0001553350-20-000779.txt : 20200819 0001553350-20-000779.hdr.sgml : 20200819 20200819134937 ACCESSION NUMBER: 0001553350-20-000779 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 55 CONFORMED PERIOD OF REPORT: 20200630 FILED AS OF DATE: 20200819 DATE AS OF CHANGE: 20200819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVOLUTIONARY GENOMICS, INC. CENTRAL INDEX KEY: 0000884363 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 264369698 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54129 FILM NUMBER: 201116502 BUSINESS ADDRESS: STREET 1: 1026 ANACONDA DRIVE CITY: CASTLE ROCK STATE: CO ZIP: 80108 BUSINESS PHONE: (720) 900-8666 MAIL ADDRESS: STREET 1: 1026 ANACONDA DRIVE CITY: CASTLE ROCK STATE: CO ZIP: 80108 FORMER COMPANY: FORMER CONFORMED NAME: Fona, Inc. DATE OF NAME CHANGE: 20100907 FORMER COMPANY: FORMER CONFORMED NAME: PHONE A HOME CORP DATE OF NAME CHANGE: 19930708 FORMER COMPANY: FORMER CONFORMED NAME: FONAHOME CORP DATE OF NAME CHANGE: 19930328 10-Q 1 fnam_10q.htm QUARTERLY REPORT Quarterly Report


 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

———————

FORM 10-Q

———————

(Mark One)

þ

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020


OR


¨

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________

Commission File Number: 000-54129

——————————

EVOLUTIONARY GENOMICS, INC.

(Exact name of registrant as specified in its charter)

Nevada

 

26-4369698

(State of other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification No.)

 

 

 

1026 Anaconda Drive, Castle Rock, CO

 

80108

(Address of principal executive offices)

 

(Zip Code)


(720) 900-8666

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

Trading Symbol(s)

Name of each exchange on which registered

N/A

N/A

N/A


Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ  No ¨


Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ  No ¨


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer ¨

 

Accelerated filer ¨

Non-accelerated filer þ

 

Smaller reporting company þ

 

 

Emerging growth company ¨


If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨


Indicate by checkmark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨  No þ


As of June 30, 2020, the Registrant had 5,881,898 shares of common stock, $.001 par value, 577,063 shares of Series A-1 preferred stock, $.001 par value and 102,860 shares of Series A-2 preferred stock, $.001 par value outstanding.  The Registrant’s common stock trades on the OTC Markets under the trading symbol “FNAM”.

 

 






EVOLUTIONARY GENOMICS, INC.

INDEX

 

Page
Number

 

 

PART I.  FINANCIAL INFORMATION

 

 

 

Item 1.

Financial Statements

1

 

 

Condensed and Consolidated Balance Sheets as of June 30, 2020 (unaudited) and December 31, 2019

2

 

 

Condensed and Consolidated Statements of Operations, Three and Six Months ended June 30, 2020 and 2019 (unaudited)

3

 

 

Condensed and Consolidated Statements of Stockholders’ Equity for the Quarterly Periods Ended June 30, 2020 and 2019 (unaudited)

4

 

 

Condensed and Consolidated Statements of Cash Flows, Six Months ended June 30, 2020 and 2019 (unaudited)

5

 

 

Notes to Condensed and Consolidated Financial Statements

6

 

 

Item 2.

Management's Discussion and Analysis of Financial Conditions and Results of Operations

14

 

 

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

20

 

 

Item 4.

Controls and Procedures

20

 

 

PART II. OTHER INFORMATION

 

 

 

Item 1.

Legal Proceedings

22

 

 

Item 1A.

Risk Factors

22

 

 

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

22

 

 

Item 3.

Defaults Upon Senior Securities

22

 

 

Item 4.

Mine Safety Disclosures.

22

 

 

Item 5.

Other Information

22

 

 

Item 6.

Exhibits

23








PART I. FINANCIAL STATEMENTS

ITEM 1.

FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by Evolutionary Genomics, Inc., without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position of the Company as of June 30, 2020 and for the three and six month periods ended June 30, 2020 and 2019 have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed and consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2019 audited financial statements. The results of operations for these interim periods are not necessarily indicative of the results for the entire year.




1



Evolutionary Genomics, Inc. and Subsidiary

Condensed and Consolidated Balance Sheets


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(unaudited)

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Cash

 

$

2,451

 

 

$

45,441

 

Accounts receivable

 

 

 

 

 

6,845

 

Investments

 

 

45,493

 

 

 

41,694

 

Prepaid expenses

 

 

18,262

 

 

 

24,183

 

Total current assets

 

 

66,206

 

 

 

118,163

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

69,822

 

 

 

88,882

 

Intangible assets, net

 

 

4,034,291

 

 

 

4,035,592

 

Total non-current assets

 

 

4,104,113

 

 

 

4,124,474

 

Total assets

 

$

4,170,319

 

 

$

4,242,637

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS'  (DEFICIT) EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

149,584

 

 

$

19,415

 

Current portion of notes payable

 

 

31,344

 

 

 

 

Total current liabilities

 

 

180,928

 

 

 

19,415

 

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

 

Notes payable

 

 

192,924

 

 

 

 

Deferred tax liability

 

 

987,353

 

 

 

987,353

 

Total liabilities

 

 

1,361,205

 

 

 

1,006,768

 

Commitments and contingencies

 

 

 

 

 

 

 

 

Preferred Stock subject to possible redemption, $0.001 par value, 20,000,000 authorized at June 30, 2020 and December 31, 2019

 

 

 

 

 

 

 

 

Series A-1 Convertible Preferred Stock, $0.001 par value; 600,000shares authorized, 577,063 shares issued and outstanding at June 30, 2020 and December 31, 2019; liquidation preference at June 30, 2020 of $4,074,411

 

 

3,029,579

 

 

 

3,029,579

 

Series A-2 Convertible Preferred Stock, $0.001 par value; 200,000shares authorized, 102,860 shares issued and outstanding at June 30, 2020 and December 31, 2019; liquidation preference at June 30, 2020 of $588,628

 

 

540,015

 

 

 

540,015

 

Total preferred stock subject to possible redemption

 

 

3,569,594

 

 

 

3,569,594

 

Stockholders' equity

 

 

 

 

 

 

 

 

Preferred Stock

 

 

1,093,444

 

 

 

950,661

 

Common Stock, $0.001 par value; 780,000,000 shares authorized, 5,881,898 shares issued and outstanding at June 30, 2020 and December 31, 2019

 

 

5,882

 

 

 

5,882

 

Additional paid-in capital

 

 

12,048,477

 

 

 

12,081,401

 

Accumulated deficit

 

 

(13,908,283

)

 

 

(13,371,669

)

Total stockholders' (deficit) equity

 

 

(760,480

)

 

 

(333,725

)

Total liabilities and stockholders' (deficit) equity

 

$

4,170,319

 

 

$

4,242,637

 




The accompanying notes are an integral part of the consolidated financial statements.

2



Evolutionary Genomics, Inc. and Subsidiary

Condensed and Consolidated Statements of Operations

(unaudited)


 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant revenue

 

$

 

 

$

50,753

 

 

$

12,500

 

 

$

83,119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

167,526

 

 

 

113,658

 

 

 

260,748

 

 

 

245,342

 

Salaries and benefits

 

 

93,229

 

 

 

42,062

 

 

 

185,659

 

 

 

96,841

 

General and administrative

 

 

49,842

 

 

 

66,360

 

 

 

106,507

 

 

 

124,614

 

Total operating expenses

 

 

310,597

 

 

 

222,080

 

 

 

552,914

 

 

 

466,797

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(310,597

)

 

 

(171,327

)

 

 

(540,414

)

 

 

(383,678

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expenses):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income

 

 

 

 

 

25

 

 

 

1

 

 

 

36

 

Unrealized gain (loss) on investments

 

 

15,799

 

 

 

(10,443

)

 

 

3,799

 

 

 

1,500

 

Total other income (expenses)

 

 

15,799

 

 

 

(10,418

)

 

 

3,800

 

 

 

1,536

 

Loss before income taxes

 

 

(294,798

)

 

 

(181,745

)

 

 

(536,614

)

 

 

(382,142

)

Income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(294,798

)

 

 

(181,745

)

 

 

(536,614

)

 

 

(382,142

)

Preferred stock dividend

 

 

(71,392

)

 

 

(66,004

)

 

 

(142,783

)

 

 

(126,595

)

Net loss attributable to common stockholders

 

$

(366,190

)

 

$

(247,749

)

 

$

(679,397

)

 

$

(508,737

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

 

$

(0.06

)

 

$

(0.04

)

 

$

(0.12

)

 

$

(0.09

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

5,881,898

 

 

 

5,881,898

 

 

 

5,881,898

 

 

 

5,881,898

 





The accompanying notes are an integral part of the consolidated financial statements.

3



Evolutionary Genomics, Inc. and Subsidiary

Condensed and Consolidated Statement of Stockholders' Equity


 

 

Six Months Ended June 30, 2020

 

 

 

Common Stock

 

 

Preferred

 

 

Additional

 

 

Accumulated

 

 

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Dividend

 

 

Paid-In Capital

 

 

Deficit

 

 

(Deficit) Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

950,661

 

 

$

12,081,401

 

 

$

(13,371,669

)

 

$

(333,725

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

54,930

 

 

 

 

 

 

54,930

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,391

 

 

 

(71,391

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(241,816

)

 

 

(241,816

)

Balance, March 31, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,022,052

 

 

$

12,064,940

 

 

$

(13,613,485

)

 

$

(520,611

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

54,929

 

 

 

 

 

 

54,929

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(294,798

)

 

 

(294,798

)

Balance, June 30, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,093,444

 

 

$

12,048,477

 

 

$

(13,908,283

)

 

$

(760,480

)


 

 

Six Months Ended June 30, 2019

 

 

 

Common Stock

 

 

Preferred

 

 

Additional

 

 

Accumulated

 

 

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Dividend

 

 

Paid-In Capital

 

 

Deficit

 

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2018

 

 

5,881,898

 

 

$

5,882

 

 

$

681,282

 

 

$

12,294,952

 

 

$

(12,578,529

)

 

$

403,587

 

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

17,278

 

 

 

 

 

 

17,278

 

Preferred stock dividends

 

 

 

 

 

 

 

 

60,591

 

 

 

(60,591

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(200,397

)

 

 

(200,397

)

Balance, March 31, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

741,873

 

 

$

12,251,639

 

 

$

(12,778,926

)

 

$

220,468

 

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

4,563

 

 

 

 

 

 

4,563

 

Preferred stock dividends

 

 

 

 

 

 

 

 

66,004

 

 

 

(66,004

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(181,745

)

 

 

(181,745

)

Balance, June 30, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

807,877

 

 

$

12,190,198

 

 

$

(12,960,671

)

 

$

43,286

 





The accompanying notes are an integral part of the consolidated financial statements.

4



Evolutionary Genomics, Inc. and Subsidiary

Condensed and Consolidated Statements of Cash Flows

 (unaudited)


 

 

For the Six Months Ended

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Net loss

 

$

(536,614

)

 

$

(382,142

)

Adjustments to reconcile net loss to net cash flows from operating activities

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

20,361

 

 

 

20,361

 

Stock-based compensation

 

 

109,859

 

 

 

21,841

 

Unrealized (gain) loss on investments

 

 

(3,799

)

 

 

(1,500

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts receivable

 

 

6,845

 

 

 

(10,314

)

Prepaid expenses

 

 

5,921

 

 

 

4,375

 

Accounts payable and accrued expenses

 

 

130,169

 

 

 

20,936

 

Cash flows from operating activities

 

 

(267,258

)

 

 

(326,443

)

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from issuance of notes payable

 

 

224,268

 

 

 

 

Proceeds from issuance of preferred stock

 

 

 

 

 

540,015

 

Cash flows from financing activities

 

 

224,268

 

 

 

540,015

 

 

 

 

 

 

 

 

 

 

Net change in cash

 

 

(42,990

)

 

 

213,572

 

 

 

 

 

 

 

 

 

 

Cash, beginning of period

 

 

45,441

 

 

 

131,406

 

 

 

 

 

 

 

 

 

 

Cash, end of period

 

$

2,451

 

 

$

344,978

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information

 

 

 

 

 

 

 

 

Preferred stock dividend accrual

 

$

142,783

 

 

$

126,595

 





The accompanying notes are an integral part of the consolidated financial statements.

5



 


EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)


Note 1: Business Activity


Evolutionary Genomics, Inc. (the “Company,” “We,” or “Our”) has developed a technology platform, the Adapted Traits Platform (“ATP”), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.


The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.


During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (“Fona”) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the “Merger”), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.


Note 2: Summary of Significant Accounting Policies


Principals of Consolidation: These condensed and consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.


Use of Estimates: The preparation of condensed and consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed and consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.


Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.  


Investments: The Company’s short-term investments are comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at June 30, 2020 and December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification.


Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.





6



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the six months ended June 30, 2020 and 2019.


Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress is an indefinite-lived intangible asset until the development is complete at which time the useful life of the asset will be assigned. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the six months ended June 30, 2020 and 2019. Realization of this asset is dependent upon the successful completion of the Company’s research and development efforts.


Revenue Recognition: In May 2014, the FASB issued new guidance related to revenue recognition, which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance.


Grant revenue, which is not within the scope of Topic 606, consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us, and as such, are not based on estimates that are susceptible to change. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.


Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the condensed and consolidated financial statements and net deferred tax assets are adjusted accordingly. As of June 30, 2020 and December 31, 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.


Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.


Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.



7



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the six months and three months ended June 30, 2020, common stock equivalents including 679,923 shares of convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,856 shares of common stock were excluded because their effect was anti-dilutive. For the six months and three months ended June 30, 2019, common stock equivalents including 679,923 shares of convertible preferred stock, options for 566,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.


Subsequent Events: The Company has evaluated all subsequent events through the date of this filing. On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project.


Note 3: New Accounting Standards


Recently Issued Accounting Standards


In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have a significant impact on the Company’s condensed and consolidated financial statements.


Note 4: Fair Value Measurements


The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.


ASC 820 provides three levels of the fair value hierarchy as described below:


Level 1 Inputs – Quoted prices (unadjusted) in active markets for identical assets or liabilities.


Level 2 Inputs – Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.


Level 3 Inputs – Unobservable inputs that are supported by little or no market activity.




8



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.


The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

Balance at June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 

 

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 


For the Company’s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, accrued expenses and debt, approximates their fair value at June 30, 2020 and December 31, 2019 due to the relatively short-term nature of these instruments or the existence of variable interest rates that approximate prevailing market rates.


Note 5: Property and Equipment


Property and equipment is comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(433,843

)

 

 

(414,783

)

Property and equipment, net

 

$

69,822

 

 

$

88,882

 


Depreciation expense for the six months ended June 30, 2020 and 2019 was $19,060 and $19,060, respectively. Depreciation expense for the three months ended June 30, 2020 and 2019 was $9,531 and $9,531, respectively.




9



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Note 6: Intangible Assets


Intangible assets are comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress - indefinite lived

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(34,350

)

 

 

(33,049

)

Intangible assets, net

 

$

4,034,291

 

 

$

4,035,592

 


The Company expects to recognize $2,602 of amortization expense related to its patents during each of the next five years and the remaining $4,685 thereafter. Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $1,301 and $1,301, respectively. Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $650 and $651, respectively.


In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. Acquired research in progress is an indefinite lived intangible asset until the development phase is complete, at which time a useful life of the asset will be determined. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes late in 2020, the Company will place this asset in service in the third quarter of 2020. Additional costs to complete the soybean research are expected to be approximately $102,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company’s control.


We previously expected to complete the soybean research in the second quarter of 2020.  Our academic labs informed us that they were not starting any new projects in the second quarter due to the COVID-19 pandemic and we now believe that the project will be delayed until later in 2020.  If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted.


Note 7: Notes Payable


Small Business Administration (“SBA”) Paycheck Protection Program:  On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program.  Under the program, the Company may apply for forgiveness of the debt based on the use of the proceeds over the 24-week period following funding of the loan.  As of June 30, 2020, the Company’s qualified use of proceeds has exceeded the loan amount and expects to receive forgiveness for the full loan amount.  To the extent that the loan is not forgiven, the loan accrues interest at 1 percent and has monthly payments of $4,010.75 starting October 16, 2020.


SBA Economic Injury Disaster Loan:  On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (“EIDL”) advance which is not required to be repaid and was recognized as other income during the six months ended June 30, 2020.  On June 5, 2020, the Company received $150,000 in proceeds from the SBA’s EIDL Program.  Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021).  The Company granted to the SBA a continuing security interest in all tangible and intangible personal property.  The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA.  As of June 30, 2020, the Company recognized $385 of accrued interest on the note.





10



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Note 8: Stockholders’ Equity and Warrants


The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (“Series A-1”) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (“Series A-2”). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.


Liquidation: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of June 30, 2020 and December 31, 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature.


Conversion: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.


Optional Redemption; Sinking Fund Account: The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2019, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of June 30, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established.


