Stockholders' Equity

6 Months Ended

Jun. 30, 2017

10.

Stockholders’ Equity

Public Offering – In June 2017, the Company issued 1,500,000 shares of its Common Stock at $5.00 per share through the June Offering. The Company incurred $1,388,615 in issuance costs from the June Offering, and also issued warrants valued at $55,475 to the underwriters (see Note 9).

In connection with the June Offering, the Company issued 1,801,670 shares of its Common Stock, upon conversion on all of the outstanding Series A Convertible Preferred Stock.

Also in connection with the June Offering, the Company issued a total of 516,667 shares of its Common Stock, upon conversion of an aggregate amount of $1,937,500 of the 2016 Debentures.