Shareholders’ Equity |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Equity [Abstract] | |
| Shareholders’ Equity |
9. Shareholders’ Equity
Common Stock
During the nine months ended September 30, 2021, the Company issued shares of common stock in connection with the exercise of stock options which generated gross proceeds of $363,140.
During the three months ended March 31, 2021, the Company issued an aggregate of shares of common stock comprised of (i) shares of common stock issued in connection with sales of its common stock under its ATM Program which generated gross proceeds of approximately $27.8 million, and (ii) 2,472,573 shares of common stock issued as the result of the exercise of certain outstanding warrants which generated gross proceeds of approximately $2.3 million.
The Company did not issue any shares of common stock pursuant to the ATM Program during the three months ended September 30, 2021
Preferred Stock
Series C Preferred Stock Dividend and Redemption
During the three months ended March 31, 2021, the Company provided a notice of redemption, to the holder of the Company’s Series C Preferred Stock to redeem all outstanding Series C Preferred Stock (which included the dividend of shares paid on January 28, 2021 and any accrued dividends due through the redemption date of March 13, 2021). The Series C Preferred Stock redemption amount of approximately $5.6 million was paid on March 15, 2021 and all outstanding shares of Series C Preferred Stock were cancelled. |