Dividends: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of June 30, 2020, there were $1,093,444 in accrued stock dividends.


Voting: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class.


Warrants: As of June 30, 2020 and December 31, 2019, the Company had outstanding warrants to purchase 110,856 and 110,884 shares, respectively of the Company’s Common Stock. The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(28

)

 

 

6.60

 

 

 

 

Balance, June 30, 2020

 

 

 

110,856

 

 

$

6.60

 

 

 

0.37

 




11



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Note 9: Stock-Based Compensation


The Company grants stock-based instruments under the 2015 Stock Incentive Plan (“Plan”) for which 1,400,000 shares of the Company’s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For the six months ended June 30, 2020 and 2019, the Company recorded compensation costs for stock options of $109,859 and $21,841, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company’s Common Stock. The Company granted no options during the six months ended June 30, 2020 and 2019.


Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company’s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company’s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.


The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

Total Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.35

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2020

 

 

 

508,333

 

 

$

1.96

 

 

 

5.58

 

 

$

140,000

 


During the six months ended June 30, 2020 and 2019, options for 0 and 116,667 shares vested, respectively. As of June 30, 2020, there was $515,308 of unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next three years.


Note 10: Commitments and Contingencies


Officer Indemnification: Under the Company’s organizational documents, the Company’s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.




12



 EVOLUTIONARY GENOMICS, INC. AND SUBSIDIARY

NOTES TO CONDENSED AND CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2020 AND 2019 (Unaudited)



Lease Commitments: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2019 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of June 30, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company’s rent expense for the six months ended June 30, 2020 and 2019 was $14,267 and $14,267, respectively.


Note 11: Related Parties and Transactions


Steve B. Warnecke: Mr. Warnecke is the Company’s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,932,088 shares or 29.9% of the Common Stock outstanding as of June 30, 2020.  


During the three months ended June 30, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan.  The Company has recognized the $27,350 as Accounts Payable as of June 30, 2020.


Note 12: Concentrations


Considerations of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.


Note 13: Liquidity


On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.






13



  


ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Caution Regarding Forward-Looking Information

 

This report includes “forward-looking statements” that are subject to risks, uncertainties and other factors.  All statements other than statements of historical fact are statements that could be deemed forward-looking statements including continued compliance with government regulations, changing legislation or regulatory environments; any statements of expectation or belief and any statements of assumptions underlying any of the foregoing. These risks, uncertainties and other factors, and the general risks associated with the businesses of the Company described in the reports and other documents filed with the SEC, could cause actual results to differ materially from those referred to in the forward-looking statements.  The Company cautions readers not to rely on these forward-looking statements.  All forward-looking statements are based on information currently available to the Company and are qualified in their entirety by this cautionary statement.  The Company anticipates that subsequent events and developments may cause its views to change.  The information contained in this report speaks as of the date hereof and the Company has or undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.


Company Overview


Evolutionary Genomics, Inc. (the "registrant" or "Company") was incorporated under the laws of the state of Minnesota in November 1990 under the name Fonahome Corporation. On March 24, 2009, the Company reincorporated in the state of Nevada and merged with its wholly-owned subsidiary, Fona, Inc., adopting the surviving company’s name, Fona, Inc. The capital structure includes total authorized capital stock of 800,000,000 shares, of which 780,000,000 are common stock and 20,000,000 are blank check preferred stock. The preferred stock may be issued from time to time in one or more series with such designations, preferences and relative participating, optional or other special rights and qualifications, limitations or restrictions thereof, as shall be stated in the resolutions adopted by the Corporation’s Board providing for the issuance of such preferred stock or series thereof.


On June 6, 2014, Evolutionary Genomics, Inc., a Delaware corporation merged with Fona, Inc. treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona, Inc. was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc. On May 9, 2016, we formed ICAM Therapeutics, Inc. (a Delaware corporation) as a wholly owned subsidiary of Evolutionary Genomics, Inc. We have not incurred any transactions in this company nor have we established any business plan for the future.


The Company maintains headquarters at the office of its Chief Executive Officer. The Company maintains a website at www.evolgen.com. The Company is not required to deliver an annual report to security holders and at this time does not anticipate the distribution of such a report. The Company will file reports with the SEC.


On August 14, 2000, the Company was issued patent number 6274319, titled “Methods to identify evolutionarily significant changes in polynucleotide and polypeptide sequences in domestic plants and animals”. On June 1, 2004, the Company was issued patent number 6743580, titled “Methods for producing transgenic plants containing evolutionarily significant polynucleotides”. These patents are for the core Adapted Traits Platform that we use for the discovery of genes in humans, animals and commercial crops. The Company has applied the Adapted Traits Platform in research projects including identifying genes believed to be responsible for increases in yield in corn, increases in yield in rice, salt tolerance and sugar content in tomatoes and pest/disease resistance in soybeans, bananas and multiple other crops.


In the past century, agriculture has been characterized by enhanced productivity, the use of synthetic fertilizers and pesticides, selective breeding, mechanization, water contamination, and farm subsidies. Proponents of organic farming such as Sir Albert Howard argued in the early 20th century that the overuse of pesticides and synthetic fertilizers damages the long-term fertility of the soil. While this feeling lay dormant for decades, as environmental awareness has increased in the 21st century there has been a movement towards sustainable agriculture by some farmers, consumers, and policymakers.


Advances in genetic research and modification of crop species have led to increased yield, drought tolerance and disease/pest resistance. These advances have also led to an increased concentration within the providers of seed to the industry. The top seed companies control much of the implementation of new seed varieties through patents and licensing agreements. Genetic traits providers, like Evolutionary Genomics, identify and develop genes that impact traits of interest to the industry and market those genes to these seed companies.




14



  


On June 26, 2018, the Company was awarded an Advanced Industries Accelerator Grant by the State of Colorado in the amount of $250,000 to identify and validate pathogen resistance genes in bananas and complete validation and marketing tomato and corn genes. The Company maintains ownership of all intellectual property developed from the use of grant funds.  The Company has recognized all revenue from this grant.


Evolutionary Genomics intends to continue to pursue grant funding from governmental agencies, industry associations and grant making foundations. These sources of funding are often subject to limitations in available funds, funding priorities in areas other than our area of focus, political uncertainties, long approval processes and competition with other research proposals. If such funding is not available, Evolutionary Genomics may incur the costs of these projects with the prospect of revenue uncertain and likely many years in the future.


The single most valuable step in the process of crop improvement is the identification of the key genes among the 30,000 or more in the genome that has the desired impact. Evolutionary Genomics’ soybean pest resistance project is an illustration of the evolution of a project from concept through marketing to seed companies. The project has yielded identified genes for pest resistance in soybeans and, in hairy root assays on one of these genes, EG261, at the University of Wisconsin – Madison, proved that EG261 impacted resistance. Evolutionary Genomics has had discussions with seed companies to commercialize the genes and intends to continue those discussions after completion of validation testing with two generation, whole plant validation results. The Company has extended this pest resistance research to other crops including beans, tomatoes, cotton and maize in various stages or progress.


On April 29, 2014, the United States Patent and Trademark Office issued patent 8,710,300 titled EXPRESSION OF DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS ENHANCES PATHOGEN RESISTANCE IN PLANTS. On December 5, 2017, the United States Patent and Trademark Office issued patent 9,834,783 which extended the previous patent to include additional variations of the gene. During 2017, the Company was issued similar patents in Canada, Brazil and China and has additional patents pending in Argentina and India. On January 16, 2020, the Company filed a patent application on its second soybean pest/disease resistance gene, EG19 and has included that gene in its ongoing two generation, whole plant validation research with the University of Missouri and with the Wisconsin Crop Innovation Center. Evolutionary Genomics engaged in discussions with seed companies regarding further validation of the effectiveness of EG261. Based on information received in those discussions, Evolutionary Genomics has engaged in a whole plant validation trial of EG261 and EG19 at the University of Missouri and the Wisconsin Crop Innovation Center.


We previously expected to complete the soybean research in the second quarter of 2020.  Our academic labs informed us that they are not able to perform the SCN testing due to the COVID-19 pandemic and we now believe that the project will be delayed until later in 2020.  If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted. The full impact that COVID-19 will have on our business will depend on a number of factors such as the duration and extent of COVID-19, the effect of governmental actions, responses of our third-party research partners, and general economic activity, as described in Part II, Item 1A “Risk Factors” in this Form 10-Q.


As a small company restricted by our limited resources, we cannot afford to generate vast numbers of events. Moderate success is important enough to indicate that further optimization can lead to significantly improved results. We must prove that there is enough evidence to warrant additional trials by companies with vastly more resources to build on our success but the single most valuable step in this process is the identification of the gene that has the desired impact and we have identified two of these genes in soybeans, EG261 and EG19.  We cannot assure you that these identified genes will be successful in SCN testing or field trials.


We entered into a Service Agreement with Wisconsin Crop Innovation Center (“WCIC”) under which they have transformed soybeans using our genes. WCIC guarantees a minimum number of successful events, have helped to establish the right combinations to achieve a range of expression and tested to assure us of successful events. WCIC has harvested the seeds of events from seven constructs of EG261 and EG19. These seeds are being transferred to the University of Missouri for SCN resistance testing which we now expect to happen later in 2020.




15



  


If we are able to resume SCN resistance testing and results confirm the findings of the University of Wisconsin-Madison for EG261 and the effectiveness of the new gene, EG19, the Company will look to enter into negotiations for a long-term research collaboration and licensing agreement with seed companies. This type of agreement will likely have an upfront payment, milestone payments during their testing and a licensing royalty stream once the genes are incorporated into commercial seed lines. The testing phase includes field trials which may proceed for several years prior to generating licensing revenue. There are many risks in this process including some that are outside of Evolutionary Genomics’ control and there can be no guarantee that we will ever generate any revenue from these potential agreements. If Evolutionary Genomics receives product royalties from the soybean genes, it is required to pay the United Soybean Board a ten percent royalty stream not to exceed 150% of the grant amount of $262,400.


The Company has identified pest/disease resistance genes in other commercially valuable crops. The Company is currently engaged with the University of Missouri to perform two generation, whole plant testing of genes in tomatoes and corn that may lead to increased pest/disease resistance. This project is currently on hold pending results from our soybean project and the availability of funding. If successful, we intend to market them to the seed industry. This strategy will require Evolutionary Genomics to incur significant research costs prior to any confirmation of commercial viability and there can be no guarantee that the desired results can be achieved or that commercialization can be reached.


Evolutionary Genomics has identified a gene in tomatoes that impacts the plant’s ability to tolerate salt and a gene that appears to control sweetness. On January 9, 2018, the United States Patent and Trademark Office issued patent 9,862,962 titled IDENTIFICATION AND USE OF TOMATO GENES CONTROLLING SALT/DROUGHT TOLERANCE AND FRUIT SWEETNESS. Despite discussions with seed companies, the Company has not been able to reach any agreement to license these genes and there can be no assurance that we will ever realize any revenue from these genes.


In 2014, the Company began a project to identify genes in cotton that may impact traits of commercial interest. In particular, we intend to focus on pest resistance and fiber length. We have used our Adapted Traits Platform to identify positively selected candidate genes and intend to further research these genes to confirm that they were positively selected. If any of these genes remain promising, we intend to contract with an independent lab to validate the effectiveness of those genes. These studies can be very costly and there can be no assurance that we will be successful with this project.


During the 1950s the global banana industry was devastated by a disease (caused by Fusarium fungus) that effectively wiped out the predominate variety of commercial bananas know as Gros Michel leading to the development of the Cavendish banana, which makes up well over 90% of the commercial banana market today. Cavendish was resistant to the strain of Fusarium that wiped out the Gros Michel variety but, in recent years, is being challenged by a new race of Fusarium that threatens to, once again, devastate the global banana industry. This crisis is imminent and has no solution. The recent emergence of Panama Disease TR4 in the Western Hemisphere makes a swift solution to the crisis even more urgent.  A substantial part of the banana market consists of exports from Central and South America to the United States. This market is now critically imperiled.


In 2018, the Company began a project to identify genes in wild banana relatives that are resistant to Fusarium. We have previously used our technology to identify genes in common beans and, in our project for the Bill and Melinda Gates Foundation in common beans, proved that these genes provided increased resistance to Fusarium fungus. We used our platform to isolate a banana gene that controls Fusarium Wilt (FW), aka Panama Disease, Tropical Race 4. The gene, which we have named FusR1 (Fusarium Resistance 1), is a native gene in Musa species, including cultivated bananas. We have found that, for all FW-resistant banana cultivars/species that we have tested, one version of our gene exists while, in all FW-sensitive banana cultivars/species that we have tested, there is a different version of FusR1. And notably, a third version exists in semi-resistant varieties that has allowed us to identify the particular nucleotide changes that are crucial for resistance to Fusarium Wilt.


We believe that this native banana gene can be introduced into cultivated bananas, particularly the Fusarium-sensitive Cavendish cultivar in order to make these cultivars resistant to Fusarium Wilt.  Cavendish cultivars are sterile and seedless, but it should be possible to use MAB (marker assisted breeding), though perhaps difficult and time-consuming, to move FusR1 into Cavendish and other cultivated bananas. We believe that a gene transformation approach would be faster and easier. Given the threat of possible extinction for Cavendish, rapid approaches are not only warranted but essential and minimally genetically edited bananas will be accepted depending upon how the gene transfer is accomplished. Transfer of this native banana gene to cultivated bananas can also be accomplished with CRISPR technology, which allows a targeted, clean, and efficient transfer and which, as compared to more traditional genetic editing techniques, minimizes potential side effects.  We believe that Cavendish bananas can be rendered Fusarium Wilt resistant by changing only a few base pairs. These sorts of minimal changes have been allowed by the USDA and FDA in several crops. Even in Europe, use of CRISPR technology has gained substantial traction.



16



  



On June 26, 2019, we filed a United States patent application titled IDENTIFICATION AND RESISTANCE GENES FROM WILD RELATIVES OF BANANA AND THEIR USES IN CONTROLLING PANAMA DISEASE.


On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.


If we are able to successfully transform and validate our banana genes, which will likely take 24-36 months, under the terms of the agreement with Dole, we expect to negotiate a long term royalty contract for the commercialization of banana plants using our genes.  This licensing arrangement will likely be exclusively with Dole and contain royalty payments based on the number of plants and/or hectares of plants.  Even if EG’s genes are proved to be effective, it is difficult to predict the future revenue stream that any licensing arrangement can generate and will be heavily dependent upon the speed with which Panama Disease spreads throughout the world necessitating a solution and any changes in the price of bananas based on supply and demand.  Many articles are available in the public realm detailing the significance of the disease and the spread throughout the world.


Since bananas are seedless, they are propagated by clones which allows for very rapid production of plants.  An initial batch of 100 successful plants can generate a secondary propagation of over 15,000 plants in one year (enough for 10 hectares) and 15 million in the next generation.  There are over 400,000 hectares of banana production in Latin America from Mexico to Peru.  Adoption of the new variety will be dependent upon its effectiveness and the infection rate of Panama disease.


There are many risks associated with achieving these desired results including but not limited to:


 

-

We may not be able to adequately establish patent protection for our intellectual property or others may have competing claims;

 

-

Others may develop competitive approaches to compete with our genes;

 

-

Our transformation academic labs may fail to develop enough events for testing;

 

-

Our genes may cause unforeseen and undesirable changes beyond the pest resistance such as yield degradation or changes in the appearance or taste of the fruit;

 

-

Our genes may fail to deliver the desired results of resistance to Fusarium;

 

-

Globally regulations and/or consumer preference may prevent the successful commercial launch of bananas with genetics changed using our methods; and

 

-

We will be dependent on others for the successful production and marketing of bananas with our genes and many factors will be outside of our control.

 

-

Our cash flow is highly dependent upon our only expected source of funding provided under our Development and Commercialization Agreement with Dole Food Company.

 

-

Our expected future royalty revenue will be highly dependent upon the successful execution of the banana development project in the Development and Commercialization Agreement with Dole Food Company and the negotiation of a long term royalty licensing agreement expected in the third year of that agreement.


These and other risk factors are discussed in more detail in our 10-K filing dated March 30, 2020.


Evolutionary Genomics has no registered trademarks. The Company had two full time employees and one part-time employee as of June 30, 2020 and leases its operating facility on a month-to-month basis after June 30, 2017. Evolutionary Genomics is not currently involved in or aware of any threatened or actual legal proceedings.




