, 2019, the Company entered into subscription agreements with certain investors for the sale of 19,100,333 shares of common stock at purchase $0.40 per share in registered direct pursuant to a registration statement on investors in offering also received warrants to purchase 11,987,250 shares of common stock with an exercise price of $0.45 per share and a -year term. The Company received net proceeds from the offering of approximately $ million. In addition, the placement agent received warrants covering 655,305 shares of common stock (or 1.3% of total shares sold to investors) with per share exercise $0.40 , a -year term and a cashless exercise provision.