Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS EQUITY

v3.21.2
STOCKHOLDERS EQUITY
9 Months Ended
Sep. 30, 2021
Stockholders' Equity Attributable to Parent [Abstract]  
STOCKHOLDERS EQUITY STOCKHOLDERS EQUITYOn December 8, 2020, the Company entered into an SPA with Tumim to issue and sell up to $10.0 million in shares of the Company's common stock. The SPA provides, among other things, that the Company may direct, every three trading days, Tumim to purchase a number of shares not to exceed an amount determined based upon the trading volume and stock price of the Company's shares. During the three and nine months ended September 30, 2021, the Company sold 1,483,632 and 9,279,988 shares of common stock pursuant to the SPA and recognized proceeds of $0.4 million and $4.3 million, respectively. As of November 12, 2021, the Company had sold 741,816 additional shares of common stock and recognized proceeds of $0.2 million under the SPA since the quarter ended September 30, 2021. The Company and Tumim mutually agreed to terminate the SPA, effective November 15, 2021.