XML 94 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
Issuance of stock options and RSUs
On January 24, 2017 the Company granted 0.73 million stock options and 1.16 million RSU’s to its employees, directors and consultants with an exercise price of $2.35. The options carry a five-year life and are vested as follows: 50% immediately; 25% on January 24, 2018; 25% on January 24, 2019. The RSU’s vest as follows: 50% on January 27, 2018; 25% on January 27, 2019; and 25% on January 27, 2020.
Sale of shares in the Company's ‘at-the-market’ program (“ATM”).
From January 1, 2017 through March 8, 2017, the Company has issued 2.99 million shares for proceeds $6.65 million using the ATM.