|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
12. Subsequent Events
On July 25, 2017, the Company completed an underwritten public offering of 32,000,000 shares of its common stock and warrants to purchase an additional 16,000,000 shares of its common stock at an exercise price of $1.55 per share. The public offering price was $1.25 per share of common stock and accompanying warrant, resulting in net proceeds to the Company of approximately $36.9 million after underwriting discounts and commissions and offering expenses payable by the Company.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef