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3. Subscription Receivable
9 Months Ended
Sep. 30, 2015
Subscription Receivable  
Subscription Receivable

Subscription receivable consisted of net proceeds generated from the sale of common stock under the ATM Agreement. On September 30, 2015, Opexa sold an aggregate of 75,000 shares of common stock under the ATM Agreement at an average price per share of $3.2019 generating gross and net proceeds of $240,143 and $232,934. These sales settled in early October.