XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Subsequent Events
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

NOTE 8—SUBSEQUENT EVENTS

 

On April 1, 2019, the Company awarded a total of 167,500 stock options, in the aggregate, to employees of its OmniMetrix subsidiary at an exercise price of $0.32. These options vest ratably over three years starting on the first anniversary date of the option grant date.

 

On May 6, 2019, the Company filed an S-1 Registration Statement for a rights offering seeking to raise gross proceeds of $2,400. The rights offering would be in the form of a distribution, to the Company’s stockholders and holders of certain of its warrants, of non-transferable rights to purchase additional shares of the Company’s Common Stock at a discount that is expected to be between 15% and 20% to the market price. The final terms and timing of the rights offering have not yet been determined.