Note 10 - Shareholders' Equity |
9 Months Ended | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2020 | |||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||
| Stockholders' Equity Note Disclosure [Text Block] |
Authorized capital stock The Company has authorized share capital of an unlimited number of voting common shares and the shares do not have a stated par value.Common shareholders are entitled to receive dividends as declared by the Company, if any, and are entitled to one vote per share at the Company's annual general meeting and any special meeting.Equity issued during the nine months ended September 30, 2020
On August 10, 2020, we issued and sold an aggregate 4,600,000 common shares in a public, underwritten offering at a public offering price of $5.00 per share. As a result of the offering, we received gross proceeds of $23.0 million, which resulted in net proceeds to us of approximately $21.2 million, after deducting the underwriting discount and offering expenses.On February 13, 2020, we issued and sold an aggregate of 2,125,000 common shares in a public, underwritten offering at a public offering price of $4.00 per share. As a result of the offering, we received gross proceeds of $8.5 million, which resulted in net proceeds to us of approximately $7.7 million, after deducting the underwriting discount and offering expenses.On September 11, 2020, we issued a warrant to purchase up to 10,000 common shares at an exercise price equal to $4.00 per share to Craig-Hallum Capital Group LLC in consideration for certain strategic advisory services. The warrant is exercisable until October 1, 2024, unless terminated earlier pursuant to the terms thereof.During the nine months ended September 30, 2020,
7,200 common shares were issued on the exercise of options for gross proceeds of $16,000 and no warrants were exercised.Equity issued during the nine months ended September 30
, 2019
During the nine months ended September 30, 2019,
50,000 common shares were issued on the exercise of options for gross proceeds of $75,000 and no warrants were exercised.Shares reserved Common shares reserved for future issuance are as follows:
|
||||||||||||||||||||||||||||||||