XML 27 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Note 11 – 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.

 

On November 1, 2021, the Company completed an underwritten public offering of its securities (the “Public Offering”) pursuant to which it sold 20,833,334 shares of its common stock and warrants to purchase up to 20,833,334 shares of common stock for proceeds of $13,800,000, net of commissions and professional fees of approximately $1,200,000. The warrants issued in the Public Offering were immediately exercisable and have a term of five years and a per share exercise price of $0.72.

 

Subsequent to September 30, 2021, a total of 195,000 stock options were exercised for cash proceeds of $50,700.