Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Stockholders' Equity

Note 4 – Stockholders’ equity

 

The Company has authorized up to 800,000,000 shares of common stock, $0.001 par value per share, and had 24,402,444 shares issued and outstanding as of March 31, 2018.

 

On January 18, 2018, the Board of Directors of the Company filed an amendment (the “Amendment”) with the Delaware Secretary of State to effect a one-for-thirty reverse split of the Company’s class of Common Stock. The Amendment took effect on January 24, 2018. No fractional shares will be issued or distributed as a result of the Amendment. There was no change in the par value of our common stock.

 

Shares of common stock authorized for future issuance as follows as of March 31, 2018 (in thousands):

 

    As of
March 31, 2018
 
Stock options issued and outstanding     426  
Authorized for future option grants     1,813  
Warrants outstanding     209  
Convertible notes     247  
Total     2,695  

 

See Note 12 “Subsequent Events.”