COMMITMENTS AND CONTINGENCIES |
6 Months Ended | |
---|---|---|
Jun. 30, 2022 | ||
Commitments and Contingencies Disclosure [Abstract] | ||
COMMITMENTS AND CONTINGENCIES |
From time to time, the Company may be involved in litigation in the ordinary course of business. The Company is not currently involved in any litigation that the Company believes could have a material adverse effect on its financial condition or results of operations.
Executive Employment Agreements
On January 18, 2022, the Company entered into an employment agreement with Mr. Channing Chen, CFO, providing for an annual salary of $200,000 per year. As part of the agreement, the Company issued Mr. Chen options exercisable at $ per share for years. The options, valued at approximately $ , vest monthly over 36 months upon issuance. |