17



  


Unaudited Results of Operations


 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

Amount

 

 

Percent of Revenue

 

 

Amount

 

 

Percent of Revenue

 

 

Amount

 

 

Percent of Revenue

 

 

Amount

 

 

Percent of Revenue

 

Grant revenue

 

$

 

 

 

N/A

 

 

$

50,753

 

 

 

100.0

%

 

$

12,500

 

 

 

100.0

%

 

$

83,119

 

 

 

100.0

%

Research and development

 

 

167,526

 

 

 

N/A

 

 

 

113,658

 

 

 

223.9

%

 

 

260,748

 

 

 

2086.0

%

 

 

245,342

 

 

 

295.2

%

Salaries and benefits

 

 

93,229

 

 

 

N/A

 

 

 

42,062

 

 

 

82.9

%

 

 

185,659

 

 

 

1485.3

%

 

 

96,841

 

 

 

116.5

%

General and administrative

 

 

49,842

 

 

 

N/A

 

 

 

66,360

 

 

 

130.8

%

 

 

106,507

 

 

 

852.1

%

 

 

124,614

 

 

 

149.9

%

Total operating expenses

 

 

310,597

 

 

 

N/A

 

 

 

222,080

 

 

 

437.6

%

 

 

552,914

 

 

 

4423.3

%

 

 

466,797

 

 

 

561.6

%

Operating loss

 

 

(310,597

)

 

 

N/A

 

 

 

(171,327

)

 

 

-337.6

%

 

 

(540,414

)

 

 

-4323.3

%

 

 

(383,678

)

 

 

-461.6

%

Other income and (expenses)

 

 

15,799

 

 

 

N/A

 

 

 

(10,418

)

 

 

-20.5

%

 

 

3,800

 

 

 

30.4

%

 

 

1,536

 

 

 

1.8

%

Income Taxes

 

 

 

 

 

N/A

 

 

 

 

 

 

0.0

%

 

 

 

 

 

0.0

%

 

 

 

 

 

0.0

%

Net loss

 

$

(294,798

)

 

 

N/A

 

 

$

(181,745

)

 

 

-358.1

%

 

$

(536,614

)

 

 

-4292.9

%

 

$

(382,142

)

 

 

-459.8

%

Preferred stock dividend

 

 

(71,392

)

 

 

N/A

 

 

 

(66,004

)

 

 

-130.0

%

 

 

(142,783

)

 

 

-1142.3

%

 

 

(126,595

)

 

 

-152.3

%

Net loss attributable to common stockholders

 

$

(366,190

)

 

 

N/A

 

 

$

(247,749

)

 

 

-488.1

%

 

$

(679,397

)

 

 

-5435.2

%

 

$

(508,737

)

 

 

-612.1

%


Service and Grant Revenue


Service revenue decreased $70,619, or 85.0%, to $12,500 for the six months ended June 30, 2020 from $83,119 for the six months ended June 30, 2019. The decrease was due to decreased revenue recognized from the State of Colorado grant which ended in January 2020.


Service revenue decreased $50,753, or 100.0%, to $0 for the three months ended June 30, 2020 from $50,753 for the three months ended June 30, 2019. The decrease was due to decreased revenue recognized from the State of Colorado grant which ended in January 2020.


Operating Expenses


Operating expenses increased $86,117, or 18.4% to $552,914 for the six months ended June 30, 2020 from $466,797 for the six months ended June 30, 2019. Changes in these items are described below.


Operating expenses increased $88,517, or 39.9% to $310,597 for the three months ended June 30, 2020 from $222,080 for the three months ended June 30, 2019. Changes in these items are described below.


Research and Development


Research and development increased $15,406, or 6.3%, to $260,748 for the six months ended June 30, 2020 from $245,342 for the six months ended June 30, 2019. The increase was primarily due to increased patent costs partially offset by decreased costs for our soybean pest resistance project and our banana disease resistance project.


Research and development increased $53,868, or 47.4%, to $167,526 for the three months ended June 30, 2020 from $113,658 for the three months ended June 30, 2019. The increase was primarily due to increased costs on our soybean pest resistance project and higher patent costs partially offset by decreased costs for our banana disease resistance project.


Salaries and Benefits


Salaries and benefits increased $88,818, or 91.7%, to $185,659 for the six months ended June 30, 2020 from $96,841 for the six months ended June 30, 2019. The increase was primarily due to increased stock compensation costs.



18



  


Salaries and benefits increased $51,167, or 121.6%, to $93,229 for the three months ended June 30, 2020 from $42,062 for the three months ended June 30, 2019. The increase was primarily due to increased stock compensation costs.  


General and Administrative


General and administrative expenses decreased $18,107, or 14.5%, to $106,507 for the six months ended June 30, 2020 from $124,614 for the six months ended June 30, 2019. The decrease was primarily due to decreased professional fees.


General and administrative expenses decreased $16,518, or 24.9%, to $49,842 for the three months ended June 30, 2020 from $66,360 for the three months ended June 30, 2019. The decrease was primarily due to one quarter of directors’ fees in the three months ended June 30, 2020 compared to two quarters of directors’ fees that were paid in the three months ended June 30, 2019.


Other Income and (Expenses)


Total other income and (expense) increased $2,264, or 147.4%, to $3,800 of income for the six months ended June 30, 2020 from $1,536 of income for the six months ended June 30, 2019. The increase was primarily due to an increase in the market price of marketable securities.


Total other income and (expense) increased $26,217, or 251.7%, to $15,799 of income for the three months ended June 30, 2020 from ($10,418) of expense for the three months ended June 30, 2019. The increase was primarily due to an increase in the market price of marketable securities.


Net Loss


Net loss increased $154,472, or 40.4%, to $536,614 for the six months ended June 30, 2020 from $382,142 for the six months ended June 30, 2019. The increase was primarily due to decreased revenue from the State of Colorado grant, increased patent costs, increased stock compensation costs and increased professional fees and partially offset by decreased costs on our soybean and banana projects and an increase in the market price of marketable securities.


Net loss increased $113,053, or 62.2%, to $294,798 for the three months ended June 30, 2020 from $181,745 for the three months ended June 30, 2019. The increase was primarily due to decreased revenue from the State of Colorado grant, increased patent costs, increased soybean project costs and increased stock compensation costs partially offset by decreased costs on our banana project and an increase in the market price of marketable securities.


Financial Condition


The Company’s working capital decreased $213,470 to ($114,722) as of June 30, 2020 from $98,748 as of December 31, 2019 primarily due the net loss partially offset by an increase in accounts payable and accrued expenses and proceeds from notes payable.


Liquidity


The Company has historically financed operations through cash flows from operations and equity transactions. Net cash used in operating activities was $267,258 for the six months ended June 30, 2020 compared to $326,443 for the six months ended June 30, 2019. The $59,185, or 18.1%, decrease was primarily due to an increase in accounts payable and an increase in stock compensation partially offset by the increased net operating loss. Net cash flows for investing activities was $0 for the six months ended June 30, 2020 and 2019. Net cash provided from financing activities was $224,268 of proceeds from notes payable for the six months ended June 30, 2020 and $540,015 of proceeds from the issuance of preferred stock in the six months ended June 30, 2019.


Sources of funding to meet prospective cash requirements include the Company’s existing cash balances and investments along with funding from our agreement with Dole Fruit. As of June 30, 2020 we had $2,451 in our bank accounts and $45,493 of trading securities. On April 17, 2020, the Company received $71,268 in funding from the SBA under their Paycheck Protection Program. To the extent the loan is not forgiven, the loan accrues interest at 1 percent and has monthly payments of $4,010.75 starting October 16, 2020.




19



  


On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.


Off-Balance Sheet Arrangements


The Company has no off-balance sheet arrangements that have a material current effect, or that are reasonably likely to have a material future effect, on its financial condition, changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures, or capital resources.


Contractual Obligations


The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2019 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of June 30, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company’s rent expense for the three months ended June 30, 2020 and 2019 was $14,268 and $14,268, respectively.


On February 21, 2015, Evolutionary Genomics entered into a Sponsored Research Contract with The Curators of the University of Missouri for phenotyping transgenic soybean plants.  As amended the contract calls for payments to be made on a per plant basis with no minimum future payments.  We expect to continue this contract and will likely have additional amounts payable but the amount is indeterminable.


ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not required by smaller reporting companies.


ITEM 4.

CONTROLS AND PROCEDURES


(a) Evaluation of disclosure controls and procedures.


Under the supervision and with the participation of the Company’s management, including the principal executive officer and principal financial officer, as of the end of the period covered by this report, the Company conducted an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures, as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act. The Company’s disclosure controls and procedures are designed to provide reasonable assurance that the information required to be included in the Company’s reports to the Commission is recorded, processed, summarized and reported within the time periods specified in Commission rules and forms and to provide reasonable assurance that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, the Company’s principal executive officer and principal financial officer concluded that, as of the period covered by this report, our disclosure controls and procedures are not effective at these reasonable assurance levels for the reasons stated below.




20



  


Specifically, management identified the following control deficiencies: (1) the Company has not properly segregated duties as one or two individuals initiate, authorize, and complete all transactions. The Company has not implemented measures that would prevent the individuals from overriding the internal control system. The Company does not believe that this control deficiency has resulted in deficient financial reporting because the Chief Financial Officer is aware of his responsibilities under the SEC’s reporting requirements and personally certifies the financial reports. (2) The Company has installed accounting software that does not prevent erroneous or unauthorized changes to previous reporting periods and does not provide an adequate audit trail of entries made in the accounting software.  (3) Due to the size of the Company and limited personnel, the Company has not hired an individual with technical accounting expertise within the accounting function.


Our internal control system is designed to provide reasonable cost-effective assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. There is no assurance that our disclosure controls or our internal controls over financial reporting can prevent all errors. An internal control system, no matter how well designed and operated, has inherent limitations, including the possibility of human error. Because of the inherent limitations in a cost-effective control system, misstatements due to error may occur and not be detected. We monitor our disclosure controls and internal controls and make modifications as we believe appropriate given our financial resources and limited level of activities. Our intent in this regard is that our disclosure controls and our internal controls will improve as systems change and conditions warrant.


(b) Changes in internal controls.


Our Certifying Officers have indicated that there were no changes in our internal controls over financial reporting or other factors during the three months ended June 30, 2020, that could significantly affect such controls subsequent to the date of their evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.




21



  


PART II. OTHER INFORMATION


ITEM 1.

LEGAL PROCEEDINGS


None.


ITEM 1A.

RISK FACTORS


Impacts of COVID-19 on our business


The impact of a novel strain of coronavirus (COVID-19), and measures to prevent its spread are affecting the macroeconomic environment and while the full impact is uncertain, our business and results of operations could be materially adversely affected. We previously expected to complete the soybean research in the second quarter of 2020.  During the second quarter of 2020, our academic labs have informed us that they are not starting any new projects due to the Covid-19 pandemic and we now believe that the project will be delayed into the second half of 2020.  If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted.  The impact on our business will depend on a number of factors such as the duration and extent of COVID-19, governmental actions, changes in consumer behavior, responses of our third-party business partners that offer our content through their platforms, and general economic activity.


We are attempting to conduct business as usual to the extent possible and are complying with the applicable orders issued by the Governor of Colorado. The Company has been granted the status of essential operations and our staff continues to work in our lab while staggering working hours to limit exposure.


The impact of the COVID-19 outbreak may also exacerbate other risks discussed in Item 1A. Risk Factors in our Annual Report on Form 10-K, any of which could have a material effect on us.


ITEM 2.

UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS


None


ITEM 3.

DEFAULTS UPON SENIOR SECURITIES


None.


ITEM 4.

MINE SAFETY DISCLOSURES


Not applicable.


ITEM 5.

OTHER INFORMATION


On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.






22



  


ITEM 6.

EXHIBITS


31.1

 

Rule 13a-14(a)/15d-14(a) Certification

 

 

 

31.2

 

Rule 13a-14(a)/15d-14(a) Certification

 

 

 

32.1

 

Section 1350 Certification

 

 

 

101

 

XBRL Interactive Data File








23



  


SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this quarterly report to be signed on its behalf by the undersigned, thereunto duly authorized.


 

EVOLUTIONARY GENOMICS, INC.

 

 

 

 

BY:  

/s/ Steve B Warnecke

 

Steve B Warnecke

 

Chief Executive Officer and Chief Financial Officer

 

 

 

August 19, 2020

 

 









24


EX-31.1 2 fnam_ex31z1.htm CERTIFICATIONS Certification

EXHIBIT 31.1

CERTIFICATIONS

I, Steve Warnecke, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Evolutionary Genomics, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting, to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting,, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

August 19, 2020

 

 

BY:  

/s/ Steve Warnecke

 

Steve Warnecke

 

Chief Executive Officer

 

(principal executive officer)




EX-31.1 3 fnam_ex31z2.htm CERTIFICATIONS Certification

EXHIBIT 31.2

CERTIFICATIONS

I, Steve Warnecke, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Evolutionary Genomics, Inc.

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting, to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting,, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

August 19, 2020

 

 

BY:  

/s/ Steve Warnecke

 

Steve Warnecke

 

Chief Financial Officer

 

(principal financial officer)




EX-32.1 4 fnam_ex32z1.htm CERTIFICATION Certification

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Evolutionary Genomics, Inc. (the "Company") on Form 10-Q for the period ended June 30, 2020, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Steve B Warnecke, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.




BY:  

/s/ Steve B Warnecke

 

Steve B Warnecke

 

Chief Executive Officer and Chief Financial Officer

 

(principal executive and financial officer)

 

