Capital Stock

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Capital Stock

5. Capital Stock

Private Placement

On April 12, 2023 and on March 31, 2023, the Company entered into Securities Purchase Agreements, each a Purchase Agreement, with new and existing investors, the Investors, pursuant to which the Investors agreed to purchase in a private placement an aggregate of 1,000,967 shares of common stock for the aggregate purchase price of approximately $6 million with a purchase price per unit of $6.00.

The Company had 1,113,622 warrants to purchase common stock outstanding as of September 30, 2023 with a weighted-average exercise price of $4.69.