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Subsequent Event

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 8 – Subsequent Event

On July 20, 2018 (the “Closing Date”) the Company completed a private offering of 5,213,543 shares of common stock at $2.25 per share. Gross proceeds from the offering totaled $11.7 million and net cash proceeds approximated $11.6 million. In conjunction with this offering, the Company signed a Registration Rights Agreement that requires the Company to file a registration statement with the Securities and Exchange Commission and to use commercially reasonable efforts to have the registration statement declared effective by the Securities and Exchange Commission within six months after the Closing Date.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

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