Shareholders' Equity

9 Months Ended

Sep. 30, 2020

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 11 – Shareholders’ Equity

Equity Raises

On June 10, 2020, the Company filed a prospectus supplement to update and amend the aggregate amount of shares it may sell pursuant to the At Market Offering Agreement, dated November 22, 2019, as amended from time to time, between the Company and H.C. Wainwright & Co., LLC. This amendment allowed for additional shares to be sold up to an additional dollar amount of$7.29 million.

During the nine months ended September 30, 2020 the Company raised $9.8 million, net of offering expenses, through the sale of shares under the ATM facility including $6.5 million during the third quarter of 2020 which represented the remaining amount available under the facility. The Company intends to use the net proceeds from sales made under the ATM offering for working capital and other general corporate purposes.