Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 9 – 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, 2022, the Company granted stock options to purchase a total of 0.2 million shares of the Company’s common stock with an exercise price of $0.197 per share. The stock options have a term of ten years with vesting over a four-year period.

 

Subsequent to June 30, 2022, the Company issued 168,138 shares of common stock at a price of $0.1488 per share pursuant to its Employee Stock Purchase Plan (the “ESPP”). Two officers of the Company participated in the ESPP.

 

Subsequent to June 30, 2022, warrants to purchase 130,000 shares of the Company’s common stock expired.