August 19, 2020




EX-101.INS 5 fnam-20200630.xml XBRL INSTANCE FILE 0000884363 2015-10-19 0000884363 srt:MinimumMember 2020-01-01 2020-06-30 0000884363 srt:MaximumMember 2020-01-01 2020-06-30 0000884363 us-gaap:ConvertiblePreferredStockMember 2015-10-19 0000884363 us-gaap:ConvertibleDebtSecuritiesMember 2020-01-01 2020-06-30 0000884363 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-06-30 0000884363 fnam:CommonStockAndWarrantsMember 2020-01-01 2020-06-30 0000884363 2020-01-01 2020-06-30 0000884363 srt:ChiefExecutiveOfficerMember 2020-06-30 0000884363 2019-01-01 2019-06-30 0000884363 2019-03-31 0000884363 2018-12-31 0000884363 us-gaap:PatentsMember 2020-01-01 2020-06-30 0000884363 2018-01-01 2018-12-31 0000884363 us-gaap:CommonStockMember 2018-12-31 0000884363 us-gaap:CommonStockMember 2019-03-31 0000884363 us-gaap:PreferredStockMember 2019-01-01 2019-03-31 0000884363 us-gaap:PreferredStockMember 2018-12-31 0000884363 us-gaap:PreferredStockMember 2019-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000884363 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000884363 us-gaap:RetainedEarningsMember 2018-12-31 0000884363 us-gaap:RetainedEarningsMember 2019-03-31 0000884363 fnam:ConvertiblePreferredStockSeriesA2Member 2020-05-01 0000884363 us-gaap:ConvertiblePreferredStockMember 2020-01-01 2020-06-30 0000884363 fnam:ConvertiblePreferredStockSeriesA2Member 2020-01-01 2020-06-30 0000884363 us-gaap:CommonStockMember 2019-12-31 0000884363 us-gaap:CommonStockMember 2020-03-31 0000884363 us-gaap:PreferredStockMember 2020-01-01 2020-03-31 0000884363 us-gaap:PreferredStockMember 2019-12-31 0000884363 us-gaap:PreferredStockMember 2020-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000884363 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000884363 us-gaap:RetainedEarningsMember 2019-12-31 0000884363 us-gaap:RetainedEarningsMember 2020-03-31 0000884363 2019-12-31 0000884363 2020-06-30 0000884363 us-gaap:SeriesAPreferredStockMember 2020-06-30 0000884363 us-gaap:SeriesAPreferredStockMember 2019-12-31 0000884363 fnam:SeriesA2PreferredStockMember 2020-06-30 0000884363 fnam:SeriesA2PreferredStockMember 2019-12-31 0000884363 us-gaap:FairValueInputsLevel1Member 2020-06-30 0000884363 us-gaap:FairValueInputsLevel2Member 2020-06-30 0000884363 us-gaap:FairValueInputsLevel3Member 2020-06-30 0000884363 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000884363 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000884363 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000884363 us-gaap:EquipmentMember 2019-12-31 0000884363 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2019-12-31 0000884363 us-gaap:FurnitureAndFixturesMember 2019-12-31 0000884363 us-gaap:EquipmentMember 2020-06-30 0000884363 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2020-06-30 0000884363 us-gaap:FurnitureAndFixturesMember 2020-06-30 0000884363 us-gaap:InProcessResearchAndDevelopmentMember 2020-06-30 0000884363 us-gaap:PatentsMember 2020-06-30 0000884363 us-gaap:InProcessResearchAndDevelopmentMember 2019-12-31 0000884363 us-gaap:PatentsMember 2019-12-31 0000884363 us-gaap:PatentsMember 2019-01-01 2019-06-30 0000884363 2019-01-01 2019-12-31 0000884363 us-gaap:ConvertibleDebtSecuritiesMember 2019-01-01 2019-06-30 0000884363 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0000884363 fnam:CommonStockAndWarrantsMember 2019-01-01 2019-06-30 0000884363 2020-04-01 2020-06-30 0000884363 2019-04-01 2019-06-30 0000884363 us-gaap:CommonStockMember 2020-06-30 0000884363 us-gaap:CommonStockMember 2019-06-30 0000884363 us-gaap:PreferredStockMember 2020-04-01 2020-06-30 0000884363 us-gaap:PreferredStockMember 2019-04-01 2019-06-30 0000884363 us-gaap:PreferredStockMember 2020-06-30 0000884363 us-gaap:PreferredStockMember 2019-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000884363 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0000884363 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000884363 us-gaap:RetainedEarningsMember 2020-06-30 0000884363 us-gaap:RetainedEarningsMember 2019-06-30 0000884363 2020-03-31 0000884363 2019-06-30 0000884363 2020-01-01 2020-03-31 0000884363 2019-01-01 2019-03-31 0000884363 us-gaap:ConvertibleDebtSecuritiesMember 2020-04-01 2020-06-30 0000884363 us-gaap:ConvertibleDebtSecuritiesMember 2019-04-01 2019-06-30 0000884363 us-gaap:EmployeeStockOptionMember 2020-04-01 2020-06-30 0000884363 us-gaap:EmployeeStockOptionMember 2019-04-01 2019-06-30 0000884363 fnam:CommonStockAndWarrantsMember 2020-04-01 2020-06-30 0000884363 fnam:CommonStockAndWarrantsMember 2019-04-01 2019-06-30 0000884363 us-gaap:PatentsMember 2020-04-01 2020-06-30 0000884363 us-gaap:PatentsMember 2019-04-01 2019-06-30 0000884363 fnam:SBAPaycheckProtectionProgramMember 2020-04-16 2020-04-17 0000884363 fnam:SBAPaycheckProtectionProgramMember 2020-04-17 0000884363 fnam:EconomicInjuryDisasterLoanMember 2020-06-04 2020-06-05 0000884363 fnam:EIDLProgramMember 2020-06-04 2020-06-05 0000884363 fnam:EIDLProgramMember 2020-06-30 0000884363 fnam:EIDLProgramMember 2020-06-05 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure 0.001 0.001 0.001 780000000 780000000 780000000 12500 83119 50753 88882 69822 4035592 4034291 260748 245342 167526 113658 185659 96841 93229 42062 106507 124614 49842 66360 552914 466797 310597 222080 -540414 -383678 -310597 -171327 1 36 25 3800 1536 15799 -10418 20361 20361 109859 21841 -6845 10314 -5921 -4375 130169 20936 -267258 -326443 224268 540015 131406 45441 2451 344978 41694 45493 45493 41694 4016596 52045 4016596 52045 650 651 1301 1301 14267 14267 109859 21841 640000 566667 1081667 1081667 2.33 1.74 1.74 1.54 0 116667 800000000 20000000 600000 200000 20000000 20000000 600000 600000 200000 200000 .001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 110884 110884 110856 28 6.60 6.60 6.60 P4M13D P1Y10M14D P10M14D P3Y P7Y 102000 142783 126595 71392 66004 -679397 -508737 -366190 -247749 679923 1081667 110856 679923 566667 110884 679923 679923 1081667 566667 110856 110884 -0.12 -0.09 -0.06 -0.04 5881898 5881898 5881898 5881898 515308 24183 18262 118163 66206 4124474 4104113 4242637 4170319 19415 149584 19415 180928 1006768 1361205 3569594 3569594 3029579 3029579 540015 540015 5882 5882 12081401 12048477 -13371669 -13908283 220468 403587 5882 5882 681282 741873 12294952 12251639 -12578529 -12778926 5882 5882 950661 1022052 12081401 12064940 -13371669 -13613485 -333725 -760480 5882 5882 1093444 807877 12048477 12190198 -13908283 -12960671 -520611 43286 4242637 4170319 577063 577063 102860 102860 577063 577063 102860 102860 4074411 588628 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 3799 1500 15799 -10443 142783 126595 125000 3.00 1932088 0.299 6845 P20Y 41694 45493 45493 41694 41694 45493 950661 1093444 17278 54930 54929 4563 54929 4563 54930 17278 60591 -60591 71391 -71391 71392 66004 -71392 -66004 -536614 -382142 -200397 -241816 -294798 -181745 -294798 -181745 -241816 -200397 33049 34350 0.08 0.08 5881898 EVOLUTIONARY GENOMICS, INC. 0000884363 10-Q 2020-06-30 false --12-31 Non-accelerated Filer true false false Q2 2020 Yes Yes NV 000-54129 0.7516 503665 503665 432499 63179 7987 432499 63179 7987 414783 433843 19060 19060 9531 9531 P10Y 1400000 P3Y 2378 -536614 -382142 -294798 -181745 540015 6.60 5.25 5.25 5.25 5.25 1093444 508333 140000 1.96 P7Y4M6D P5Y11M12D P7Y10M6D P5Y6M29D P9Y9M29D P7Y0M0D -42990 213572 987353 987353 31344 192924 224268 71268 3000 150000 2602 2602 2602 2602 2602 4685 27350 4011 731 .01 .0375 385 <p style="margin: 0px"></p> <p style="margin: 0px"><b><u>Note 1: Business Activity</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify">Evolutionary Genomics, Inc. (the &#147;Company,&#148; &#147;We,&#148; or &#147;Our&#148;) has developed a technology platform, the Adapted Traits Platform (&#147;ATP&#148;), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (&#147;Fona&#148;) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the &#147;Merger&#148;), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><b><u>Note 3: New Accounting Standards</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><b><u>Recently Issued Accounting Standards</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">In June 2016, the FASB issued ASU 2016-13, &#147;Financial Instruments &#150; Credit Losses: Measurement of Credit Losses on Financial Instruments,&#148; which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity&#146;s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have a significant impact on the Company&#146;s condensed and consolidated financial statements.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 4: Fair Value Measurements</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">ASC 820 provides three levels of the fair value hierarchy as described below:</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; padding-left: 48px; text-align: justify">Level 1 Inputs &#150; Quoted prices (unadjusted) in active markets for identical assets or liabilities.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; padding-left: 48px; text-align: justify">Level 2 Inputs &#150; Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; padding-left: 48px; text-align: justify">Level 3 Inputs &#150; Unobservable inputs that are supported by little or no market activity.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify">When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The following table presents the Company&#146;s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 4.66px"></td><td style="width: 4.8px"></td><td style="width: 6.66px"></td><td style="width: 87.66px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 3.6px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Quoted Prices in Active Markets for Identical Items<br /> (Level 1)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Other Observable Inputs<br /> (Level 2)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Unobservable Inputs<br /> (Level 3)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance at December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Investments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance at June 30, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Investments</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">For the Company&#146;s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, accrued expenses and debt, approximates their fair value at June 30, 2020 and December 31, 2019 due to the relatively short-term nature of these instruments or the existence of variable interest rates that approximate prevailing market rates.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 5: Property and Equipment</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Property and equipment is comprised of the following:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>June 30,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Equipment</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Software</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Furniture and fixtures</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated depreciation</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(433,843</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(414,783</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Property and equipment, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">69,822</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">88,882</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Depreciation expense for the six months ended June 30, 2020 and 2019 was $19,060 and $19,060, respectively. Depreciation expense for the three months ended June 30, 2020 and 2019 was $9,531 and $9,531, respectively.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 6: Intangible Assets</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Intangible assets are comprised of the following:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>June 30,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Acquired research in progress - indefinite lived</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Patents</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated amortization</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(34,350</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(33,049</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Intangible assets, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,034,291</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,035,592</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company expects to recognize $2,602 of amortization expense related to its patents during each of the next five years and the remaining $4,685 thereafter. <a name="Hlk46476717"></a>Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $1,301 and $1,301, respectively. Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $650 and $651, respectively.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. Acquired research in progress is an indefinite lived intangible asset until the development phase is complete, at which time a useful life of the asset will be determined. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes late in 2020, the Company will place this asset in service in the third quarter of 2020. Additional costs to complete the soybean research are expected to be approximately $102,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company&#146;s control. </p> <p style="margin: 0px; text-align: justify"><br /></p> <a name="Hlk37310779"></a><p style="margin: 0px; text-align: justify">We previously expected to complete the soybean research in the second quarter of 2020. &#160;Our academic labs informed us that they were not starting any new projects in the second quarter due to the COVID-19 pandemic and we now believe that the project will be delayed until later in 2020. &#160;If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 7: Notes Payable</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Small Business Administration (&#147;SBA&#148;) Paycheck Protection Program:</u> &#160;On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program. &#160;Under the program, the Company may apply for forgiveness of the debt based on the use of the proceeds over the 24-week period following funding of the loan. &#160;As of June 30, 2020, the Company&#146;s qualified use of proceeds has exceeded the loan amount and expects to receive forgiveness for the full loan amount. &#160;To the extent that the loan is not forgiven, the loan accrues interest at 1 percent and has monthly payments of $4,010.75 starting October 16, 2020.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>SBA Economic Injury Disaster Loan:</u> &#160;On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (&#147;EIDL&#148;) advance which is not required to be repaid and was recognized as other income during the six months ended June 30, 2020. &#160;On June 5, 2020, the Company received $150,000 in proceeds from the SBA&#146;s EIDL Program. &#160;Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021). &#160;The Company granted to the SBA a continuing security interest in all tangible and intangible personal property. &#160;The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA. &#160;As of June 30, 2020, the Company recognized $385 of accrued interest on the note.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 8: Stockholders&#146; Equity and Warrants</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (&#147;Series A-1&#148;) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (&#147;Series A-2&#148;). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Liquidation</u>: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of June 30, 2020 and December 31, 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Conversion</u>: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Optional Redemption; Sinking Fund Account:</u> The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2019, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of June 30, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Dividends</u>: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of June 30, 2020, there were $1,093,444 in accrued stock dividends.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Voting</u>: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Warrants</u>: As of June 30, 2020 and December 31, 2019, the Company had outstanding warrants to purchase 110,856 and 110,884 shares, respectively of the Company&#146;s Common Stock. The following table summarizes the status of the Company&#146;s aggregate warrants outstanding:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 3.66px"></td><td style="width: 3.66px"></td><td style="width: 3.66px"></td><td style="width: 88.8px"></td><td style="width: 4.46px"></td><td style="width: 3.73px"></td><td style="width: 6.66px"></td><td style="width: 88.86px"></td><td style="width: 3.73px"></td><td style="width: 3.73px"></td><td style="width: 3.86px"></td><td style="width: 89px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 92.46px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of Warrants</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 95.53px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 92.86px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 92.46px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 95.53px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 92.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">1.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">0.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">(28</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,856</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">0.37</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><b><u>Note 9: Stock-Based Compensation</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company grants stock-based instruments under the 2015 Stock Incentive Plan (&#147;Plan&#148;) for which 1,400,000 shares of the Company&#146;s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For the six months ended June 30, 2020 and 2019, the Company recorded compensation costs for stock options of $109,859 and $21,841, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company&#146;s Common Stock. The Company granted no options during the six months ended June 30, 2020 and 2019. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company&#146;s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company&#146;s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The following table summarizes the status of the Company&#146;s aggregate stock options granted:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 3.33px"></td><td style="width: 3.33px"></td><td style="width: 3.33px"></td><td style="width: 75.26px"></td><td style="width: 4.46px"></td><td style="width: 3.66px"></td><td style="width: 6.66px"></td><td style="width: 76.13px"></td><td style="width: 4.13px"></td><td style="width: 4.26px"></td><td style="width: 4.26px"></td><td style="width: 76.4px"></td><td style="width: 4.26px"></td><td style="width: 4.26px"></td><td style="width: 6.66px"></td><td style="width: 76.4px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 78.6px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of Options</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 82.8px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 83.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total Intrinsic Value</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 78.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 82.8px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 83.06px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">566,667</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">2.33</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">5.95</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">640,000</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.54</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">9.83</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Cancelled</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">(125,000</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">3.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.85</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.85</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Cancelled</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.35</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercisable at June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">508,333</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.96</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">5.58</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">140,000</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">During the six months ended June 30, 2020 and 2019, options for 0 and 116,667 shares vested, respectively. As of June 30, 2020, there was $515,308 of unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next three years.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 10: Commitments and Contingencies</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Officer Indemnification</u>: Under the Company&#146;s organizational documents, the Company&#146;s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company&#146;s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify"><u>Lease Commitments</u>: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2019 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of June 30, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company&#146;s rent expense for the six months ended June 30, 2020 and 2019 was $14,267 and $14,267, respectively. </p> <p style="margin: 0px; text-align: justify"><b><u>Note 11: Related Parties and Transactions</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Steve B. Warnecke:</u> Mr. Warnecke is the Company&#146;s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,932,088 shares or 29.9% of the Common Stock outstanding as of June 30, 2020. &#160;</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">During the three months ended June 30, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan. &#160;The Company has recognized the $27,350 as Accounts Payable as of June 30, 2020.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 12: Concentrations</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Considerations of Credit Risk</u>: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.</p> <p style="margin: 0px; text-align: justify"><u>Principals of Consolidation</u>: These condensed and consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Use of Estimates</u>: The preparation of condensed and consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed and consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p> <p style="margin: 0px; text-align: justify"><u>Cash</u>: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash. &#160;</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Investments</u>: The Company&#146;s short-term investments are comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at June 30, 2020 and December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Property and Equipment</u>: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.</p> <p style="margin: 0px; text-align: justify"><u>Long-Lived Assets</u>: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the six months ended June 30, 2020 and 2019.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Intangible Assets</u>: Intangible assets include acquired research in progress and patents on the Company&#146;s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress is an indefinite-lived intangible asset until the development is complete at which time the useful life of the asset will be assigned. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the six months ended June 30, 2020 and 2019. Realization of this asset is dependent upon the successful completion of the Company&#146;s research and development efforts.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Revenue Recognition:</u> In May 2014, the FASB issued new guidance related to revenue recognition, which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Grant revenue, which is not within the scope of Topic 606, consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us, and as such, are not based on estimates that are susceptible to change. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.</p> <p style="margin: 0px; text-align: justify"><u>Income Taxes</u>: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the condensed and consolidated financial statements and net deferred tax assets are adjusted accordingly. As of June 30, 2020 and December 31, 2019, a full valuation allowance has been established on the net deferred tax asset.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.</p> <p style="margin: 0px; text-align: justify"><u>Stock-Based Compensation</u>: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award. &#160;</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company&#146;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#146;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p> <p style="margin: 0px; text-align: justify"><u>Research and Development</u>: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.</p> <p style="margin: 0px; text-align: justify"><u>Net Loss Per Common Share</u>: Basic net (loss) income per common share excludes any dilutive effects of equity instruments. &#160;We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period. &#160;We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the six months and three months ended June 30, 2020, common stock equivalents including 679,923 shares of convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,856 shares of common stock were excluded because their effect was anti-dilutive. For the six months and three months ended June 30, 2019, common stock equivalents including 679,923 shares of convertible preferred stock, options for 566,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify">The following table presents the Company&#146;s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 4.66px"></td><td style="width: 4.8px"></td><td style="width: 6.66px"></td><td style="width: 87.66px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 4.86px"></td><td style="width: 4.86px"></td><td style="width: 6.66px"></td><td style="width: 87.6px"></td><td style="width: 3.6px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Quoted Prices in Active Markets for Identical Items<br /> (Level 1)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Other Observable Inputs<br /> (Level 2)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 94.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Unobservable Inputs<br /> (Level 3)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance at December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Investments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance at June 30, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Investments</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 4.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.66px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">45,493</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 87.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 3.6px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Property and equipment is comprised of the following:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>June 30,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Equipment</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Software</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Furniture and fixtures</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated depreciation</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(433,843</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(414,783</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Property and equipment, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">69,822</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">88,882</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify">Intangible assets are comprised of the following:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>June 30,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Acquired research in progress - indefinite lived</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Patents</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated amortization</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(34,350</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(33,049</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Intangible assets, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,034,291</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,035,592</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify">The following table summarizes the status of the Company&#146;s aggregate warrants outstanding:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 3.66px"></td><td style="width: 3.66px"></td><td style="width: 3.66px"></td><td style="width: 88.8px"></td><td style="width: 4.46px"></td><td style="width: 3.73px"></td><td style="width: 6.66px"></td><td style="width: 88.86px"></td><td style="width: 3.73px"></td><td style="width: 3.73px"></td><td style="width: 3.86px"></td><td style="width: 89px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 92.46px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of Warrants</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 95.53px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 92.86px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 92.46px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 95.53px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 92.