| | |
Per Share and
Accompanying Investor Warrant |
| |
Total
|
| ||||||
Offering price
|
| | | $ | 0.45 | | | | | $ | 5,000,002.20 | | |
Placement agent fees(1)
|
| | | $ | 0.036 | | | | | $ | 400,000.17 | | |
Proceeds, before expenses, to us(2)
|
| | | $ | 0.414 | | | | | $ | 4,600,002.03 | | |
| | | | | S-ii | | | |
| | | | | S-iv | | | |
| | | | | S-1 | | | |
| | | | | S-3 | | | |
| | | | | S-5 | | | |
| | | | | S-10 | | | |
| | | | | S-11 | | | |
| | | | | S-12 | | | |
| | | | | S-13 | | | |
| | | | | S-14 | | | |
| | | | | S-17 | | | |
| | | | | S-19 | | | |
| | | | | S-19 | | | |
| | | | | S-19 | | | |
| | | | | S-19 | | |
| | | | | ii | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 8 | | | |
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| | |
As of September 30, 2019
|
| |||||||||
(In thousands, except per share information)
|
| |
Actual
|
| |
As adjusted
for this offering |
| ||||||
Cash and cash equivalents
|
| | | $ | 8,058 | | | | | $ | 12,468 | | |
Long-term debt, net
|
| | | $ | 3,305 | | | | | $ | 3,305 | | |
Stockholders’ equity
|
| | | | | | | | | | | | |
Convertible preferred stock, $0.001 par value; 10,000 shares authorized; none
issued and outstanding |
| | | | — | | | | | | — | | |
Common Stock, $0.001 par value; 141,429 shares authorized; 74,953 shares issued and outstanding, actual, 86,064 shares issued and outstanding, as adjusted
|
| | | | 75 | | | | | | 86 | | |
Additional paid-in capital
|
| | | | (186,629) | | | | | | (191,028) | | |
Accumulated other comprehensive income (loss)
|
| | | | (274) | | | | | | (274) | | |
Accumulated deficit
|
| | | | (180,557) | | | | | | (180,557) | | |
Total stockholders’ equity
|
| | | | 6,421 | | | | | | 10,831 | | |
Total capitalization
|
| | | $ | 9,726 | | | | | $ | 14,136 | | |
|
Offering price per share and accompanying warrant(1)
|
| | | | | | | | | $ | 0.45 | | |
|
Historical net tangible book value per share as of September 30, 2019
|
| | | $ | 0.08 | | | | | | | | |
|
Increase per share attributable to new investors
|
| | | $ | 0.04 | | | | | | | | |
|
As adjusted net tangible book value per share as of September 30, 2019, after giving effect to this offering
|
| | | | | | | | | $ | 0.12 | | |
|
Dilution per share to new investors purchasing our Common Stock and warrants in this offering
|
| | | | | | | | | $ | 0.33 | | |
| | |
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