XML 47 R36.htm IDEA: XBRL DOCUMENT v3.7.0.1
Shareholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended
Jan. 03, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Shareholders' Equity (Textual)          
Preferred stock, shares authorized     350,000   350,000
Preferred stock, shares issued      
Preferred stock, shares outstanding      
Common stock purchase agreement, description     Equity line expiring in March 2019    
Lincoln Park [Member]          
Shareholders' Equity (Textual)          
Value of shares issued   $ 12.0      
Number of shares issued as commitment fee   10,000      
Maximum additional commitment shares upon relative proportion of purchases compared   50,000      
Relative proportion of the aggregate amount   $ 12.0      
Common stock purchase agreement, description       The Company entered into a common stock purchase agreement with Lincoln Park. The 2016 Lincoln Park equity facility allows the Company to require Lincoln Park to purchase up to 10,000 shares ("Regular Purchase") of the Company's common stock every two business days, up to an aggregate of $12.0 million over approximately a 36-month period with such amounts increasing as the quoted stock price increases. The Regular Purchase may be increased up to 15,000 shares of common stock if the closing price of the common shares is not below $10.00, up to 20,000 shares of common stock if the closing price of the common shares is not below $15.00 and up to 25,000 shares of common stock if the closing price of the common shares is not below $20.00. The purchase price for the Regular Purchase shall be equal to the lesser of (i) the lowest sale price of the common shares during the purchase date, or (ii) the average of the three lowest closing sale prices of the common shares during the twelve business days prior to the purchase date. Each Regular Purchase shall not exceed $750,000. Furthermore, for each purchase by Lincoln Park, additional commitment shares in commensurate amounts up to a total of 50,000 shares will be issued based upon the relative proportion of the aggregate amount of $12.0 million. In addition to the Regular Purchase and provided that the closing price of the common shares is not below $7.50 on the purchase date, the Company in its sole discretion may direct Lincoln Park on each purchase date to purchase on the next stock trading day (Accelerated Purchase Date") additional shares of Company stock up to the lesser of (i) three times the number of shares purchased following a Regular Purchase or (ii) 30% of the trading volume of shares traded on the Accelerated Purchase Date at a price equal to the lesser of the closing sale price on the Accelerated Purchase Date or 95% of the Accelerated Purchase Date's volume weighted average price.  
Issuance of common stock to vendor, shares 25,000        
Fair value of fully vested shares, per share $ 2.37        
Available from an equity line $ 10.3        
Common Stock [Member]          
Shareholders' Equity (Textual)          
Issuance of common stock to vendor, shares     2,500