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Warrants
12 Months Ended
Dec. 31, 2020
Warrants [Abstract]  
Warrants

8. Warrants


The Company issued to Mr. Nicholas W. Jekogian III our CEO a Warrant in January 2014 to purchase 1,700,000 shares of the Company’s Class B Common Stock at an exercise price of $0.10 per share in exchange for the complete cancellation of $425,000 of deferred compensation accrued under Mr. Jekogian’s employment agreement. On January 6, 2017, as part of the First Capital transaction Mr. Jekogian entered into a Cancellation and Release Agreement for the cancellation of all stock options and warrants held by Mr. Jekogian as of such date, and termination of his Employment Agreement effective as of such date.