Annual report pursuant to Section 13 and 15(d)

Note 19 - Subsequent Events

Note 19 - Subsequent Events
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

19. Subsequent Events


On January 10, 2024, the Company entered into a securities purchase agreement with certain institutional investors to sell an aggregate of 2,968 shares of the Company’s common stock, in a registered direct offering (the “Offering”) at an offering price of $1.55 per share. The net proceeds of the Offering were approximately $3,910 after deducting placement agent fees and estimated offering expenses paid by the Company. The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include research and development activities, selling, general and administrative costs, strategic initiatives and to meet working capital needs.