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Equity Transactions
12 Months Ended
Dec. 31, 2023
Equity Transactions [Abstract]  
Equity Transactions

9) Equity Transactions

 

The company has made a private placement of 393,000 shares of its common stock, a Pre-Funded Warrant to purchase 216,756 shares of the Company’s common Stock and Preferred Investment Options to purchase up to an aggregate of 609,756 shares of common stock pursuant to the terms and conditions of the Securities Purchase Agreement, dated as of July 10, 2022. The Purchaser paid $10.66 for each Share and $10.65 for each Warrant Share.

 

The Purchaser also received the Preferred Investment Options. The aggregate gross proceeds to the Company from the Private Placement were approximately $6,500, before deducting placement agent fees and other offering expenses. The net proceeds from the private placement amounts to $5,888.

 

The Company repurchased its common shares in the following months as part of share repurchase program announced on June 21, 2022.

 

Month  Shares
purchased
   Average cost
per share
   Amount 
July, 2022   5,417   $8.0   $43 
August, 2022   2,892    5.2    15 
September, 2022   6,337    5.0    32 
October, 2022   5,899    3.4    20 
November, 2022   17,137    1.9    31 
December, 2022   
    
    
 
Total   37,682   $6.2   $141 

 

There have not been any repurchase of shares during the year 2023