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Subsequent Events
9 Months Ended
Sep. 30, 2017
Subsequent Events  
Subsequent Events

12.   Subsequent Events

 

The Company considers events or transactions that occur after the balance sheet date but prior to the issuance of the financial statements to provide additional evidence for certain estimates and to identify matters that require additional disclosure. Subsequent events have been evaluated as required. Except as set forth below, there were no material recognized subsequent events recorded in the condensed consolidated financial statements as of and for the three and nine months ended September 30, 2017.

 

Sales Agreement

 

Subsequent to September 30, 2017, the Company sold an aggregate of 425,374 shares of common stock pursuant to the Second ATM Program, at an average price of $2.13 per share, for net proceeds of $0.9 million after deducting sales commissions and offering expenses.