Stockholders' Equity

9 Months Ended

Sep. 30, 2023

Stockholders’ Equity [Abstract]

Stockholders' Equity

Note 6. Stockholders’ Equity

Overview

Preferred Stock

The Company’s current Certificate of Incorporation authorizes the issuance of preferred stock. The total number of shares of preferred stock which the Company is authorized to issue is 10,000,000, with a par value of $0.00001 per share. As of September 30, 2023 and December 31, 2022 there were no preferred shares issued or outstanding.

Common Stock

The Company’s current Certificate of Incorporation authorizes the issuance of common stock. The total number of shares which the Company is authorized to issue is 100,000,000, with a par value of $0.00001 per share. As of September 30, 2023 and December 31, 2022 there were 11,714,284 common shares issued or outstanding.

Warrants

There were warrants exercisable for 18,436 shares of the Company’s common stock outstanding as of September 30, 2023. There were no warrants granted, exercised, or forfeited during both the three and nine months ended September 30, 2023 and 2022. The Company’s warrants are divided into two sets. One set of warrants has an exercise price of $9.89 with expiration date of September 22, 2030. The remaining set has an exercise price of $12.50 with an expiration date of February 16, 2026.