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">1.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">0.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">(28</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.8px"><p style="margin: 0px; text-align: right">110,856</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 88.86px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.86px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 89px"><p style="margin: 0px; text-align: right">0.37</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"></p> <p style="margin: 0px">The following table summarizes the status of the Company&#146;s aggregate stock options granted:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 3.33px"></td><td style="width: 3.33px"></td><td style="width: 3.33px"></td><td style="width: 75.26px"></td><td style="width: 4.46px"></td><td style="width: 3.66px"></td><td style="width: 6.66px"></td><td style="width: 76.13px"></td><td style="width: 4.13px"></td><td style="width: 4.26px"></td><td style="width: 4.26px"></td><td style="width: 76.4px"></td><td style="width: 4.26px"></td><td style="width: 4.26px"></td><td style="width: 6.66px"></td><td style="width: 76.4px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 78.6px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of Options</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 82.8px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted Average Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 83.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total Intrinsic Value</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 78.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 82.8px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 83.06px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">566,667</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">2.33</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">5.95</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">640,000</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.54</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">9.83</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Cancelled</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">(125,000</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">3.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.85</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, January 1, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.85</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Granted</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercised</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Cancelled</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Balance, June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">7.35</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 8px; text-indent: -8px">Exercisable at June 30, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.26px"><p style="margin: 0px; text-align: right">508,333</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.13px"><p style="margin: 0px; text-align: right">1.96</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.13px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">5.58</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.26px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.4px"><p style="margin: 0px; text-align: right">140,000</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px"><b><u>Note 2: Summary of Significant Accounting Policies</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify"><u>Principals of Consolidation</u>: These condensed and consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Use of Estimates</u>: The preparation of condensed and consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed and consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Cash</u>: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash. &#160;</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Investments</u>: The Company&#146;s short-term investments are comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at June 30, 2020 and December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Property and Equipment</u>: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify"><u>Long-Lived Assets</u>: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the six months ended June 30, 2020 and 2019.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Intangible Assets</u>: Intangible assets include acquired research in progress and patents on the Company&#146;s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress is an indefinite-lived intangible asset until the development is complete at which time the useful life of the asset will be assigned. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the six months ended June 30, 2020 and 2019. Realization of this asset is dependent upon the successful completion of the Company&#146;s research and development efforts.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Revenue Recognition:</u> In May 2014, the FASB issued new guidance related to revenue recognition, which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance. </p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Grant revenue, which is not within the scope of Topic 606, consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us, and as such, are not based on estimates that are susceptible to change. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Income Taxes</u>: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the condensed and consolidated financial statements and net deferred tax assets are adjusted accordingly. As of June 30, 2020 and December 31, 2019, a full valuation allowance has been established on the net deferred tax asset.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Stock-Based Compensation</u>: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award. &#160;</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify">The Company&#146;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#146;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Research and Development</u>: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; text-align: justify"><u>Net Loss Per Common Share</u>: Basic net (loss) income per common share excludes any dilutive effects of equity instruments. &#160;We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period. &#160;We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the six months and three months ended June 30, 2020, common stock equivalents including 679,923 shares of convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,856 shares of common stock were excluded because their effect was anti-dilutive. For the six months and three months ended June 30, 2019, common stock equivalents including 679,923 shares of convertible preferred stock, options for 566,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px; text-align: justify"><u>Subsequent Events</u>: The Company has evaluated all subsequent events through the date of this filing. On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease). &#160;Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company&#146;s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project.</p> <p style="margin: 0px; text-align: justify"></p> <p style="margin: 0px; text-align: justify"><u>Subsequent Events</u>: The Company has evaluated all subsequent events through the date of this filing. On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease). &#160;Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company&#146;s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 13: Liquidity</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <a name="Hlk46482030"></a><a name="Hlk48195428"></a><p style="margin: 0px; text-align: justify">On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease). &#160;Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company&#146;s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months. &#160;If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.</p> EX-101.SCH 6 fnam-20200630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed and Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed and Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed and Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed and Consolidated Statement of Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed and Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Business Activity link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - New Accounting Standards link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Stockholders' Equity and Warrants link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Related Parties and Transactions link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Concentrations link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Liquidity link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Stockholders' Equity and Warrants (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Business Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Summary of Significant Accounting Policies (Other) (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Summary of Significant Accounting Policies (Property and Equipment) (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Summary of Significant Accounting Policies (Intangible Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Stockholders' Equity and Warrants (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Stock-Based Compensation (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Stock-Based Compensation (Summary of Stock Options Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Related Parties and Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Liquidity (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 fnam-20200630_cal.xml XBRL CALCULATION FILE EX-101.DEF 8 fnam-20200630_def.xml XBRL DEFINITION FILE EX-101.LAB 9 fnam-20200630_lab.xml XBRL LABEL FILE Range [Axis] Minimum [Member] Maximum [Member] Class of Stock [Axis] Series A-1 Convertible Preferred Stock [Member] Antidilutive Securities [Axis] Convertible Preferred Stock [Member] Stock Options [Member] Common Stock and Warrants [Member] Related Party Transaction [Axis] Chief Executive Officer [Member] Finite-Lived Intangible Assets by Major Class [Axis] Patents [Member] Equity Components [Axis] Common Stock [Member] Preferred Dividend [Member] Additional Paid-In Capital [Member] Accumulated Deficit [Member] Series A-2 Convertible Preferred Stock [Member] Series A-1 Convertible Preferred Stock [Member] Series A-2 Convertible Preferred Stock [Member] Fair Value, Hierarchy [Axis] Quoted Prices in Active Markets for Identical Items (Level 1) [Member] Significant Other Observable Inputs (Level 2) [Member] Significant Unobservable Inputs (Level 3) [Member] Property, Plant and Equipment, Type [Axis] Equipment [Member] Software [Member] Furniture and fixtures [Member] Acquired research in progress [Member] Debt Instrument [Axis] SBA Paycheck Protection Program [Member[ Economic Injury Disaster Loan [Member[ EIDL Program [Member[ Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Entity Current Reporting Status Entity Interactive Data Current Entity Incorporation State Country Name Entity File Number Statement [Table] Statement [Line Items] ASSETS Current assets Cash Accounts receivable Investments Prepaid expenses Total current assets Non-current assets Property and equipment, net Intangible assets, net Total non-current assets Total assets LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities Accounts payable and accrued expenses Current portion of notes payable Total current liabilities Long-term liabilities Notes payable Deferred tax liability Total liabilities Commitments and contingencies Total preferred stock subject to possible redemption Stockholders' equity Preferred Stock Common Stock, $0.001 par value; 780,000,000 shares authorized, 5,881,898 shares issued and outstanding at June 30, 2020 and December 31, 2019 Additional paid-in capital Accumulated deficit Total stockholders' (deficit) equity Total liabilities and stockholders' (deficit) equity Preferred stock, par value Preferred stock, authorized shares Preferred stock, issued shares Preferred stock, outstanding shares Preferred stock, liquidation preference Common stock, par value Common stock, authorized shares Common stock, issued shares Common stock, outstanding shares Income Statement [Abstract] Grant revenue Operating expenses Research and development Salaries and benefits General and administrative Total operating expenses Operating loss Other income (expenses): Investment income Unrealized gain or (loss) on investments Total other income (expenses) Loss before income taxes Income taxes Net loss Preferred stock dividend Net loss attributable to common stockholders Net loss per common share, basic and diluted Weighted average common shares outstanding, basic and diluted Balance Balance, shares Stock compensation Preferred stock dividends Net loss Balance Balance, shares Statement of Cash Flows [Abstract] Cash flows from operating activities: Adjustments to reconcile net loss to net cash flows from operating activities Depreciation and amortization Stock-based compensation Unrealized (gain) or loss on investments Deferred income taxes Changes in operating assets and liabilities: Accounts receivable Prepaid expenses Accounts payable and accrued expenses Cash flows from operating activities Cash flows from investing activities: Purchase of trading securities Cash flows from investing activities Cash flows from financing activities: Proceeds from issuance of notes payable Proceeds from issuance of preferred stock Cash flows from financing activities Net change in cash Cash, beginning of period Cash, end of period Supplemental cash flow information Preferred stock dividend accrual Organization, Consolidation and Presentation of Financial Statements [Abstract] Business Activity Accounting Policies [Abstract] Summary of Significant Accounting Policies Accounting Changes and Error Corrections [Abstract] New Accounting Standards Fair Value Disclosures [Abstract] Fair Value Measurements Property, Plant and Equipment [Abstract] Property and Equipment Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Debt Disclosure [Abstract] Notes Payable Equity [Abstract] Stockholders' Equity and Warrants Share-based Payment Arrangement [Abstract] Stock-Based Compensation Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Related Party Transactions [Abstract] Related Parties and Transactions Risks and Uncertainties [Abstract] Concentrations Liquidity Subsequent Events [Abstract] Subsequent Events Principals of Consolidation Use of Estimates Cash Accounts Receivable Investments Property and Equipment Long-Lived Assets Intangible Assets Billings in Excess of Costs Revenue Recognition Income Taxes Stock-Based Compensation Research and Development Net Loss Per Common Share Subsequent Events Schedule of Assets and Liabilities Measured at Fair Value Schedule of Property and Equipment Schedule of Intangible Assets Summary of Warrants Activity Schedule of Assumptions Used to Value Stock Options Schedule of Stock Option Activity Percentage of outstanding stock purchased during reverse merger with Fona, Inc. Asset impairment charges Property, Plant and Equipment [Table] Property, Plant and Equipment [Line Items] Statistical Measurement [Axis] Estimated useful lives of property and equipment Schedule of Finite-Lived Intangible Assets [Table] Acquired Finite-Lived Intangible Assets [Line Items] Intangible assets useful lives Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive shares excluded from earnings per share calculation Fair Value, Recurring and Nonrecurring [Table] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value Hierarchy and NAV [Axis] Investments Total Long-Lived Tangible Asset [Axis] Property and equipment, gross Accumulated depreciation Property and equipment, net Depreciation expense Finite-Lived Intangible Assets [Line Items] Intangible assets, gross Intangible assets, accumulated amortization Amortization expense Additional expected costs to complete research Year one Year two Year three Year four Year five After year five Proceeds Monthly payment Interest rate Accrued interest Schedule of Stock by Class [Table] Class of Stock [Line Items] Capital stock, authorized shares Stated per share value of preferred stock Liquidation preference per share Dividend rate Dividends accrued Number of Warrants Warrants outstanding at beginning of period Granted Exercised Expired Warrants outstanding at end of period Weighted Average Exercise Price Warrants outstanding at beginning of period Granted Exercised Expired Warrants outstanding at end of period Weighted Average Remaining Term (Years) Number of shares reserved for issuance under 2015 Stock Incentive Plan Expiration period for stock options Compensation costs for incentive stock options Stock options granted during period Number of shares vested during the period Unrecognized compensation cost related to share-based compensation arrangements Unrecognized compensation cost period of recognition Number of Options Balance, beginning Granted Exercised Cancelled Balance, ending Exercisable Outstanding, intrinsic value Exercisable, intrinsic value Weighted Average Exercise Price Balance, beginning Granted Exercised Cancelled Balance, ending Exercisable Outstanding, contractual term Exercisable, contractual term Granted, contractual term Cancelled, contractual term Monthly rent payment Future lease commitments Rent expense Total amount of grant revenue recognized to date Total possible future royalties owed Accrued royalties Payments for royalties Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Line Items] Number of common stock shares outstanding owned by related party Percentage of common stock shares outstanding owned by related party Accounts payable Funding from SBA Additional expected costs to complete research. The accounting policy for billings in excess of costs. Total number of preferred and common stock authorized. Common Stock and Warrants [Member] Convertible Preferred Stock Series A-2 [Member] EG I, LLC [Member] Evolutionary Genomics, Inc. [Member] Future lease commitments. Member Of Board Of Directors [Member] Monthly rent payment. Number of common stock shares outstanding owned by related party. Percentage of common stock shares outstanding owned by related party. Percentage of outstanding stock purchased during reverse merger with Fona, Inc. Preferred stock dividend accrual. Series A-2 Preferred Stock [Member] Weighted average price at which holders acquired shares when converting equity instruments other than options into shares. Weighted average price at which grantees could have acquired the underlying shares with respect to equity instrument other than options that have expired. Weighted average per share amount at which grantees can acquire shares of common stock by exercise of equity instruments other than options. Weighted average price at which grantees can acquire the shares reserved for issuance for equity instruments other than options. Sixty-Five Roses Ranch, Inc. [Member] Stated per share value of preferred stock. Total amount of grant revenue recognized to date. Total possible future royalties owed. VetDC, Inc. [Member] Weighted average remaining contractual term for warrants. Granted, contractual term. Cancelled, contractual term. Funding from SBA. SBA Paycheck Protection Program Member Economic Injury Disaster Loan Member EIDL Program Member Series A Preferred Stock [Member] Share Based Compensation Arrangement By Share Based Payment Award Instruments Other Than Options Grants In Period Weighted Average Exercise Price Assets, Current Assets, Noncurrent Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Operating Expenses Operating Income (Loss) Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income Tax Expense (Benefit) Preferred Stock Dividends, Income Statement Impact Net Income (Loss) Available to Common Stockholders, Basic Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable and Accrued Liabilities Net Cash Provided by (Used in) Operating Activities Payments to Acquire Trading Securities Held-for-investment Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect Cash and Cash Equivalents, Policy [Policy Text Block] Marketable Securities, Policy [Policy Text Block] Property, Plant and Equipment, Policy [Policy Text Block] Goodwill and Intangible Assets, Policy [Policy Text Block] Share-based Payment Arrangement [Policy Text Block] Subsequent Events, Policy [Policy Text Block] Investments [Default Label] Assets, Fair Value Disclosure Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Finite-Lived Intangible Assets, Accumulated Amortization Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations Share Based Compensation Arrangement By Share Based Payment Award Instruments Other Than Options Outstanding Weighted Average Exercise Price Share Based Compensation Arrangement By Share Based Payment Award Instruments Other Than Options Grants In Period Weighted Average Exercise Price [Default Label] Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price EX-101.PRE 10 fnam-20200630_pre.xml XBRL PRESENTATION FILE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.20.2
Document and Entity Information
6 Months Ended
Jun. 30, 2020
shares
Document And Entity Information [Abstract]  
Entity Registrant Name EVOLUTIONARY GENOMICS, INC.
Entity Central Index Key 0000884363
Document Type 10-Q
Document Period End Date Jun. 30, 2020
Amendment Flag false
Current Fiscal Year End Date --12-31
Entity Filer Category Non-accelerated Filer
Entity Small Business true
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 5,881,898
Document Fiscal Period Focus Q2
Document Fiscal Year Focus 2020
Entity Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Incorporation State Country Name NV
Entity File Number 000-54129
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed and Consolidated Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 2,451 $ 45,441
Accounts receivable 6,845
Investments 45,493 41,694
Prepaid expenses 18,262 24,183
Total current assets 66,206 118,163
Non-current assets    
Property and equipment, net 69,822 88,882
Intangible assets, net 4,034,291 4,035,592
Total non-current assets 4,104,113 4,124,474
Total assets 4,170,319 4,242,637
Current liabilities    
Accounts payable and accrued expenses 149,584 19,415
Current portion of notes payable 31,344
Total current liabilities 180,928 19,415
Long-term liabilities    
Notes payable 192,924
Deferred tax liability 987,353 987,353
Total liabilities 1,361,205 1,006,768
Commitments and contingencies
Total preferred stock subject to possible redemption 3,569,594 3,569,594
Stockholders' equity    
Preferred Stock 1,093,444 950,661
Common Stock, $0.001 par value; 780,000,000 shares authorized, 5,881,898 shares issued and outstanding at June 30, 2020 and December 31, 2019 5,882 5,882
Additional paid-in capital 12,048,477 12,081,401
Accumulated deficit (13,908,283) (13,371,669)
Total stockholders' (deficit) equity (760,480) (333,725)
Total liabilities and stockholders' (deficit) equity 4,170,319 4,242,637
Series A-1 Convertible Preferred Stock [Member]    
Long-term liabilities    
Total preferred stock subject to possible redemption 3,029,579 3,029,579
Series A-2 Convertible Preferred Stock [Member]    
Long-term liabilities    
Total preferred stock subject to possible redemption $ 540,015 $ 540,015
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed and Consolidated Balance Sheets (Parenthetical) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 20,000,000 20,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, authorized shares 780,000,000 780,000,000
Common stock, issued shares 5,881,898 5,881,898
Common stock, outstanding shares 5,881,898 5,881,898
Series A-1 Convertible Preferred Stock [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 600,000 600,000
Preferred stock, issued shares 577,063 577,063
Preferred stock, outstanding shares 577,063 577,063
Preferred stock, liquidation preference $ 4,074,411  
Series A-2 Convertible Preferred Stock [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 200,000 200,000
Preferred stock, issued shares 102,860 102,860
Preferred stock, outstanding shares 102,860 102,860
Preferred stock, liquidation preference $ 588,628  
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed and Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Grant revenue $ 50,753 $ 12,500 $ 83,119
Operating expenses        
Research and development 167,526 113,658 260,748 245,342
Salaries and benefits 93,229 42,062 185,659 96,841
General and administrative 49,842 66,360 106,507 124,614
Total operating expenses 310,597 222,080 552,914 466,797
Operating loss (310,597) (171,327) (540,414) (383,678)
Other income (expenses):        
Investment income 25 1 36
Unrealized gain or (loss) on investments 15,799 (10,443) 3,799 1,500
Total other income (expenses) 15,799 (10,418) 3,800 1,536
Loss before income taxes (294,798) (181,745) (536,614) (382,142)
Income taxes
Net loss (294,798) (181,745) (536,614) (382,142)
Preferred stock dividend (71,392) (66,004) (142,783) (126,595)
Net loss attributable to common stockholders $ (366,190) $ (247,749) $ (679,397) $ (508,737)
Net loss per common share, basic and diluted $ (0.06) $ (0.04) $ (0.12) $ (0.09)
Weighted average common shares outstanding, basic and diluted 5,881,898 5,881,898 5,881,898 5,881,898
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed and Consolidated Statement of Stockholders' Equity - USD ($)
Common Stock [Member]
Preferred Dividend [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2018 $ 5,882 $ 681,282 $ 12,294,952 $ (12,578,529) $ 403,587
Balance, shares at Dec. 31, 2018 5,881,898        
Stock compensation     17,278   17,278
Preferred stock dividends   60,591 (60,591)  
Net loss       (200,397) (200,397)
Balance at Mar. 31, 2019 $ 5,882 741,873 12,251,639 (12,778,926) 220,468
Balance, shares at Mar. 31, 2019 5,881,898        
Balance at Dec. 31, 2018 $ 5,882 681,282 12,294,952 (12,578,529) 403,587
Balance, shares at Dec. 31, 2018 5,881,898        
Net loss         (382,142)
Balance at Jun. 30, 2019 $ 5,882 807,877 12,190,198 (12,960,671) 43,286
Balance, shares at Jun. 30, 2019 5,881,898        
Balance at Mar. 31, 2019 $ 5,882 741,873 12,251,639 (12,778,926) 220,468
Balance, shares at Mar. 31, 2019 5,881,898        
Stock compensation     4,563   4,563
Preferred stock dividends   66,004 (66,004)  
Net loss       (181,745) (181,745)
Balance at Jun. 30, 2019 $ 5,882 807,877 12,190,198 (12,960,671) 43,286
Balance, shares at Jun. 30, 2019 5,881,898        
Balance at Dec. 31, 2019 $ 5,882 950,661 12,081,401 (13,371,669) $ (333,725)
Balance, shares at Dec. 31, 2019 5,881,898       5,881,898
Stock compensation     54,930   $ 54,930
Preferred stock dividends   71,391 (71,391)  
Net loss       (241,816) (241,816)
Balance at Mar. 31, 2020 $ 5,882 1,022,052 12,064,940 (13,613,485) (520,611)
Balance, shares at Mar. 31, 2020 5,881,898        
Balance at Dec. 31, 2019 $ 5,882 950,661 12,081,401 (13,371,669) $ (333,725)
Balance, shares at Dec. 31, 2019 5,881,898       5,881,898
Net loss         $ (536,614)
Balance at Jun. 30, 2020 $ 5,882 1,093,444 12,048,477 (13,908,283) $ (760,480)
Balance, shares at Jun. 30, 2020 5,881,898       5,881,898
Balance at Mar. 31, 2020 $ 5,882 1,022,052 12,064,940 (13,613,485) $ (520,611)
Balance, shares at Mar. 31, 2020 5,881,898        
Stock compensation     54,929   54,929
Preferred stock dividends   71,392 (71,392)  
Net loss       (294,798) (294,798)
Balance at Jun. 30, 2020 $ 5,882 $ 1,093,444 $ 12,048,477 $ (13,908,283) $ (760,480)
Balance, shares at Jun. 30, 2020 5,881,898       5,881,898
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed and Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (536,614) $ (382,142)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 20,361 20,361
Stock-based compensation 109,859 21,841
Unrealized (gain) or loss on investments (3,799) (1,500)
Changes in operating assets and liabilities:    
Accounts receivable 6,845 (10,314)
Prepaid expenses 5,921 4,375
Accounts payable and accrued expenses 130,169 20,936
Cash flows from operating activities (267,258) (326,443)
Cash flows from investing activities:    
Cash flows from investing activities
Cash flows from financing activities:    
Proceeds from issuance of notes payable 224,268
Proceeds from issuance of preferred stock 540,015
Cash flows from financing activities 224,268 540,015
Net change in cash (42,990) 213,572
Cash, beginning of period 45,441 131,406
Cash, end of period 2,451 344,978
Supplemental cash flow information    
Preferred stock dividend accrual $ 142,783 $ 126,595
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Business Activity
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Activity

