|12 Months Ended|
Dec. 31, 2019
|Subsequent Events [Abstract]|
15. Subsequent Event
In February 2020, the Board of Directors of the Company approved a
reverse stock-split of the Company’s outstanding shares of common stock, warrants and options outstanding and available for future issuance. The stock split became effective on February 3, 2020. Accordingly, all share and per share amounts for all periods presented in the accompanying financial statements and notes thereto have been retroactively adjusted, where applicable, to reflect this reverse stock split. Shares of common stock underlying outstanding stock options and other equity instruments were proportionately decreased and the respective per share value and exercise prices, if applicable, were proportionately increased in accordance with the terms of the agreements governing such securities. In addition, the Board of Directors approved a decrease in the number of authorized shares of common stock from 200,000,000 shares to 125,000,000 shares.
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://fasb.org/us-gaap/role/ref/legacyRef