Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2016
Changes in Issued and Outstanding Common Stock

The changes in issued and outstanding common stock for the nine months ended September 30, 2016 were as follows:

 

     Shares  

Balance at January 1, 2016

     15,964,503   

Shares issued for stock-based compensation

     311,627   

Shares issued in public offering (1)

     3,191,250   

Shares issued in private placement offering (2)

     172,413   

Shares issued for contingent consideration and acquisition

     1,203,821   
  

 

 

 

Balance at September 30, 2016

     20,843,614   
  

 

 

 

 

(1) During the second quarter of 2016, we completed an underwritten public offering of our common stock at an offering price of $5.25 per share. Net proceeds of the offering were $15.2 million, which were used to fund the cash portion of the TNT acquisition (see Note 2), to pay down bank debt and for general corporate purposes.
(2) During the second quarter of 2016, we sold shares for $1.0 million in a private placement to one of our distributors. Net proceeds were used for general corporate purposes.