Note 1: Business Activity


Evolutionary Genomics, Inc. (the “Company,” “We,” or “Our”) has developed a technology platform, the Adapted Traits Platform (“ATP”), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.


The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.


During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (“Fona”) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the “Merger”), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.

XML 18 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 2: Summary of Significant Accounting Policies


Principals of Consolidation: These condensed and consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.


Use of Estimates: The preparation of condensed and consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed and consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.


Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.  


Investments: The Company’s short-term investments are comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at June 30, 2020 and December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification.


Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.


Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the six months ended June 30, 2020 and 2019.


Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress is an indefinite-lived intangible asset until the development is complete at which time the useful life of the asset will be assigned. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the six months ended June 30, 2020 and 2019. Realization of this asset is dependent upon the successful completion of the Company’s research and development efforts.


Revenue Recognition: In May 2014, the FASB issued new guidance related to revenue recognition, which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance.


Grant revenue, which is not within the scope of Topic 606, consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us, and as such, are not based on estimates that are susceptible to change. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.


Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the condensed and consolidated financial statements and net deferred tax assets are adjusted accordingly. As of June 30, 2020 and December 31, 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.


Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.


Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.


Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the six months and three months ended June 30, 2020, common stock equivalents including 679,923 shares of convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,856 shares of common stock were excluded because their effect was anti-dilutive. For the six months and three months ended June 30, 2019, common stock equivalents including 679,923 shares of convertible preferred stock, options for 566,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.


Subsequent Events: The Company has evaluated all subsequent events through the date of this filing. On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project.

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.20.2
New Accounting Standards
6 Months Ended
Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]  
New Accounting Standards

Note 3: New Accounting Standards


Recently Issued Accounting Standards


In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have a significant impact on the Company’s condensed and consolidated financial statements.

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 4: Fair Value Measurements


The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.


ASC 820 provides three levels of the fair value hierarchy as described below:


Level 1 Inputs – Quoted prices (unadjusted) in active markets for identical assets or liabilities.


Level 2 Inputs – Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.


Level 3 Inputs – Unobservable inputs that are supported by little or no market activity.


When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.


The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

Balance at June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 

 

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 


For the Company’s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, accrued expenses and debt, approximates their fair value at June 30, 2020 and December 31, 2019 due to the relatively short-term nature of these instruments or the existence of variable interest rates that approximate prevailing market rates.

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Property and Equipment
6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5: Property and Equipment


Property and equipment is comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(433,843

)

 

 

(414,783

)

Property and equipment, net

 

$

69,822

 

 

$

88,882

 


Depreciation expense for the six months ended June 30, 2020 and 2019 was $19,060 and $19,060, respectively. Depreciation expense for the three months ended June 30, 2020 and 2019 was $9,531 and $9,531, respectively.

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6: Intangible Assets


Intangible assets are comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress - indefinite lived

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(34,350

)

 

 

(33,049

)

Intangible assets, net

 

$

4,034,291

 

 

$

4,035,592

 


The Company expects to recognize $2,602 of amortization expense related to its patents during each of the next five years and the remaining $4,685 thereafter. Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $1,301 and $1,301, respectively. Amortization expense for the patents during the three months ended June 30, 2020 and 2019 was $650 and $651, respectively.


In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. Acquired research in progress is an indefinite lived intangible asset until the development phase is complete, at which time a useful life of the asset will be determined. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes late in 2020, the Company will place this asset in service in the third quarter of 2020. Additional costs to complete the soybean research are expected to be approximately $102,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company’s control.


We previously expected to complete the soybean research in the second quarter of 2020.  Our academic labs informed us that they were not starting any new projects in the second quarter due to the COVID-19 pandemic and we now believe that the project will be delayed until later in 2020.  If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted.

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Notes Payable
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Notes Payable

Note 7: Notes Payable


Small Business Administration (“SBA”) Paycheck Protection Program:  On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program.  Under the program, the Company may apply for forgiveness of the debt based on the use of the proceeds over the 24-week period following funding of the loan.  As of June 30, 2020, the Company’s qualified use of proceeds has exceeded the loan amount and expects to receive forgiveness for the full loan amount.  To the extent that the loan is not forgiven, the loan accrues interest at 1 percent and has monthly payments of $4,010.75 starting October 16, 2020.


SBA Economic Injury Disaster Loan:  On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (“EIDL”) advance which is not required to be repaid and was recognized as other income during the six months ended June 30, 2020.  On June 5, 2020, the Company received $150,000 in proceeds from the SBA’s EIDL Program.  Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021).  The Company granted to the SBA a continuing security interest in all tangible and intangible personal property.  The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA.  As of June 30, 2020, the Company recognized $385 of accrued interest on the note.

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity and Warrants
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Stockholders' Equity and Warrants

Note 8: Stockholders’ Equity and Warrants


The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (“Series A-1”) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (“Series A-2”). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.


Liquidation: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of June 30, 2020 and December 31, 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature.


Conversion: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.


Optional Redemption; Sinking Fund Account: The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2019, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of June 30, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established.


Dividends: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of June 30, 2020, there were $1,093,444 in accrued stock dividends.


Voting: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class.


Warrants: As of June 30, 2020 and December 31, 2019, the Company had outstanding warrants to purchase 110,856 and 110,884 shares, respectively of the Company’s Common Stock. The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(28

)

 

 

6.60

 

 

 

 

Balance, June 30, 2020

 

 

 

110,856

 

 

$

6.60

 

 

 

0.37

 

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation

Note 9: Stock-Based Compensation


The Company grants stock-based instruments under the 2015 Stock Incentive Plan (“Plan”) for which 1,400,000 shares of the Company’s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For the six months ended June 30, 2020 and 2019, the Company recorded compensation costs for stock options of $109,859 and $21,841, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company’s Common Stock. The Company granted no options during the six months ended June 30, 2020 and 2019.


Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company’s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company’s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.


The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

Total Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.35

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2020

 

 

 

508,333

 

 

$

1.96

 

 

 

5.58

 

 

$

140,000

 


During the six months ended June 30, 2020 and 2019, options for 0 and 116,667 shares vested, respectively. As of June 30, 2020, there was $515,308 of unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next three years.

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies
6 Months Ended
Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 10: Commitments and Contingencies


Officer Indemnification: Under the Company’s organizational documents, the Company’s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.


Lease Commitments: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2019 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of June 30, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company’s rent expense for the six months ended June 30, 2020 and 2019 was $14,267 and $14,267, respectively.

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.20.2
Related Parties and Transactions
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
Related Parties and Transactions

Note 11: Related Parties and Transactions


Steve B. Warnecke: Mr. Warnecke is the Company’s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,932,088 shares or 29.9% of the Common Stock outstanding as of June 30, 2020.  


During the three months ended June 30, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan.  The Company has recognized the $27,350 as Accounts Payable as of June 30, 2020.

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.20.2
Concentrations
6 Months Ended
Jun. 30, 2020
Risks and Uncertainties [Abstract]  
Concentrations

Note 12: Concentrations


Considerations of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.20.2
Liquidity
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Liquidity

Note 13: Liquidity


On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Principals of Consolidation

Principals of Consolidation: These condensed and consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.

Use of Estimates

Use of Estimates: The preparation of condensed and consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed and consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.

Cash

Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.  

Investments

Investments: The Company’s short-term investments are comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at June 30, 2020 and December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purposes of determining realized gains and losses, the cost of securities sold is based on specific identification.

Property and Equipment

Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.

Long-Lived Assets

Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the six months ended June 30, 2020 and 2019.

Intangible Assets

Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress is an indefinite-lived intangible asset until the development is complete at which time the useful life of the asset will be assigned. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the six months ended June 30, 2020 and 2019. Realization of this asset is dependent upon the successful completion of the Company’s research and development efforts.

Revenue Recognition

Revenue Recognition: In May 2014, the FASB issued new guidance related to revenue recognition, which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance.


Grant revenue, which is not within the scope of Topic 606, consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us, and as such, are not based on estimates that are susceptible to change. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.

Income Taxes

Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the condensed and consolidated financial statements and net deferred tax assets are adjusted accordingly. As of June 30, 2020 and December 31, 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.

Stock-Based Compensation

Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

Research and Development

Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.

Net Loss Per Common Share

Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the six months and three months ended June 30, 2020, common stock equivalents including 679,923 shares of convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,856 shares of common stock were excluded because their effect was anti-dilutive. For the six months and three months ended June 30, 2019, common stock equivalents including 679,923 shares of convertible preferred stock, options for 566,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.

Subsequent Events

Subsequent Events: The Company has evaluated all subsequent events through the date of this filing. On August 19, 2020, the Company entered into a Development and Commercialization Agreement with Dole Food Company for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole balances to Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project.

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

Balance at June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 

 

 

 

$

45,493

 

 

$

45,493

 

 

$

 

 

$

 

XML 32 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment


Property and equipment is comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(433,843

)

 

 

(414,783

)

Property and equipment, net

 

$

69,822

 

 

$

88,882

 

XML 33 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets are comprised of the following:


 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress - indefinite lived

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(34,350

)

 

 

(33,049

)

Intangible assets, net

 

$

4,034,291

 

 

$

4,035,592

 

XML 34 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity and Warrants (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Summary of Warrants Activity

The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(28

)

 

 

6.60

 

 

 

 

Balance, June 30, 2020

 

 

 

110,856

 

 

$

6.60

 

 

 

0.37

 

XML 35 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Term(Years)

 

 

Total Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.85

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, June 30, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.35

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2020

 

 

 

508,333

 

 

$

1.96

 

 

 

5.58

 

 

$

140,000

 

