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COMMON STOCK AND WARRANTS - Note 8
 6 Months Ended
Jun. 30, 2016
Common Stock And Warrants - Note 8  
COMMON STOCK AND WARRANTS - Note 8

8. COMMON STOCK AND WARRANTS

During the six months ended June 30, 2016, we received gross proceeds of $349,000 as part of an ATM agreement we entered into with Meyers Associates, L.P. in May 2015. Under the terms of the agreement, we may, from time to time, at our discretion, offer and sell shares of our common stock having an aggregate value of up to $6.0 million. As of June 30, 2016, we have received aggregate gross proceeds of approximately $2.6 million before issuance costs of approximately $95,000 from the sale of 928,000 shares of common stock.

In March 2016, we raised $6.9 million before issuance costs of approximately $650,000 from the sale of 4.1 million shares of common stock in an underwritten public offering.

During the six months ended June 30, 2015, we received $3.3 million from the exercise of warrants to purchase 1.5 million shares of common stock, which warrants were issued in connection with earlier financing transactions.

During the three months ended March 31, 2015, we received gross proceeds of $1.0 million as part of an ATM agreement we entered into with Meyers Associates, L.P. in June 2014. We completed sales under this agreement, having received total proceeds of $4.5 million before issuance costs of approximately $206,000 from the sale of 2.0 million shares of common stock.