Quarterly report pursuant to Section 13 or 15(d)

Equity

v3.7.0.1
Equity
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Equity

Note 7 – Equity

 

The Company has 50,000,000 preferred stock authorized at $0.001 par value. At June 30, 2017 and December 31, 2016, the Company had no preferred stock issued or outstanding.

 

On July 13, 2016, the Company entered into an At-Market Issuance Sales Agreement (the “Agreement”) as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2016, Part II – Item 8 – Financial Statements and Supplemental Data – Notes to consolidated financial statements – Note 11 – “Equity Offerings”. During the six months ended June 30, 2017, the Company sold an additional 563,753 shares through the Agreement for a total net proceeds of $1.0 million. No shares were sold during the quarter ended June 30, 2017.