XML 36 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Business Activity (Details)
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Percentage of outstanding stock purchased during reverse merger with Fona, Inc. 75.16%
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Other) (Details) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Accounting Policies [Abstract]    
Asset impairment charges
XML 38 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Property and Equipment) (Details)
6 Months Ended
Jun. 30, 2020
Minimum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of property and equipment 3 years
Maximum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of property and equipment 7 years
XML 39 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Intangible Assets) (Details)
6 Months Ended
Jun. 30, 2020
Patents [Member]  
Acquired Finite-Lived Intangible Assets [Line Items]  
Intangible assets useful lives 20 years
XML 40 R30.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) - shares
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Convertible Preferred Stock [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares excluded from earnings per share calculation 679,923 679,923 679,923 679,923
Stock Options [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares excluded from earnings per share calculation 1,081,667 566,667 1,081,667 566,667
Common Stock and Warrants [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive shares excluded from earnings per share calculation 110,856 110,884 110,856 110,884
XML 41 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements (Details) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments $ 45,493 $ 41,694
Total 45,493 41,694
Quoted Prices in Active Markets for Identical Items (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 45,493 41,694
Total 45,493 41,694
Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments
Total
Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments
Total
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Property and Equipment (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Property, Plant and Equipment [Line Items]          
Property and equipment, gross $ 503,665   $ 503,665   $ 503,665
Accumulated depreciation (433,843)   (433,843)   (414,783)
Property and equipment, net 69,822   69,822   88,882
Depreciation expense 9,531 $ 9,531 19,060 $ 19,060  
Equipment [Member]          
Property, Plant and Equipment [Line Items]          
Property and equipment, gross 432,499   432,499   432,499
Software [Member]          
Property, Plant and Equipment [Line Items]          
Property and equipment, gross 63,179   63,179   63,179
Furniture and fixtures [Member]          
Property, Plant and Equipment [Line Items]          
Property and equipment, gross $ 7,987   $ 7,987   $ 7,987
XML 43 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Intangible Assets (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]          
Intangible assets, accumulated amortization $ (34,350)   $ (34,350)   $ (33,049)
Intangible assets, net 4,034,291   4,034,291   4,035,592
Acquired research in progress [Member]          
Finite-Lived Intangible Assets [Line Items]          
Intangible assets, gross 4,016,596   4,016,596   4,016,596
Additional expected costs to complete research 102,000   102,000    
Patents [Member]          
Finite-Lived Intangible Assets [Line Items]          
Intangible assets, gross 52,045   52,045   $ 52,045
Amortization expense 1,301 $ 1,301 650 $ 651  
Year one 2,602   2,602    
Year two 2,602   2,602    
Year three 2,602   2,602    
Year four 2,602   2,602    
Year five 2,602   2,602    
After year five $ 4,685   $ 4,685    
XML 44 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Notes Payable (Details) - USD ($)
6 Months Ended
Jun. 05, 2020
Apr. 17, 2020
Jun. 30, 2020
Jun. 30, 2019
Proceeds     $ 224,268
SBA Paycheck Protection Program [Member[        
Proceeds   $ 71,268    
Monthly payment   $ 4,011    
Interest rate   1.00%    
Economic Injury Disaster Loan [Member[        
Proceeds $ 3,000      
EIDL Program [Member[        
Proceeds 150,000      
Monthly payment $ 731      
Interest rate 3.75%      
Accrued interest     $ 385  
XML 45 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity and Warrants (Narrative) (Details) - USD ($)
6 Months Ended
Jun. 30, 2020
May 01, 2020
Dec. 31, 2019
Oct. 19, 2015
Class of Stock [Line Items]        
Capital stock, authorized shares       800,000,000
Common stock, authorized shares 780,000,000   780,000,000 780,000,000
Common stock, par value $ 0.001   $ 0.001 $ 0.001
Preferred stock, authorized shares 20,000,000   20,000,000 20,000,000
Preferred stock, par value $ 0.001   $ 0.001 $ .001
Dividends accrued $ 1,093,444      
Series A-1 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares       600,000
Preferred stock, par value       $ 0.001
Dividend rate 8.00%      
Series A-2 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares   200,000    
Dividend rate 8.00%      
Series A-1 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares 600,000   600,000  
Preferred stock, par value $ 0.001   $ 0.001  
Stated per share value of preferred stock $ 5.25   $ 5.25  
Series A-2 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares 200,000   200,000  
Preferred stock, par value $ 0.001   $ 0.001  
Stated per share value of preferred stock $ 5.25   $ 5.25  
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) - $ / shares
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Dec. 31, 2018
Number of Warrants      
Warrants outstanding at beginning of period 110,884 110,884  
Granted  
Exercised  
Expired (28)  
Warrants outstanding at end of period 110,856 110,884 110,884
Weighted Average Exercise Price      
Warrants outstanding at beginning of period $ 6.60 $ 6.60  
Granted  
Exercised  
Expired 6.60  
Warrants outstanding at end of period $ 6.60 $ 6.60 $ 6.60
Weighted Average Remaining Term (Years) 4 months 13 days 10 months 14 days 1 year 10 months 14 days
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation (Narrative) (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]      
Number of shares reserved for issuance under 2015 Stock Incentive Plan 1,400,000    
Expiration period for stock options 10 years    
Compensation costs for incentive stock options $ 109,859 $ 21,841  
Stock options granted during period 640,000
Number of shares vested during the period 0 116,667  
Unrecognized compensation cost related to share-based compensation arrangements $ 515,308    
Unrecognized compensation cost period of recognition 3 years    
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.20.2
Stock-Based Compensation (Summary of Stock Options Activity) (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Number of Options        
Balance, beginning 1,081,667 566,667 566,667  
Granted 640,000  
Exercised    
Cancelled   (125,000)  
Balance, ending 1,081,667   1,081,667 566,667
Exercisable 508,333      
Outstanding, intrinsic value      
Exercisable, intrinsic value $ 140,000      
Weighted Average Exercise Price        
Balance, beginning $ 1.74 $ 2.33 $ 2.33  
Granted   1.54  
Exercised    
Cancelled   3.00  
Balance, ending 1.74   $ 1.74 $ 2.33
Exercisable $ 1.96      
Outstanding, contractual term 7 years 4 months 6 days   7 years 10 months 6 days 5 years 11 months 12 days
Exercisable, contractual term 5 years 6 months 29 days      
Granted, contractual term     9 years 9 months 29 days  
Cancelled, contractual term     7 years  
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments and Contingencies (Details) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]    
Monthly rent payment $ 2,378  
Rent expense $ 14,267 $ 14,267
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Related Parties and Transactions (Details) - Chief Executive Officer [Member]
Jun. 30, 2020
USD ($)
shares
Related Party Transaction [Line Items]  
Number of common stock shares outstanding owned by related party | shares 1,932,088
Percentage of common stock shares outstanding owned by related party 29.90%
Accounts payable | $ $ 27,350
EXCEL 51 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( #%N$U$'04UB@0 +$ 0 9&]C4')O<',O87!P+GAM M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGDK7A.YNJQ<&4GPZ4A!0W_J=0U[R;UEA_6\#MI7E!+ P04 M " Q;A-187.=J.\ K @ $0 &1O8U!R;W!S+V-O&ULS9+! M3L,P#(9?!>7>NFD18E&7"]-.("$Q"<0MG_$ P>"' M.1"417$'GMA8PP8F8!86HM"U1861#'?QC+>XX,-G;&:81:"&/+6<0.82A)XF MAM/0U' %3#"FZ--W@>Q"G*M_8N<.B'-R2&Y)]7V?]]6<&W>0\/;T^#*OF[DV ML6F1QE_)*3X%6HO+Y-?J8;/;"ET699$5]YE<[62E;E>JK-XGUQ]^5V'?6;=W M_]CX(JAK^'47^@M02P,$% @ ,6X349E&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R M> +]O6N[!3+ MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,! M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2 MBW A(5M>5 TR M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$ MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH] M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9 M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+ MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+ M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>* M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_# M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0 MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5YYNTB42%(JP# 4A M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.' MYA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_ M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]! MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04 M" Q;A-1*2*RK,\# #C#0 & 'AL+W=OVJ[N=J>SLP\1HC %XDU"K=_^ MG@""=P>/]J%"R/GGEY/PYV2P$_)519QK\IXFF1I:D=;;3[:M@HBG3%V++<_@ MR5K(E&FXE1M;;25G81&4)K;K.'T[97%FC09%VY,<#42NDSCC3Y*H/$V9W$]X M(G9#BUJ'AD6\B;1IL$>#+=OP)=<_MD\2[NQ:)8Q3GJE89$3R]= :TT\3US$! M18_GF._4T34Q4UD)\6IN9N'0<@P13WB@C02#GS<^Y4EBE(#CWTK4JLB%V7WDUH9[1"T2BBO]D5_;M>A8) M/6^O M4/7.S7O<.F_R:[Q26L*>^8T,UJT'ZQ:#=4\,5NDO^"8VHC#JG*6\+;=G=)X? M__GQ??8X'R]>R)>[^>/#;+J\(K/Y]!JA[-64O4LHIY 5R1+(1LC?R=]\W\:) M*SGPY_M=K^\A6/T:JX^*U2OU?;]MS1D>3IW.-X3BIJ:XN8SBB;.-N0 M+Z"@(S(5Z99E[;G#!<_M,MI8-_4NRE4$WW(4")*/.9::?BX0@Y;&4OE7J%L2JBW4<_WJ7_K#^RW-JC&S2ENPK5C5:]C M95SWT-R^L7"Y;RZ6JL;,Z85N?FP2IYEPL3/^21MSI[@G'Q:P,K %WPJIS:Y? M:J9/H.&*+VB50AMKI[@WUZ6)YK*L8(V=L@-J*QFN>(:L,7N*^W--%@@)Z2K+ M)I,O#B]"#C7$_F25;/IGGZ>I/IZZ*3UP$*IE.KTO=VS8D M^ZCN-CY9G"X4"?!V9L5I&$KR'4N;Z!MU&6)XKR M1HMM4<6OA(8S07$9P2F,2],!GJ^%T(<;,T!]KAO]!U!+ P04 " Q;A-1 M(K:7%>\% #7& & 'AL+W=OSU5)_=U>LEJ*2"<_870'**DUI\?2. M)>+A:H9FSU]\YMN=K+]8K)8YW;)[)K_D=X5Z6K118IZRK.0B P7;7,VNT=L; MXM8.VN(WSA[*H\^@IK(6XFO]\#Z^FL$:$4M8).L05/W:LQN6)'4DA>-;$W36 MCED['G]^COZ3)J_(K&G);D3R.X_E[FH6S$#,-K1*Y&?Q\#-K"&F D4A*_3]X M:&SA#$15*47:."L$*<\.O^EC,Q%'#LB9<,"- S[7@30.1!,](-.T;JFDJV4A M'D!16ZMH]0<]-]I;L>%9G<9[6:BW7/G)U8W(8I44%@.:Q4 ]E2+A,97JBWF>)<%07+)*!EJ8A9 I(V(-$!G:F M-R9 M9N7@Y6FO>CWM5]AQT7*Q/^8^-G)HB<%I%C170=1:+*5-8*%C&^I^N$ MF0!:@]0=Y&V9TXA=S52+*%FQ9[,5,.7O$,<]XN %CFNFX+847"N%]]F>E5)U MC&&*#M#=T9!JVD(RF%R#%?)"QXS,:Y%Y5F1W!0'B/XX:1Z&W@#BV JA 'D3&(,68V!