Note 8 - Stockholders' Equity |
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Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | NOTE 8. STOCKHOLDERS' EQUITYEquity Line Agreement. December 12, 2017, the Company entered into an amended and restated equity line agreement with Mountain States Capital, LLC (MSC). Under the equity line agreement, MSC agreed to provide the Company with up to $10,000,000 of funding through the purchase of shares of the Company's common stock.The equity line agreement expired on August 14, 2019. During the three months ended December 31, 2018, we sold 311,816 shares of common stock pursuant to the equity line agreement and received $650,000 in cash from the sale of these sharesStock Options . There was no stock option activity for the nine months ended June 30, 2020. Stock option details are as follows:
Stock option-based compensation expense associated with stock options was $165,099 and $0 for the nine months ended June 30, 2020 and 2019, respectively. At June 30, 2020, the remaining unrecognized stock-based compensation associated with stock options is $75,503. These expenses are expected to be recognized over a remaining weighted average period of 1.75 years.Warrants. no warrant activity for the nine months ended June 30, 2020. Warrant details are as follows:
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