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Common Stock (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of remaining authorized Shares

 

 

 

 

March 31, 2020

 

 

 

Authorized shares

 

300,000,000

 

 

 

Common stock outstanding

 

160,022,000

Options Outstanding

 

6,240,000

Warrants Outstanding

 

7,116,000

Reserved for issuance under 2019 Stock and Incentive Plan

 

9,516,000

 

 

 

Available shares

 

117,106,000

 

 

 

Average Stock Price:

 

 

  30 day

$

0.48

  60 day

$

0.57

  90 day

$

0.60

 

Schedule of sale of stock under equity distribution agreement

 

 

 

 

 

    

Sales Agreement

 

 

 

 

Total shares of common stock sold

 

 

1,241,000

 

 

 

 

Average price per share

 

$

0.58

 

 

 

 

Gross Proceeds

 

$

682,000

Commissions earned by placement agents

 

 

(27,000)

Legal/Audit fees

 

 

(219,000)

Net Proceeds

 

$

436,000