Subsequent Events |
12 Months Ended |
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Dec. 31, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 16 - SUBSEQUENT EVENTS
As described in Note 11(f), under the ATM Agreement, Wainwright may sell shares through transactions classified as “at the market” offerings, as defined in Rule 415 under the Securities Act, as amended, or through other legally permitted methods, including privately negotiated transactions.
On January 2, 2025, the Company sold 878,000 shares of common stock under the ATM Agreement, generating gross proceeds of approximately $1.33 million. The related offering costs amounted to $0.04 million. In addition, in March 2025, we increased the at-the-market equity program by an additional $1.3 million. |
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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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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