XML 23 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events  
8. Subsequent Events

Subsequent Events.

On July 2, 2021, the Company issued Note #18.21 for a short-term loan for working capital purposes from Ainos KY in the amount of $54,000. The Note is payable on January 2, 2022, or on demand and bears interest at the AFR short-term rate of 1.85%. The note has a maximum limit of $54,000 whereby the Company promises to repay the aggregate Principal Amount to date up to the stated maximum amount at Maturity. The Note may be convertible in whole or in part at a conversion price of $0.20 per share.

 

On July 30, 2021, the Company issued 20,000 shares of common stock to Ya-Ju (Maggie Wang), previously a branch manager of the Company’s Taiwan branch office. The Company received payment of $7,600 ($0.38 per share) in accordance to a Stock Option Agreement associated with the Company’s 2018 Employee Stock Option Plan.

 

On July 30, 2021, the Company issued 150,400 shares of common stock to Daniel Fisher, previously a Company board director. The Company received payment of $57,152 ($0.38 per share) in accordance to a Stock Option Agreement associated with the Company’s 2018 Employee Stock Option Plan.

 

On August 11, 2021, the Company Board of Directors approved the resignation of Mr. Chun-Hsien Tsai as Chief Financial Officer (CFO) and the vacancy was filled by his successor, Ms. Hui-Lan (Celia) Wu, who was elected to serve as the CFO of the Company.

  

Note #18.21 is un-secured and due on demand. All shares issued on conversion are to be restricted subject to Rule 144 promulgated under the U.S. Securities Act of 1933. The Company may prepay the notes in whole or in part at any time without penalty. The convertible promissory note due to Ainos KY is a related party note.