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Subsequent Event
 6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Event

 

11. Subsequent Event

 

Under our at-the market offering, since July 1, 2022, we have received proceeds of $0.7 million net of fees from the sale of our common stock related to the program.  On March 28, 2022, as a result of limitations under General Instruction I.B.6 of Form S-3, and in agreement in terms of the sales agreement, the Company revised the aggregate offering price of shares of common stock to $10.0 million, which does not include issued shares having aggregate sales price of $6.9 million, through Prospectus Supplement filing with the SEC. On July 12, 2022, Intrusion’s stock traded at $4.33 per share, which caused the Company’s public float to exceed $75 million. As a result, the limitations under General Instruction I.B.6 of Form S-3 were no longer applicable and the Company revised the aggregate offering price of shares of common stock to the original $50.0 million through a Prospectus Supplement filing with the SEC. As of June 30, 2022, the Company received proceeds of $1.2 million net of fees from the sale of common stock related to this program.