SUBSEQUENT EVENTS |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 | ||
| Subsequent Events [Abstract] | ||
| Subsequent Events [Text Block] |
15. SUBSEQUENT EVENTS
In January 2018, the Company began implementing the shutdown of its manufacturing operations at the headquarters in Madison, Wisconsin as part of its plan to transfer finished product manufacturing to a third party manufacturer with the capacity to provide FDA approved commercial grade and pivotal trial finished product. The company also anticipates a reduction in its fixed costs and overall expenditures. It is anticipated that the shutdown will be completed in the first half of 2018. On January 3, 2018, the Company notified affected employees of its plan to reduce its workforce by six positions. The workforce reduction will primarily occur in the quarter ending March 31, 2018. On January 3, 2018, the Company informed the landlord that it was not extending the lease for an additional two-year term but instead intends to de-commission and vacate the premises on or before September 14, 2018. |