Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 12 – Subsequent events

 

On May 3, 2018, we closed a public offering receiving gross proceeds of approximately $8 million and net proceeds of $7.1 million. We sold 4,210,527 shares of common stock to the underwriter at approximately $1.767 per share which the underwriter sold to the public at $1.90 per share and issued the underwriter a warrant to purchase 84,211 shares of common stock at $2.09 per share over a four year period beginning November 3, 2018. The underwriter has a 45 day option to purchase an additional 631,578 shares of common stock solely to cover overallotments.