Subsequent Event - Reverse Stock Split |
3 Months Ended | |
|---|---|---|
Mar. 31, 2016 | ||
| Subsequent Events [Abstract] | ||
| Subsequent Events [Text Block] |
15. Subsequent Event Reverse Stock Split
After the close of the stock market on May 4, 2016, the Company effected a 1-for-7 reverse split of its common stock in preparation for its planned application for listing of its common stock on the NASDAQ Capital Market. The reverse stock split was approved by the Company’s board of directors and is intended to allow the Company to meet the minimum share price requirement for listing on the NASDAQ Capital Market. However, there can be no assurance that the Company’s listing application will be approved by NASDAQ. As a result, all common stock share amounts included in this filing have been retroactively reduced by a factor of seven, and all common stock per share amounts have been increased by a factor of seven, with the exception of our common stock par value. Amounts affected include common stock outstanding, including those that have resulted from the conversion of preferred stock, stock options, and warrants that convert to common stock. |