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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

 

On July 21, 2021, the Company entered into a securities purchase agreement with an investor, pursuant to which the Company sold 35,385,704 shares of common stock and issued a warrant to purchase 35,385,704 shares of common stock, for consideration of $1,000, less $10 for the investor’s legal, due diligence and other transactional expenses. Subject to the terms and adjustments in the warrant, the warrant is exercisable at an initial price of $0.05 per share, for five years from July 21, 2021.

 

On July 27, 2021, the holder of the December 2020 Note (see Note 5) converted the remaining principal of $110 and accrued interest of $11 into 6,673,384 shares of common stock. Following this conversion, the outstanding principal balance of the December 2020 note is zero.