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Subsequent Events
3 Months Ended
Mar. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

On October 24, 2016, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock
Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the last 30
consecutive business days, the Company did not meet the minimum bid price of $1.00 per share required for continued listing
on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a
compliance period of 180 calendar days, or until April 24, 2017, in which to regain compliance pursuant to Nasdaq Listing
Rule 5810(c)(3)(A). The letter further provided that if, at any time during the 180-day period, the closing bid price of the
Company’s common stock is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company
with written confirmation that it has achieved compliance with the minimum bid price requirement.

On April 24, 2017, the Company received a letter from Nasdaq indicating that the Company was eligible for an additional 180-day period, or until October 23, 2017, to regain compliance.

On May 8, 2017, the Company received stockholder approval for a reverse stock split of the Company's common stock at a ratio between one-for-two (1:2) and one-for-ten (1:10), or the Reverse Split, to be determined by the Company's Board of Directors and to be effected at the sole discretion of the Board at any time time within six months, pursuant to the proxy statement filed with the SEC on March 29, 2017. If the Board implements the stock split within the next 6 months, the Company expects that the market price of the common stock will be in excess of the $1.00 minimum closing bid price as required by the Nasdaq Marketplace Rules.

On May 8, 2017, the Company received stockholder approval to amend the Amended and Restate Certificate of Incorporation of the Company, to change the name of the Company to Soleno Therapeutics, Inc.