Stockholders' Equity	9 Months Ended
Sep. 30, 2020
STOCKHOLDERS' EQUITY
Stockholders' Equity	Common Stock The Company is authorized to issue 30,000,000 shares of common stock, $.001 par value per share. As of September 30, 2020, there were 8,458,734 shares issued and outstanding. During the nine month period ended September 30, 2020, the Company granted 231,868 restricted stock awards (RSAs), of which 173,775 remain unvested. During the three and nine month periods ended September 30, 2019, 18,333 shares and 40,524 shares, respectively, of common stock vested in accordance with the vesting terms of RSAs. During the nine months ended September 30, 2020, 75,000 stock options were exercised on a cashless basis for an aggregate issuance of 16,882 shares of the Company’s common stock. At The Market Offering Agreement On August 18, 2020, the Company entered into an At-The-Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (“B. Riley FBR”), The Benchmark Company, LLC (“Benchmark”) and Spartan Capital Securities, LLC (“Spartan”, and together with B. Riley FBR and Benchmark, the “Sales Agents”) which establishes an at-the-market equity program pursuant to which the Company may offer and sell shares of our common stock, par value $0.001 per share, from time to time as set forth in the Sales Agreement. The Sales Agreement provides for the sale of shares of the Company’s common stock (“Shares”) having an aggregate offering price of up to $24,000,000. The Sales Agreement will terminate upon the earlier of sale of all of the Shares under the Sales Agreement or termination of the Sales Agreement as permitted. During the nine months ended September 30, 2020, the Company has incurred $131,436 of offering costs. The Company has no obligation to sell any of the Shares, and, at any time, we may suspend offers under the Sales Agreement or terminate the Sales Agreement. The Company sold no shares during the three months ended September 30, 2020 and has capacity of $24.0 million under the Sales Agreement as of September 30, 2020.

Stockholders' Equity

9 Months Ended

Sep. 30, 2020

Common Stock

The Company is authorized to issue 30,000,000 shares of common stock, $.001 par value per share. As of September 30, 2020, there were 8,458,734 shares issued and outstanding. During the nine month period ended September 30, 2020, the Company granted 231,868 restricted stock awards (RSAs), of which 173,775 remain unvested. During the three and nine month periods ended September 30, 2019, 18,333 shares and 40,524 shares, respectively, of common stock vested in accordance with the vesting terms of RSAs.

During the nine months ended September 30, 2020, 75,000 stock options were exercised on a cashless basis for an aggregate issuance of 16,882 shares of the Company’s common stock.

At The Market Offering Agreement

On August 18, 2020, the Company entered into an At-The-Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (“B. Riley FBR”), The Benchmark Company, LLC (“Benchmark”) and Spartan Capital Securities, LLC (“Spartan”, and together with B. Riley FBR and Benchmark, the “Sales Agents”) which establishes an at-the-market equity program pursuant to which the Company may offer and sell shares of our common stock, par value $0.001 per share, from time to time as set forth in the Sales Agreement. The Sales Agreement provides for the sale of shares of the Company’s common stock (“Shares”) having an aggregate offering price of up to $24,000,000.

The Sales Agreement will terminate upon the earlier of sale of all of the Shares under the Sales Agreement or termination of the Sales Agreement as permitted. During the nine months ended September 30, 2020, the Company has incurred $131,436 of offering costs.

The Company has no obligation to sell any of the Shares, and, at any time, we may suspend offers under the Sales Agreement or terminate the Sales Agreement. The Company sold no shares during the three months ended September 30, 2020 and has capacity of $24.0 million under the Sales Agreement as of September 30, 2020.