Subsequent Events |
9 Months Ended |
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Sep. 30, 2021 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
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.
On November 1, 2021, the Company completed an underwritten public offering of its securities (the “Public Offering”) pursuant to which it sold 20,833,334 shares of its common stock and warrants to purchase up to 20,833,334 shares of common stock for proceeds of $13,800,000, net of commissions and professional fees of approximately $1,200,000. The warrants issued in the Public Offering were immediately exercisable and have a term of five years and a per share exercise price of $0.72.
Subsequent to September 30, 2021, a total of 195,000 stock options were exercised for cash proceeds of $50,700. |
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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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