Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Debt

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Note 4 - Debt
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Debt Disclosure [Text Block]
Note
4.
   Debt
 
In
October 2014,
we entered into an agreement to refinance and amend the terms of our
March 2013
loan and security agreement. In conjunction with the loan amendment, we issued the lender a
five
-year common stock purchase warrant to purchase
5,784
shares of common stock at an exercise price of
$34.58
per share. The warrant contains standard anti-dilution protection but does
not
contain any anti-dilution price protection for subsequent offerings and is classified in equity.
 
We also incurred expenses with various
third
parties in connection with the loan amendment, consisting of approximately
$86,000
in cash,
2,163
shares of common stock valued at approximately
$80,000,
and a
three
-year common stock purchase warrant to purchase
4,475
shares at an exercise price of
$34.58
per share. The warrant has terms substantially similar to the lender warrant and is classified as equity.
 
The amended loan was paid off in its entirety in
April 2017,
pursuant to its terms.