Subsequent Event |
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Mar. 31, 2017 | |||||
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On April 21, 2017, the Company filed a registration statement on Form S-1 with the Securities and Exchange Commission in anticipation of a possible future equity financing transaction. The Company cannot make any assurances as to the timing, size or other material terms of such transaction or if it will proceed with or complete such a transaction.
On April 12, 2017, the Company received a notice from NASDAQ notifying the Company that as of April 5, 2017, it was not in compliance with NASDAQ Listing Rule 5550(b)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has a period of 180 calendar days, or until October 2, 2017, to regain compliance.
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- References No definition available.
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- Definition 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. No definition available.
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