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Stockholders' Equity
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Stockholders' Equity

14.

Stockholders’ Equity

In February 2020, the Company completed an underwritten public offering of 5,307,692 shares of its common stock (including 692,307 shares sold pursuant to the exercise of the underwriters’ overallotment option) at a price of $6.50 per share. The net proceeds to the Company, after deducting $2.5 million in underwriting discounts and commissions and offering expenses payable by the Company, were approximately $32.0 million.

In June 2020, the Company completed an underwritten public offering of 4,615,384 shares of its common stock at a price of $6.50 per share. The net proceeds to the Company, after deducting $2.0 million in underwriting discounts and commissions and offering expenses payable by the Company, were approximately $28.0 million.

The Company had issued and outstanding common stock warrants as follows:

 

 

 

Number of

Shares

 

 

Weighted

Average

 

 

 

Underlying

Warrants

 

 

Exercise

Price

 

Outstanding — December 31, 2018

 

 

10,194

 

 

$

155.73

 

Issued

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited

 

 

(2,337

)

 

 

499.50

 

Outstanding — December 31, 2019

 

 

7,857

 

 

 

53.61

 

Issued

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited

 

 

(7,772

)

 

 

49.91

 

Outstanding — December 31, 2020

 

 

85

 

 

$

392.70