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Note 14 - Subsequent Events
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 14 SUBSEQUENT EVENTS

 

On March 24, 2021, the Company entered into an agreement with Apollo in which the Company acquired the option to further extend, in its sole discretion, the current May 2021 maturity date of its loan to November 2022 from May 2022 (“Second Extension Option”).  The fee to acquire the Second Extension Option was the adjustment of the exercise price of 362,500 warrants held by Apollo from $6.75 to $0.01. 

 

During the first quarter of fiscal year 2021, the Company issued 1,368,362 shares of common stock in its July 2020 ATM Offering for gross proceeds of $15.2 million and net proceeds of $14.9 million.