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STOCK OFFERING
6 Months Ended
Jun. 30, 2017
Stockholders' Equity Note [Abstract]  
STOCK OFFERING

7. STOCK OFFERING

 

On February 26, 2016, we entered into definitive stock purchase agreements with certain institutional and accredited investors. In conjunction with this stock offering we issued 8,027,900 shares of our common stock and non-transferable options for 3,567,956 shares of our common stock for aggregate net proceeds of $15.2 million. Each option was exercisable for $2.50 per share and they all expired on March 22, 2017.