Subsequent Events

9 Months Ended

Sep. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On November 12, 2015, the Company filed a registration statement on Form S-1 with the SEC, which disclosed the Company’s intention to commence a rights offering of the Company’s common stock. The Company plans to make the rights offering by distributing subscription rights to shareholders owning Company common stock on the record date. The record date for the offering has not yet been determined. Each subscription right will entitle a shareholder to purchase shares of the Company’s common stock in the offering on a pro rata basis and will include an oversubscription right to allow a shareholder that has exercised all of its basic subscription rights to purchase, again on a pro rata basis, any shares subject to the offering but not subscribed for by the shareholders under their basic subscription rights. The Company intends to raise $4 million through the rights offering, but the number of shares of common stock to be issued and the subscription price per share have not yet been determined.