Stockholders' Equity

9 Months Ended

Sep. 30, 2024

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 9

Stockholders’ Equity:

In October 2021, the Company entered into an equity distribution agreement under which the Company may sell up to $11,000 of its shares of common stock in registered “at-the-market” offerings. The shares will be offered at prevailing market prices, and the Company will pay commissions of up to 3.0% of the gross proceeds from the sale of shares sold through the Company’s agent, which may act as an agent and/or principal. The Company has no obligation to sell any shares under this agreement and may, at any time, suspend solicitations under this agreement.

In July 2024, the Company sold 665,136 shares of its common stock under the equity distribution agreement at an average purchase price of $3.16 per share for total gross and net proceeds of approximately $2,100 and $1,943, respectively. As of September 30, 2024, the Company may sell up to an additional $8,900 of its shares of common stock under the equity distribution agreement.