Note 9 - Common Stock, Additional Paid-in Capital and Dividends

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

9. Common Stock, Additional Paid-In Capital and Dividends:

A discussion of the Company's common stock, additional paid-in capital and dividends can be found in the Company's annual financial statements for the fiscal year ended

December 31, 2018

which have been filed with the Securities and Exchange Commission on Form

20

-F on

March 28, 2019.

Issuance of warrants as part of the

2018

Common Stock Offering (the

“2018

Warrants”):

During the period ended

June 30, 2019,

all outstanding

2018

warrants, namely

1,947,000,

have been exercised for gross proceeds of

$1,459

and

97,350

common shares were issued pursuant to these exercises.

2014

Warrants:

During the period ended

June 30, 2019,

1,156,000

2014

Warrants, have been exercised for gross proceeds of

$2,881

and

294,132

common shares were issued pursuant to these exercises. As of

June 30, 2019

the Company had

333,500

2014

Warrants outstanding, which entitled their holders to purchase

125,896

of the Company's common shares at an exercise price of

$6.60.

On

May 6, 2019

the Company commenced a consent solicitation with respect to the

2014

Warrants. The

2014

Warrant holders that validly consented by

June 11, 2019,

extended the expiration of their

2014

Warrants to

July 31, 2019.

During

July 2019

112,000

2014

Warrants were exercised for gross proceeds of

$279

and

42,904

common shares were issued pursuant to these warrant exercises. As of the date of these condensed consolidated financial statements there are

no

2014

Warrants outstanding, since all warrants

not

already exercised have expired.

Dividends:

No

dividends were paid to common stock holders in the period ended

June 30, 2018

and

2019.