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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

 

On July 1, 2022 the Board of Directors appointed David Furstenberg to serve on the Board of Directors for the Company.

 

On July 25, 2022 the Board of Directors approved and adopted the following committee charters and policies: Audit Committee Charter, Nominating and Governance Committee, Charter Compensation Committee, Charter Code of Conduct and Ethics Policy, Document Retention Policy, and Whistleblower Policy.

 

On August 19th, 2022 the Board of Directors approved the recension agreement, dated March 30, 2022, whereby Lance Baller, CEO, and Christopher Barker, President and COO, each agreed to rescind their immediately vested, non-statutory stock option agreements dated March 30, 2022. No expense was recorded related to the options due to the fact the options were rescinded ab initio.