Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.20.2
Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

15. SUBSEQUENT EVENTS

 

During July 2020, the Company sold 1,104,000 shares of its Series A Preferred Stock and received net proceeds of approximately $25.6 million, after issuance expenses. As noted in Note 6, the balance on the line of credit of $9,750,000 was repaid in July.