XML 28 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 10. Subsequent Events


Sales Pursuant to FBR At Market Issuance Sales Agreement


From July 1, 2020 through August 10, 2020, the Company issued 1,252,287 shares of common stock pursuant to the FBR Sales Agreement at a weighted average price of $2.58 per share for total proceeds of $3,231,319.


Office Lease Amendment


The Company currently leases approximately 6,200 square feet of office space at 29 Emmons Drive, Suite B-10 in Princeton, New Jersey. This office space currently serves as the Company’s corporate headquarters. Pursuant to an amendment on July 7, 2020, the lease has been extended from November 2020 to October 2022. The current rent of $11,883 per month, or approximately $23.00 per square foot will be reduced to $21.50 per square foot, making the monthly payment $10,850 starting in November 2020.