SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2021

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 9 — SUBSEQUENT EVENTS

We have evaluated subsequent events occurring after March 31, 2021 and based on our evaluation we did not identify any events that would have required recognition or disclosure in these financial statements, except for the following.

On May 10, 2021, the board of directors authorized the redemption of all 90,000 shares of the outstanding Series A Convertible Preferred Stock on May 25, 2021, the redemption date, at a per share price of $15.5356. The Preferred Stock may be converted to common stock at the option of the holder at any time prior to the redemption date. The maximum aggregate redemption price payable in cash on the redemption date is $1,398,000.