NOTE 9. STOCKHOLDERS’ EQUITY

Common Stock Issuances

In the first quarter of 2019, the Company issued an aggregate of 662,000 shares of its common stock, which were sold pursuant to the Equity Distribution Agreement that was entered into between the Company and JMP Securities LLC in June 2018. The Company received net proceeds from such sales of $4,160 after deducting expenses of $178.

In January 2019, the Company issued 6,482 shares of common stock to the former stockholder of Performance Bridge. See Note 3 for additional information.

In March 2019, the Company issued 108,469 shares of common stock to the former stockholders of Machine Box. See Note 3 for additional information.

In the three months ended March 31, 2019, the Company issued an aggregate of 85,017 shares of its common stock in connection with the exercise of stock options and purchases under its Employee Stock Purchase Plan (the “ESPP”).

Common Stock Warrants

As of March 31, 2019 and December 31, 2018, the Company had outstanding warrants to purchase an aggregate of 1,297,151 shares of the Company’s common stock.