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Note 11 - Subsequent Events | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Subsequent Events [Text Block] |
11. | Subsequent events
IPO and the concurrent private placement On March 14, 2017, the Company completed its IPO on the NASDAQ Capital Market pursuant to which the Company issued 174,286 ordinary shares at $20.00 per share for gross proceeds of $3,486. In conjunction with IPO, the Company issued 2,541,048 ordinary shares in a private placement to certain investors at $20.00 per share for gross proceeds of $50,821. Immediately prior to the IPO, the Company issued 2,112,963 ordinary shares to Nereus Trust (Note 10) and the relevant royalty payment arrangements with the seller of the patent of Plinabulin were terminated. 2017 Omnibus Incentive Plan. In connection with the IPO, the Company’s board of directors and shareholders approved a new equity compensation plan, the 2017 Omnibus Incentive Plan, to provide an additional incentive to selected officers, employees, non-employee directors, independent contractors and consultants of the Company under certain conditions. Under the 2017 Omnibus Incentive Plan, the maximum number of the Company’s ordinary shares reserved for issuance is 2,137,037 shares.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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