XML 53 R25.htm IDEA: XBRL DOCUMENT v3.24.0.1
Subsequent Events
12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events

18. Subsequent Events

 

On February 15, 2024, the Company completed a public offering of 16,667,000 shares of its common stock at an offering price of $0.30 per share. The Company received gross proceeds of approximately $5 million and net proceeds of approximately $4.4 million, after deducting underwriting discounts and offering-related expenses. The Company granted the underwriter an overallotment option to purchase an additional 2,500,000 shares of its common stock, at the public offering of $0.30 per share less the underwriter’s discount, for a 45-day period ending March 29, 2024. In connection with the public offering, the Company issued to the underwriter, as additional underwriting compensation, a warrant to purchase 666,680 shares of its common stock at an exercise price of $0.375 per share over a five-year period.