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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

5. SUBSEQUENT EVENTS

2018 Sales Agreement

In July 2018, we sold an aggregate of 636,053 shares of our common stock pursuant to the 2018 Sales Agreement, resulting in net cash proceeds to us of approximately $2,167,000 after deducting sales commissions and estimated offering expenses payable by us. For further discussion of the 2018 Sales Agreement, see Note 4 on Stockholders’ Equity.

2011 Incentive Award Plan

In July 2018, outstanding stock options to purchase 438,902 shares of our common stock with a weighted average exercise price of $1.71 per share under the 2011 Plan were exercised resulting in cash proceeds to us of approximately $749,000.