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Shares Issued Through Equity Offering Program
9 Months Ended
Sep. 30, 2013
Shares Issued Through Equity Offering Program  
Shares Issued Through Equity Offering Program

Note 10 — Shares Issued Through Equity Offering Program

 

On August 9, 2012, the Company entered into an equity offering sales agreement to sell shares of the Company’s common stock from time to time with an aggregate sales price of up to $50,000,000, through an “at the market” equity offering program.  During the nine months ended September 30, 2013, the Company sold 307,727 shares for proceeds of $8,037,000, net of commissions of $81,000, and incurred offering costs of $75,000. Subsequent to September 30, 2013 and through November 4, 2013, the Company sold 10,203 shares for proceeds of $219,000, net of commissions of $2,000.