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Common Stock
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Common Stock

NOTE 9.  COMMON STOCK



The Company’s common stock is duly authorized, full paid, and non-assessable.



On March 11, 2015, an executive officer exercised a warrant to purchase 35,060 shares at the price of $9.88 per share (see Note 12).



The Company concluded a subscription rights offering on June 6, 2014.  Each subscription right entitled its holder to purchase one share of common stock of the Company for $10.40 per share. Subscription rights to purchase 274,954 shares of common stock were exercised for $2,860, of which $2,000 was paid by the conversion of a loan owed by the Company to RES (see Note 6).  The Company incurred issuance costs of $218.