Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.4.0.3
Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

Note 10 - Subsequent Events

 

On April 22, 2016, the Company issued 500 shares of common stock to an employee for vested grant.

 

Subsequent to March 31, 2016, the Company sold 2,024,504 shares of common stock for gross proceeds of $4.1 million as part of the Sales Agreement with MLV. 

 

Subsequent to March 31, 2016, the Company granted employees and board of directors 1,695,500 options to purchase the Company’s common stock. These options were valued at approximately $2.4 million using Black-Scholes option pricing model.