COMMON STOCK |
9 Months Ended |
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Sep. 30, 2022 | |
| Equity [Abstract] | |
| COMMON STOCK |
9. COMMON STOCK
The Company’s common stock activity for the nine months ended September 30, 2022, was as follows:
During the nine months ended September 30, 2022, the Company issued shares of common stock as part of the April Registered Direct Offering, which resulted in proceeds of $10,242, net of offering costs of $758.
During the nine months ended September 30, 2022, the Company issued shares of common stock pursuant to the January Purchase Agreement, which resulted in proceeds of $9,836, net of offering costs of $197. In addition, the Company issued shares of common stock as a commitment fee in connection with the consummation of the transactions contemplated by the January Purchase Agreement.
During the nine months ended September 30, 2022, the Company issued shares of common stock to certain employees and vendors for services rendered and to be rendered with an aggregate grant date fair value of $1,461. These shares of common stock were valued based on the closing price of the Company’s common stock on the date of the issuance or the date the Company entered into the agreement related to the issuance.
During the nine months ended September 30, 2022, the Company issued shares of common stock to the Company’s Chief Executive Officer in lieu of the cash payment of a bonus accrued in a prior year, with an aggregate grant date fair value of $100 based on the closing price of the Company’s common stock on the date of issuance.
During the nine months ended September 30, 2022, the Company issued shares of common stock to the Company’s former Chief Financial Officer as part of a separation agreement, with an aggregate grant date fair value of $277 based on the closing price of the Company’s common stock on the date of issuance.
During the nine months ended September 30, 2022, the Company issued shares of common stock to certain officers, employees and directors associated with the vesting of restricted stock units.
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