Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v2.4.0.8
Subsequent Events
12 Months Ended
Dec. 31, 2013
Subsequent Events [Abstract]  
Subsequent events
Note 10 – Subsequent Events
 
During the first quarter of 2014, 5,000 warrants were exercised by the warrant holders at $0.78 per share into 5,000 shares of the Company’s common stock and 245,461warrants were exercised by the warrant holder under a cashless exercise option into 202,721 shares of the Company’s common stock.
 
In January 2014, the Company completed the final tranche of a private placement of the Company’s common stock and warrants and received approximately $3.3 million total gross proceeds from accredited investors (“2014 Closing”). In the 2014 Closing, the Company sold 551,810 shares of common stock at $6.00 per share and granted 137,952 units of five-year warrants with an exercise price of $9.00 per share.