfOffering>

 <typesOfSecuritiesOffered>

 <isOptionToAcquireType>true</isOptionToAcquireType>

 <isOtherType>true</isOtherType>

 <descriptionOfOtherType>convertible debt</descriptionOfOtherType>

 </typesOfSecuritiesOffered>

 <businessCombinationTransaction>

 <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>

 <clarificationOfResponse></clarificationOfResponse>

 </businessCombinationTransaction>

 <minimumInvestmentAccepted>0</minimumInvestmentAccepted>

 <salesCompensationList></salesCompensationList>

 <offeringSalesAmounts>

 <totalOfferingAmount>9210635</totalOfferingAmount>

 <totalAmountSold>4210635</totalAmountSold>

 <totalRemaining>5000000</totalRemaining>

 <clarificationOfResponse>In addition, warrants for purchase of capital stock valued at $1,842,127.</clarificationOfResponse>

 </offeringSalesAmounts>

 <investors>

 <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>

 <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>

 </investors>

 <salesCommissionsFindersFees>

 <salesCommissions>

 <dollarAmount>0</dollarAmount>

 </salesCommissions>

 <findersFees>

 <dollarAmount>0</dollarAmount>

 </findersFees>

 <clarificationOfResponse></clarificationOfResponse>

 </salesCommissionsFindersFees>

 <useOfProceeds>

 <grossProceedsUsed>

 <dollarAmount>0</dollarAmount>

 </grossProceedsUsed>

 <clarificationOfResponse></clarificationOfResponse>

 </useOfProceeds>

</offeringData>

 

It means that the Company authorized the sale of $18.5M in securities (not clear what securities), and has so far sold $9.78M.

As part of the offering, the Company sold warrants to buy its stock. A warrant is like an option -- it gives you the right to buy the stock at a set exercise price at a later time. In this case, if you add up the total exercise prices of all the warrants, it's equal to $4,933. They didn't include that in the $18.5M number because they only get it when somebody exercises the warrant.

I presume that you're looking at a Form D filing. As the offering proceeds, the company may update the filing to increase those amounts.