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Accrued Compensation
6 Months Ended
Jun. 30, 2022
Compensation Related Costs [Abstract]  
ACCRUED COMPENSATION

6. ACCRUED COMPENSATION

 

During the period ended June 30, 2022 the Company made certain leadership changes to better align with the Company’s operating goals, including advertising and marketing plans, as well as cash preservation initiatives. As of June 30, 2022 accrued compensation primarily related to unpaid amounts related to the following transitions.

 

On June 8, 2022, the Chief Executive Officer’s employment with the Company ended. This individual continues to serve as a member of the Company’s Board of Directors. Effective June 13, 2022, the Company’s Board of Directors appointed Rick Nechio, the Company’s current President, to serve as interim Chief Executive Officer.

 

Effective June 24, 2022, the Chief Financial Officer of the Company resigned. Effective June 30, 2022, Elliot Savoie, the Company’s current Head of Corporate Development and Ventures, will serve as interim Chief Financial Officer while the Company conducts its search for a permanent replacement.