Note 10 - Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

10

. Stockholders’ Equity

Common Stock and Preferred Stock

We are authorized to issue

160

million shares of our common stock, par value

$.0013,

and

20

million shares of preferred stock, par value

$.001.

The Board of Directors (the “Board”) has the authority to issue common and preferred shares, in series, with rights and privileges as determined by the Board.

Shelf Registration

During the

first

quarter of

2017,

we established a

$250

.0

million replacement shelf registration statement. All sales of shares have been and will continue to be made pursuant to an effective shelf registration statement on Form S-

3

filed with the U.S. Securities and Exchange Commission. In addition, in

January 2017

we entered into a Sales Agreement with Cantor, as sales agent, pursuant to which we

may

offer and sell through Cantor, from time to time, shares of our common stock up to an aggregate offering price of

$75.0

million.

During the

fourth

quarter of

2017,

we sold a total of

854,606

shares of our common stock in at-the-market transactions under the Sales Agreement for net proceeds, after deducting commissions and other transaction costs, of approximately

$5.0

million at an average selling price of

$6.06

per share. At

December 31, 2017,

we had

320,182

shares of our common stock subscribed in at-the-market transactions under the Sales Agreement for net proceeds, after deducting commissions and other transaction costs, of approximately

$2.1

million at an average selling price of

$6.79

per share. Accordingly, we have recorded a subscription receivable of

$2.1

million

as a reduction of stockholders’ equity in our consolidated balance sheet at

December 31, 2017.

Accumulated Other Comprehensive Loss

(“AOCL”)

The following table summarizes the components of AOCL at

December 31, 2017:

	Foreign Currency Translation			AOCL
Balance at January 1, 2017	$	(85	)	$	(85	)
Foreign currency translation adjustment		52			52
Balance at December 31, 2017	$	(33	)	$	(33	)

We did

not

have any reclassifications out of AOCL to losses during

2017.