Common Stock

6 Months Ended

Jun. 30, 2020

Stockholders Equity Note [Abstract]

Common Stock

NOTE 12. COMMON STOCK

During the second quarter of 2020, the Company entered into four separate sales agency agreements under which the sales agents may offer and sell new shares of the Company’s common stock from time to time. The Company issued 0.6 million shares during the three and six months ended June 30, 2020, under the new sales agency agreements. These agreements provide for the offering of a maximum of approximately 3.2 million shares, of which approximately 2.6 million remain unissued as of June 30, 2020. Prior to the new agreements, the Company was party to four separate sales agency agreements that expired on February 29, 2020. The Company did not issue any shares under the expired agreements in 2020.