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Issuance of Common Stock
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Issuance Of Common Stock

10. ISSUANCE OF COMMON STOCK

 

On June 23, 2020, the Company completed a public offering of 1,769,230 shares of its common stock, offered to the public at $6.50 per share. Net proceeds to the Company from this offering were approximately $10,710,000 after deducting underwriting discounts and commissions paid by the Company. Direct offering costs totaling approximately $141,000 were recorded as a reduction to the net proceeds and included in additional paid-in-capital on the statement of stockholders’ equity.