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Equity
9 Months Ended
Sep. 30, 2015
Equity  
Equity

 

Note 3 - Equity

 

ATM Sales: In March 2014, the Company entered into a sales agreement with Cowen and Company LLC to sell from time to time, in “at the market” offerings, shares of its common stock having an aggregate offering price of up to $40.0 million.  During the nine months ended September 30, 2015, the Company sold 1,256,380 shares of common stock for net proceeds of $7.1 million after stock issuance costs of $0.2 million. There were no issuances of common stock under this facility in the nine months ended September 30, 2014.

 

As of September 30, 2015, the Company had a total of $32.6 million available for future sales under the sales agreement.