Note 11 – Subsequent Events

Management has evaluated subsequent events to determine if events or transactions occurring through the date on which the condensed financial statements were issued require adjustment or disclosure in the Company’s condensed financial statements.

Subsequent to June 30, 2021, the Company sold 1,003,234 shares of its common stock under its ATM program for proceeds of $2,023,897, net of commissions. Also, subsequent to June 30, 2021, the Company issued 173,540 shares of common stock for sales that occurred in June 2021 under the Company’s ATM program (see Note 7 At-the-Market Offering). The Company received proceeds of $239,067, net of commissions, upon issuance of those shares.

Subsequent to June 30, 2021, a total of 133,382 stock options were exercised for cash proceeds of $130,682.

Subsequent to June 30, 2021, a total of 811,750 warrants were exercised for cash proceeds of $1,168,920.

Subsequent to June 30, 2021, the Company issued 17,662 shares of common stock at a price of $0.95 pursuant to its Employee Stock Purchase Plan (the “ESPP”). One officer of the Company participated in the ESPP.