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Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

16.  Subsequent Events

A total of 857,500 warrants, totaling approximately $4.3 million, issued in connection with the April 2020 financing, were exercised after December 31, 2020. Including the 901,000 warrants exercised during 2020, the aggregate exercise proceeds total approximately $8.8 million.

 

On December 11, 2020, the Board of Directors declared a quarterly cash dividend in the amount of $0.15 per share on the Company’s Preferred Stock. The cash dividend was paid on February 1, 2021 to the holders of record of the Preferred Stock as of the close of business on January 15, 2021.