Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Subsequent Events

v3.19.2
Note 7 - Subsequent Events
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
Note
7
- Subsequent Events
 
On
July 1, 2019,
the Company filed a Registration Statement on Form S-
1
to register for resale the common stock underlying the units sold with the Company's PIPE offering on
June 19, 2019,
which consisted of
675,000
Units of common stock issued at
$14.00
per Unit for total gross proceeds of
$9,450,000
. Each Unit consisted of
one
share of the Company's common stock and
0.7
of a warrant to purchase
one
share of common stock at
$16.00
per share.
 
On
July 10, 2019,
the Compensation Committee of the Board of Directors approved the issuance to
five
employees of
19,000
options to purchase shares of the Company's common stock with a term of
10
years and vesting annually over a
four
-year period. The options had an exercise price of
$17.50.
 
On
July 12, 2019,
the Company filed a Registration Statement on Form S-
8
 to register the common stock issuable pursuant to the Company's
2012
Stock Plan and
2018
Stock Plan.