|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
NOTE 9 – SUBSEQUENT EVENT
On August 1, 2017, the Company entered into a new sales agreement (the “2017 Sales Agreement”) with Cowen, as sales agent, pursuant to which the Company may, from time to time, issue and sell common stock with an aggregate value of up to $9.0 million in ATM sales. On the same day, the Company filed a prospectus supplement under its existing shelf registration relating to the 2017 Sales Agreement. Cowen is acting as sole sales agent for any sales made under the 2017 Sales Agreement for a 3% commission on gross proceeds. No shares of common stock have been sold under the 2017 Sales Agreement.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef