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AT THE MARKET OFFERING AGREEMENT
9 Months Ended
Mar. 31, 2017
At Market Offering Agreement  
AT THE MARKET OFFERING AGREEMENT

NOTE 15. AT THE MARKET OFFERING AGREEMENT


In February 2017, our Board approved an ATM Agreement with Ascendiant Capital Markets, LLC. The ATM Agreement allows the Company to sell shares of its common stock pursuant to specific parameters defined by the Company as well as those defined by the SEC and the ATM Agreement. Since the inception of the ATM no shares have been sold, but it allows for quick and agile sales of our common stock to interested investors and provides an opportunity to raise additional capital for working capital requirements or to fund strategic opportunities that may present themselves from time to time.