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Note 11 - Stockholders' Equity
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
Note
1
1
. Stockholders
Equity
 
Common Stock and Preferred Stock
 
We are authorized to issue
160.0
million shares of our common stock, par value
$0.0013,
and
20.0
million shares of preferred stock, par value
$0.001.
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 filed a shelf registration statement that permitted: (a) the offering, issuance and sale of up to a maximum aggregate offering price of
$250.0
million of our common stock, preferred stock, debt securities, warrants, rights and/or units; and (b) as part of the
$250.0
million, the offering, issuance and sale by us of up to a maximum aggregate offering price of
$75.0
million of our common stock under our sales agreement with Cantor Fitzgerald & Co. (“Cantor”) in
one
or more at-the-market (“ATM”) offerings (the
“2017
Sales Agreement”).
 
In
October 2018,
we filed a new shelf registration statement. The new shelf registration replaced our prior shelf registration statement, pursuant to which
no
additional securities will be offered or sold. The new shelf registration statement permits: (a) the offering, issuance and sale of up to a maximum aggregate offering price of
$250.0
million of our common stock, preferred stock, debt securities, warrants, rights and/or units; and (b) as part of the
$250.0
million, the offering, issuance and sale by us of up to a maximum aggregate offering price of
$75.0
million of our common stock under our sales agreement with Cantor in
one
or more ATM offerings.
 
In addition, in
October 2018
we entered into a new sales agreement with Cantor, as sales agent, which replaced the
2017
Sales Agreement (the
“2018
Sales Agreement”). Pursuant to the
2018
Sales Agreement, 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. The
2018
Sales Agreement
may
be terminated by Cantor or us at any time upon
ten
days’ notice, or by Cantor at any time in certain circumstances, including the occurrence of a material adverse change in our business or financial condition.