ISSUANCE OF COMMON STOCK

12 Months Ended

Dec. 31, 2021

Issuance Of Common Stock

ISSUANCE OF COMMON STOCK

9. 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 after deducting underwriting discounts and commissions paid by the Company. Direct offering costs totaling approximately $141 were recorded as a reduction to the net proceeds and included in additional paid-in-capital on the statement of stockholders’ equity.