SUBSEQUENT EVENTS |
6 Months Ended | ||
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Jun. 30, 2021 | |||
| Subsequent Events [Abstract] | |||
| SUBSEQUENT EVENTS |
Sale of net operating losses (NOLs)
In July 2021, the Company received approximately $0.7 million in cash through the sale of approximately $8.7 million of its NOLs as part of the state of New Jersey’s technology business tax certificate transfer (NOL) program.
Strategic Review
In April 2021, we announced that we initiated a full review of a broad range of alternatives to enhance shareholder value. As part of this process, we are considering strategic, financial and operational alternatives involving the Company. Guggenheim Securities, LLC is serving as a strategic advisor in this process. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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