Common Stock |
12 Months Ended |
|---|---|
Dec. 31, 2017 | |
| Notes to Financial Statements | |
| Note 7 - Common Stock |
2017
During 2017, 32,500 warrants were exercised at a price of $2.20 per share, for net cash proceeds to the Company of $71,500. As a result, a total of 32,500 shares of common stock were issued.
During 2017, 47,000 warrants were exercised at a price of $2.40 per share, for net cash proceeds to the Company of $112,800. As a result, a total of 47,000 shares of common stock were issued.
During 2017, 313,151 warrants were exercised at a price of $2.60 per share, for net cash proceeds to the Company of $814,193. As a result, a total of 313,151 shares of common stock were issued.
During 2017, 4,166 stock options were exercised to purchase shares of common stock at $3.00 per share in a cashless exercise that resulted in the issuance of 694 shares of common stock.
2016
During 2016, 400,000 warrants were exercised at a price of $0.50 per share, for net cash proceeds to the Company of $200,000. As a result, a total of 400,000 shares of common stock were issued.
During 2016, 87,500 warrants were exercised at a price of $2.20 per share, for net cash proceeds to the Company of $192,500. As a result, a total of 87,500 shares of common stock were issued.
During 2016, 2,601 warrants were exercised at a price of $2.60 per share, for net cash proceeds to the Company of $6,763. As a result, a total of 2,601 shares of common stock were issued.
During 2016, 235,000 stock options were exercised to purchase shares of our common stock at $2.50 to $3.00 per share in cashless exercises that resulted in the issuance of 53,657 shares of common stock.
During 2016, the Company issued 4,334,615 shares of common stock at a price of $3.25 per share, for net cash proceeds of approximately $13.1 million. Additionally, $0.3 million was incurred on legal expenses and stock market listing fees, resulting in net cash proceeds to the Company of $12.8 million.
During 2016, the Company issued 2,250,000 shares of common stock at a price of $5.00 per share, for net cash proceeds of approximately $10.7 million. Additionally, $0.1 million was incurred on legal expenses and stock market listing fees, resulting in net cash proceeds to the Company of approximately $10.6 million.
During 2016, the Company issued 234,404 shares of common stock at a price of $5.00 per share, for net cash proceeds to the Company of approximately $1.1 million. |