Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.7.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2017
Stockholders' Equity [Abstract]  
Schedule of changes in stockholders' equity
          Additional           Total  
    Common Stock     Paid in     Accumulated     Stockholders’  
(In thousand $)   Shares     Amount     Capital     deficit     equity  
Balance at December 31, 2016     5,344,372     $ 5     $ 33,099     $ (27,786 )   $ 5,318  
Net proceeds from sale of common stock     500,000       1       1,925       -       1,926  
Stock-based compensation expense     -       -       82       -       82  
Net loss     -       -       -       (2,223 )     (2,223 )
Balance at June 30, 2017     5,844,372     $ 6     $ 35,106     $ (30,009 )   $ 5,103  
Schedule of periodical gross proceeds from private placements
(In thousand $)         Gross  
Date   Shares     Proceeds  
March 6, 2016     1,500,000 (1)   $ 5,250  
February 8, 2017     500,000 (2)     2,125  
      2,000,000     $ 7,375  

 

(1) Shares issued pursuant to the closing of the first tranche of the Financing with RENS Technology Inc.
(2) Shares issued pursuant to a registered direct offering with an institutional investor.