JULY 2016 REGISTERED DIRECT OFFERING

12 Months Ended

Dec. 31, 2018

July 2016 [Member]

Subsidiary, Sale of Stock [Line Items]

JULY 2016 REGISTERED DIRECT OFFERING

NOTE 5. – JULY 2016 REGISTERED DIRECT OFFERING

On July 27, 2016, the Company closed a registered direct offering of common stock and warrants consisting of 6,172,840 shares of the Company’s common stock and warrants to purchase 7,043,211 shares of the Company’s common stock. The common stock and warrants were sold for $0.81 per unit, resulting in net proceeds to the Company in the amount of $4,682,764, after deducting expenses associated with the transaction. All the warrants issued in the offering were exercised as described in Note 3 above.