Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.7.0.1
Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
Note 14 — Subsequent Events  
 
Recent Stock Awards:
 
Since June 30, 2017, the Company has awarded 50,000 common shares, to its external board members as part of their annual retainer for services covering July 2017 to June 2018.
 
Recent Stock Option Awards:
 
Since June 30, 2017, the Company has awarded 65,500 stock options to employees, subject to vesting terms.
 
Sale of Common Stock:
 
On August 9, 2017, the Company entered into agreements to sale 1,500,000 shares of common stock, at an offering price of $5.75 per share. Total gross proceeds from the offering will be $8,625,000, before commissions and offering expenses. The offering is expected to close on August 14, 2017.