Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

(23) Subsequent Events

Subordinated Note Amendment

On February 18, 2020, we entered into an amendment (the “Amendment”) with the holders of the 2015 Subordinated Notes, pursuant to which we:

• extended the maturity date of $13.5 million of the 2015 Subordinated Notes by three years from February 20, 2020 to February 20, 2023;

• extended the exercise period of the warrants to purchase 1,400,000 shares of the Company’s common stock previously issued in 2015 by three years from February 20, 2020 to February 20, 2023; and

• issued new warrants to purchase 675,000 shares of the Company’s common stock with a term of five years and an exercise price of $4.48 per share, which represented a 20% premium over the 30-day average trailing closing price of the Company’s common stock.

A description of the terms and conditions of the 2015 Subordinated Notes can be found in Note 16.

At the Market Offerings

During the period of January 1, 2020 through March 13, 2020, we received net proceeds of approximately $62.9 million from the sale of approximately 23.8 million shares of our common stock in At Market Issuance Sales Agreement with B. Riley FBR, Inc.