= M@I]$-K\2<@=H*! MR%D2E'"ZY@F7?-A%^G&[MH_.[/LY?:*ZN-12H%%45,S>K]"XA2,G= -G."4& MN]!!$[T>=V;O]\X3DHM#;.[%1]2992\2(>=S="2+."+)UY+-4KD^JTPED M%XI^)Y[,=[5"0R MR;,MRZ(IS-9X_V*W^@*!^IR/#A[G*).*VE23.MY%7]41>OV7.M4"*53[*TN] M*5!O69K7K= X%6-A(JX7NN%PQ9QAV*?2*1BV*]A]#7TGDI@5Y0]ZMS5<#_W MG81ANX3=M;.CAS#2-X@0#%7G']$?&X8N]+R)TQ7NY J?D"M5O$JE-,(+\ I> M0HA4ARO GB85^Q'X ;R 4/^ E6]>Z.BC->08BFG-5^T:H!D'#T DW4#]L/ M36KC5*55HB\^8K;A$3=NQO'X.#1')(0!#H8-WFQ*?.1YX03:3E&Q75$/?:3L M+<'7#>PWQL78P!\+[=SWU%S#(7B#(5'@\<0V W=*BNU*.I(G7=/?066LG^9- MO,G0MHDGG=(2N]+>LZ+&?SU']<797AT]=>L>-##PQT>]7/^T731UJDG0B^[2 M2*=-Y/_1)F*0'(A#UQ\FY@S#/I6CZSC[?5R;&/R?$]/)%G%>-C&=UA"[UKQ8 M8MS13:/K*-T:;OE.VQV(+(YNG>LK_X^TV/*L! G;*$=XZ:LXQ>$6_? @1:XO MHM="2I'JCSM&U9*O#=3[C5 'A>:AOMMN_Y:Q^@=02P,$% @ ,6X348!3 M@1)] P -P\ !@ !X;"]W;W)KY%5VH73!(@JR12-ZO3W4F5HD9M7U1]X< D6&MP:INDO4]_-K \;+(\ M;'O[8H/-S/@W ^,_7IRY>)0Q@$(_$I;*I14K=;RS;1G&D!!YRX^0ZCM[+A*B M]% <;'D40*+<*6&VZSB>G1":6JM%/K<1JP7/%*,I; 2269(0\?,>&#\O+6P] M37RDAUB9"7NU.)(#;$%].FZ$'ME5E(@FD$K*4R1@O[3>X[LUGAN'W.(SA;-L M7".3RH[S1S/X.UI:CB$"!J$R(8C^.<$:&#.1-,?W,JA5K6D]2[:=6:YY&^J% A$@:(3V2G-&(*#UQ3QA)0T!;$URB-QLB(%4Q M*!H2=H/>H4_;!_3FCYN%K32("6>'Y:+WQ:+N"XO^DZ6W:.*\1:[C.E?: $#IE7>[P\2TZ$H%.A&5P+;4B MEI_',DUR6CFWCH,7]JF909]5"W12@4[&@9),Q5S0?\U,K!^/O 9NA ]@A$WH*@(-'[=]CLCB<0BNX8H+H5MR89]/4#)#L0WSJVHWFUXOPW M;D?S01W39]4"Q4XM'L[_L"&509N/RKO6-/UV;>R&YN%QV+U]4P9LO5V^[WB3 MY\B]=FWD6J+P2(T:UCQEU'[N7KLV=ZU8>*1D,?H],Q\8YAONF-\$_9%QE;V( M[#68IHX_G>*77MM:CW"W(%4][?YJ3^-:77"WO(SKZC)87UOWFK5A:U'!W:KR MRKZ^5 WW:E_WVK6Q:W7!W?+RBKZ^5 WLN(%W@=QKUT:NU05WR\MK^SH8R-UK MU^:N-0J/%*D1?3V_Z&NMU)[[7*CMQJG&'"D_$'&@J40,]MK1N?5U5J(XI14# MQ8_Y06?'E3XVY9>Q/MF", ;Z_IYS]30P9Z?JK+SZ#U!+ P04 " Q;A-1 MO-(S;94% #K%@ & 'AL+W=OK+<-WK(!_UESD M5,*CV(S+G6 TJ8/R;$P<)QCG-"U&TTG][E%,)WPOL[1@CP*5^SRGXN][EO'7 MNQ$>'5\\I9NMK%Z,IY,=W;!G)E]VCP*>QAU+DN:L*%->(,'6=Z,/^'9!ZH : M\7O*7LN3WZB2LN3\<_7PD-R-G*I%+&,K65%0^#JP&!D,+\K1HONE;:\1) /"8 T@;0-0 ;R# ;0/<2S-X;8!W:0:_#:BE MCQOMM7%S*NET(O@K$A4:V*H?M?MU-/B5%M5 >98"_DTA3DYGO$B@VUF":)$@ M>"IYEB94PHMG"5\P)F2)^!K]NF."5GU;HFOT\CQ'5]^]FXPE-*$B&J_:=/=- M.C*0SD4?>2&W)5I VL00/[?'!Y;X,4CO]).C_GMB)?QI7]P@UWF/B$,<0WMF M%X?CV"3G_V5?_.?L9V:XW6!P:SYW@.^A6/&<]1V/_OBP+*6 R?RGA=WKV+V: MW1M@_T%0H!3LP(H],PT=:WBU8MZ6.[IB=R-8$DLF#FPT1:8N:WB"FJ=:* ]3 MWPE]=S(^G/:,CL+$=YQSU$)'12ZNS#X8G/ [)WRKS^U<*C:(O>VJV5=:[ TZ MTL!J[Q-X0L5J6T_D!%S.^*[J1)/3#9-_JCT(?1*1P D] M!;8PP#S?]8C9R["3'5IE/].,BI25M>PE*]@ZE:5)FL"6D%93M-IN3:HC74\<>8J> MF8X* C=0YL)<1V$G@*FEJ#; B!=@SRP[[F3'5MF_<0FB^1=F3B,ZUEK@8L>/ ME8;.=!@AQ(E4V3K,]TE\HJ>1K<.\( A/DI[)QDZ_03M6X?UBD?'2*+0&830@^Z0NP?8U4FZ90&FS(UT=>_O=K66E MQ*0G)U9/'XH#*V6]Q349C+9:.;YB/VJ)S@::KSJN8[#JM0YQ@P&;^QT?NU8G M7@HX7F3I/U#O;>!8@;A 5]4X>X>@BD\[F\SCSM7;[(>QNJ0:8-?8\3QU0S;@ M7(UM84QZLFV?^]#7)MA>G+3+BWG0&<5[EXG7895XK.ZA!IP;:=6(,>G@(.C+ M$>Q;Q?\,'0Y[)QP[V5&\I&_FM;6E.A-$8B^,(U6Y 8@C''K:T#< 052@+S8& MH!L1/%1"X+YTPO;:Z>%+HJWA7[,4?".B^;DCA\&TZ!M]C MO8JZAITZ5BLW$RX(',=3Y1MP("F,7%6^"4B@MO4'Y/<%'+97<,?^1E1*D2[W MDBXSF',I3=GR+&'"/"9B[2QV775@[*B>&(#$"T,O5DTQ *%D<]7" M:6$"^DX4N@/5'>FK.V*O[CI3H,KKC-A2P=Y7]U_IJCG-I=E>&J]+[EOZZ+1E MSHVCGN0&8.HH,<.P,N@6 VP#IV+2UWP$6\WX5%_K57=1!ZAY-^S,D!+QO2PE M^ &U\*7N8+UVCR(<:9!\ M5U\=+KF4/*]_;AF%"5H!X/\UY_+X4"7H[K>G_P)02P,$% @ ,6X341.\ M)O=Y!@ U2, !@ !X;"]W;W)K@6;>'80^*Q<1"]>%*KU:U8;;"KANL\C@M%IMU]]M=M5F7YR9+"W97.?4YS^/J MZUN6E2\W"[3X]L.'].G8M#^L-NM3_,3N6?/Q=%?QH]60)4ES5M1I63@5>[Q9 MO$&O]R1J SK$WRE[J:^^.^VE/)3EI_;@77*S<-N*6,8.39LBYA_/[)9E69N) MU_&Y3[H8SMD&7G__EGW?73R_F(>X9K=E]D^:-,>;!5TX"7N,SUGSH7SYG?47 MY+?Y#F56=W^=EPLVY&<\G.NFS/M@?IRGQ>4S_M(WXBH 8TT [@.P'$ U :0/ M(%( "30!7A_@R6>(- %^'^!+ 8AH H(^(.AZ?VE6U^EMW,2;=56^.%6+YMG: M+]UR==&\P6G13M9]4_'_ICRNV=R61<+GA"5.7"0./ZK++$WBAO]PW_ //D2- M4S[R@_+PZ5AF":OJGYW=YW/:?'66SL?[K?/+3[^N5PVOI M-\_Y8'5IG7_?L_R!5?\!:6[-:>[X'+*JXM5NT^>47TEB2K8U)WN3)&D[[G'F MW,5ILGQ7.+?Q*6WXL2'I;B+IX7#.SUG7T2U[3 ]I8\JV-V?[J^35C,-6?,6' M9.03]YF 746@A+YF"+E-+5,\;GU*\7CU? M+Y,*"BC",FRKPA#&D1?Y$G"G I<(^R'U<31&[E6DYQ*?A@-LU" R-(C8-.@W MIS[&%:NM&G7)Z(\;A6A$X5*\H13/6,IECQS*G*M)';<#"HVVIYP)G90U=WRY0*^1L[&DJ)?A@)1S9K%:E["R)A%:8A816H(V$5:2)AY IW MXOYP&NY36B\7NO)*Z'OW_;X/'36+4(P\K#FKD&IDK=5_G M^[:Y^4I&56/>H MZUJI&])0XJ@M@$,81?S=6$ MKB.SL-M9+:1JM^<'1&[9!&I+::3[8+SU1S+-0Q2 MY+D2<@<@EXB0$ 6!Q (X+D_8 &RV ;!YPRXXZ($5,ZAF +G<0E84/@OH\*T*:3@DW@JT>-VCLFZ9CJMLP[WCA M$K#5O;T=05&K=5,M \SH*D['Z) )T3"Z6J*9T85?P59^91ZCJZ9 P^C3P/$C M6>$?B-D_F.Z_^]!1LWS"5\K3G%7X!&+M$Z[<"CS;Q,HG$$#_W8AXGFS,(2"_ M[:*>[ -W )*/5>123.4;$Z#&91CPK!HQ(\(HD-E&8;ICMD;! C@N^^I1O]63 M ROR(H / !98-14PW4- F.X!I([N@1J-=$^$6R%63S5FT3U1W8AYW82+(&87 M86?P"/"TP(N4)YB3L'&1PDL0LY>89?"(*M2M<5.F!M!S +-N#("]4=/PT, K$V"M,$9644 )2&T@&@AM(!^==1.@ U4KIP M"F2V4YCNF*U3L !>REY=O>#0OO#"2>&PO=V]R:W-H965T&ULK5A=;]LV M%/TKA+&'%F@BD?JP%=@&$G?%5J"#42/;,RW1-A=)]$C:2?OK=RDYDBU1C#/L M)9:8^W%X>"\/J>FSD$]JQYA&+T5>JMEHI_7^SO-4NF,%5;=BSTKXST;(@FIX ME5M/[26C6>54Y![Q_=@K*"]'\VDUMI3SJ3CHG)=L*9$Z% 65/QY8+IYG(SQZ M'?C.MSMM!KSY=$^W;,7TXWXIXWRW(*%QJ"S^Y.Q9 MG3TC,Y6U$$_FY?=L-O(-(I:S5)L0%'Z.;,'RW$0"'/^<@HZ:G,;Q_/DU^I=J M\C"9-55L(?*_>*9WL]%DA#*VH8=^G(@X=3*9Z1--80 MS3Q4W%3>,!M>FF5<:0G_Y>"GYPM19K H+$.TS!"\*9'SC&H86&GX@173"HD- M6E"U0U]@U16Z08^KS^C#+Q^GG@8()I"7GM(]U.G(0+H8?1.EWBGT*Z3-+OT] M@-[@)Z_X'X@SX-=#>8L"_Q,B/O$M>!97N^/$ 2=HZ RJ>,$0G8:E3<721HH" M0;M)JGFYK>N5:\[4G2-/V.0)JSSA0)X_H,%SH91M!6K/N/(T77R\MJPNLXP;K MV(EUI47Z=&.VI0REHH"]6@W"'/< 8#^91$D'9]^,X$DX@'/2X)PX<3Z6(!DY M_PDP/VQ!*SXB(>NU!8YY>62G K#AGO0 W03CI O;8H4CW[?#3AK8B;L[=[3< M,@4(SXM-*0:E:BHCYW3-\S>;%/OMYNH[>;I/4W$PC0 5R/B1KG-FW3/]WFSC M21AU*+%8W6 _..OK2Y1G$H"=*)>2[2G/$'LQ!==MNA-$W$L>):3;%!:K,!A' M P!)"Y!<1^.>_C V(\#\$NIQZ*TTX?A?)&UY2$,OK26Z%!;N592E% MRECV2K%2!TC$S,&N%)HUG67EV2(A)"1QKQ:="/X#C:T:8;<<#4\.,FV8E+!- M*".MUNDY8[^GC/J:%86^CX>VOU:UM_!&W_)E3 M:EIIKI%<<]ZSP20670M)DO@=F!8[@H-H/'!>):W^$;?^&7X_H37;\K(TK)JZ M89*+S(K6(G%1&':5T&*&0:K] 4DAK182MQ;68!D(H!NF1='"J(>R;Q6$83*> M#*!LA8^X[T&KPWZ?5Y='FK<'?:B"^L-#[TA[F:85*>*^!BTOVQMET T9>ST< MT-S*3/_> W>>\23HVXPVWSWNJ]M^ M9_P!WRWJKQ=MF/ICRC&PO=V]R:W-H965T&ULI5=K;]LV%/TK%QXV=(#K5Y*V M:Y, 3OI8!V0-FFS],.P#+5U9;"12)2F[WJ_?N:2D.%MJ#-B71'SGY::/6 M?,/AM^;:830=4')=L_':&G)[@28?T=5H#7+:2%!N@L.JAETXOV@]9KRGIF-R3E_:#\%G8'3HN=TL3@(^$MK)G0T&]-B MMI@=P#L:?#R*>$??P/O@ULKHOY2DP9@NK?&VTKE*66%RNG;LV80T80MZJXTR MF585W6"2D8+!TQ_+E0\.2?3G 4;' Z/CR.CX_ZA^&.)7&YCF+^E?4/1F8ZM6 M?$&1T3LVMM:9']-[DTWH22B9?OAN?OS\U:6M&V5V8QF]>-5-?N)^;%TW]:%U M:>I'*I5'QF]0R0WGI"AP5AI;V?6.FDH%:1%CDA.6N6H"MMPZI:'==;=(3Q+D M\O:Z@\1V2SJ'PKK846;KFITH7^UHHZI6K2JF-<,_P*J #28XU(BN&^N",H%" M.D%+)'6M*A\C"C:(V80^,2G')!*M$[';ZP!RQ[M]CTLEI$IEUI 35#*$NFA%GT1:N4 &O0_AZES(.^(3NH7# M793!P\E)4 HN2;XK![>0[RLN555(VJ]A[(QD.S+?[M4,O#/6/ 5ZH0,5MC5Y M/R\NWD>-Q(L@7LB\XXS1<>6X#9N6J7"VIK63T/S3<& 4(XPJ2_2A6=H_'>;C M#EPV5.BOG#\M6$+L1)]4IP),1"3@WJCO$!P7Q.52C31NTB M8Z3"UK#SI6[D4(W$JN3.:B$+;!$X;+ZO.FWN>6'Y,XLF&^5$]2APV(NZ8Y%* M7#>6G%Q0*=D?.R.6XF>+-;(]H3CW."!JM$./]C>M*")S,_I M^..4'*)8:>);2N(IG]1I]FAH:;E!#71 5YBPE+ MT/B0!;N"Z?PGN7GG)Q-:^NBE)'\?N:O.UT.7S(HS58NR6SB#3B7I),UKY76N M97\7[ G^NEZI6)^M:ZQGGZ1,LD:F >]-8:G\GNPJ^]*BFJ.$6QW*@YP$I.QL M'%!%LBCZPP4T;'14R2JPY2^MJ-N50._YD&F.#=S,#Q^+8VSK]IW?-XT%>\@> M9[]Y1Y=R*=UDFN.U(@N/O4&F>Z_ J)V\=27*4#<]"(?9X3F]3*_(^^WI+7ZE MW%JC2U97XR2L7>#X)MXIMR90->J/&SQ$\"=K(!ZX7%\Z0;R '#CXSS MOP%02P,$% @ ,6X34?,*= #L! !PL !@ !X;"]W;W)KC8Z&M=2V=S9->S?^;.K::+2E M&R]"6]?2KR_(N-5I;[^WV;C5BRKRQO!LVL@%S2C>-S<>J^'62J%KLD$[*SR5 MI[WS_9.+"0[2EG0OH5 MJRP[.>@)U8;HZDX9"&IM\[]\ZGC843@>O:(P[A3&"7=VE%!^DE&>3;U;"<_2 ML,8?*=2D#7#:-40R^>S7(RA"O%3"^L+K62-HISI5QKH[8+<>.,5IK" M=!CAC[6&JK-]D6V/7[%])+XZ&ZL@KFQ!Q??Z0^#<@AUOP%Z,WS3X>VL'XF#4 M%^/1>/2&O8-M\ ?)WL$K]EZ(4OQU/@_1HUC^?L/!9.M@DAQ,_A=VW[;]S442 MXQ/Q?A_BQFNK="--8.E+9P-."IG:XSX0;UZ%J%'K$+Z4H1+7=DDAH@DC:V,4 M^+@6TA;BZK'5#>^++\XN]KZ@M0IQ'@)!\-I&:1=Z;FBS+?PL@[X0&A>F[4HO:M%25"0)H5CG=V#7*FC*$%; MQTEPK5>@ K-//+;2@%M$Z2F0],#*B@7@&Y>92!,&P4$#1/' A/1\+=K03[(R M8/:I"@M/*4H>)X6 (]JR'BL9TWEH@Z(F)A:C$ZH"I31 MMEQS:D-24[;I=,* M9MB#![^^H.2J(Y8_%\ST'A/%1\\H67^+=("\*5>3N)-/.+M/='("GKI& MVK6H)%]BY2); ^[KMEWK M-+N2VZ[0)?+ 39&K7&517'A*Z1E@-N^,M4\[8^T;\9 / MN !@"Q59HSAG%<^.63L/0,!"5TL&_]*5.=QYG-2$_N,G&%."2L[OE.WN]I5W MGA\WS^+YB?@5[8M0A:$2JJ/!Q\.>\/G9E1>83^FI,W<1#Z?T6>&E2IX%<%XZ M7)K=@AULW[YG_P)02P,$% @ ,6X3406V4R/< P >@@ !@ !X;"]W M;W)KW8X*2RKE4!6[?.?>=8E=&I;?+I>'R:MTJ;;#&/ MW^[=8F[[T&C#]XY\W[;*;:^YL9O+;)*]?'C0ZSK(AWPQ[]2:'SE\Z>X==OF M4NJ6C=?6D./J,KN:G%\?BWTT^%/SQA^L23)96?M5-K?E93860MQP$01!X=\3 M+[EI! @TONTPLR&D.!ZN7]!O8N[(9:4\+VWSERY#?9F=951RI?HF/-C-+[S+ MYT3P"MOX^):= D>4G M%=1B[NR&G%@#318QU>@-@3*E=Y M +K8Y,4.Z3HA3=] .J4[:T+MZ;,IN?S>/P>K@=KTA=KU]%W 7WMS1+/QB*;C MZ?@=O-F0ZBSBS=[ .TAS62NS9D](ECX[9QTMK7.I43S]?;7RP:%?_GDGZO$0 M]3A&/?X?!/X/)!N89N?T%B(]<,$F-%NZ];[G\G6C6T,0EB'JY'1$H6:ZN7J\ M)KUS>?P23WZ>S$;TX:?)\<>+&VV4*;1JX I9>DQD\')V,KZ@I>-2!_K->L_^ MG.Y8^=ZQF)"MOC\ES."K6".)";!(\+B@IV 1<1A6TG 2NJAH#Z(" V1=.7(@SJ7#*"%JR?U*IA M'-;O[3F#C'K2Y4!XW*_V!@'TG@4I:][H$<\G86XD!/Q\IE=H72!DR MOVB5*B(RI1"]9_=#]CX =;#K,:'.2TM$Q*CT5JIP>H&90">TW8Y\:TMNTIRT M'&I;)IUW]1!=WJB&?6(W@(,J%(DCU8-,8-<*/3G>EX4J9]N4H4B-PA MD%V;J&=R0W'V?J*;]GO!L.:JXGC;1[(5! /*EA546?%:&R/$504>] F5;U=8 M3$[B13,]; YM8*);D@)+ZAL=:NDN(;#OC'0:-4)L8\->$VA=*]!0Y#4RJ- P M2%2W'920-I)LEQ9;,\@OK8,WCQ,@=MXV.O7$:^4\>NV*R@_>@Y;=.KYZ HW; M(#T-P]?A8;U*[\G>/+W*=\I!,$\-5W ='WT\R65Q;NXT$&'YN+/X%4$L#!!0 ( #%N$U$F$ZU_1 8 +H/ 9 M >&PO=V]R:W-H965T^&KK8D\W"HU,/) M:'0T+*6J>FW&GIV8QFM5T8T5KBE+:5<7I,WRM#?NM0L?U5WA>6%X=E++ M.[HE_[F^L?@U7&O)54F54Z82EN:GO?/Q\<64Y8/ %T5+U_D6',G,F'O^<9V? M]D;L$&G*/&N0^+>@2]*:%<&-AZ2SMS;)![O?K?:K$#MBF4E'ET9_5;DO3GNO M>R*GN6RT_VB6OU.*YY#U94:[\%RQGE3IL/PH%15_"\?4QXZ!UZ/ MGC@P20]H*'CY3GIY=F+-4EB6AC;^"*&&TW!.57PIM]YB5^&&\J7SCQ6Y53OGU^"*?6GDU: MSRXFSRK\HZD&XF#4%Y/19/2,OH-UI =!W\'W(WVG7*8-!^O$/^FK&6U$AG^:X50ELH7PF.GMF:A M .F+DXO[T4KR=(I*I$&92HZD[,6?,B:)95SGMYS,K.9MDU*WW0WUD3N?0T M:&TP'A")ZRCH"W)>SK1"C4*!F%M9$B-5@%'V^M,/#M$C@LM=ZU6X*SD#K3SI MG*6'1EG*18,*M,+ 4PO49Z:I/%M 5BI\9U%\$',;]2CHKF!2>4BI#"Y8 LJJW)Q]$5K) MF=+*KSC?D#46GNI5%)&1IV;DET2X*FGOH:B6UJM,(1G/Y?_JJ0O3SC!W,@G& M,!SHM_:A-O99B*$UCMA#S@7'WXUJ$P*382[@,>N=X99Q)':)0+<+J33NG8NC M8U-5F6YR"F>L\@GOB2#@ER9E&RQA.U.4I*RKU@.!>N"8KX Q+)N=*DY-^ MR34SA'O[]?*JJNH& ?*%< KYU*9N V)RE)@O+)'0M" =P,.RG8(K%%EILV+% M/D ^LVI&7 IH;L?B3SXFQN(ZFOKEI_'AZ*WXNP&8\UA83KQH*IG_!V*G_&4( M.;2E=!; 'BFL@OA; M0$Z>++I>"\*GH,_^[O5R0PH,2-;E?81K1"\#,&=8I?();H3]+A_Y+;;%0 +4 MNL2T*&A 1[/^T@ #,E\ 2)AG3+-&&!*\+!0*5[7=(6G/0W3) M.6IQD-"]@]*4R-HXIW CV[%H#$L!$>GZV1FS6T5!(%3*-R61E']3*7S5E?$< M91X*<*>^GO B!=OQ .0FP^4Z52KFA-8N][^YT4!="#T()\)V7>4HRNG16Q2( MJB0N:N-BY'$01-LAX&>HHJW^PCS&9=+8T*. )^X4@1@PGM!Z/ F9>X=F4,X ML8,QKX[?]$.5!Y1P:TX\M(]-CL4GX^%=W!YO<[VM:?2B5MU M5ZDY%D!U'P+$.T20L-F5V0)HVK^0&NDACOZ;*""S +E'H/TLIN/^T9MI]X.! M/W[;_?B^3,?@=B)WC!WVIV\.NA][C'U7YBKUA9V::-DZ,0FJ,H)TW?IYLBI1 M AC"L_O0#QO,,5GLUUS865"H^.A\:YC8:HU:@A;:R2J<%"9K2\I4?<8K;W,' M]29B P[4%.\>K*4,YB%46.SU7/N9M';%YU.=SCL5KBH,M$U(83_U6Y;,I"OZ M:6+AN\=F*GT'?EG)P Y8L0V%Z0L/+QZYV"S-/+9J-,E'A?8>VB0AWNX,N7N1 M>Q$A"X&#?U#_LO*=*LG?AU>A$2%9\6JU7UP_3 M\_@>VXC'5RV0>X<80 -S'!T-?CWL83X)+\7XPYLZO,YFQN.M%SX+/*[)L@#V MYP:4D'ZP@?5S_>Q_4$L#!!0 ( #%N$U';I>W.P@( &8& 9 >&PO M=V]R:W-H965T@0M-CV,.Q!L>E8J"VYDCRG?S]*=MUT:+,!>Y%(BCR'I"5ZV0EYKTH 38YU MQ=7**;5N%IZGLA)JJB:B 8XGA9 UU:C*@Z<:"32W077EA;X_\VK*N+->6MM. MKI>BU17CL)-$M75-Y>,6*M&MG,!Y,MRR0ZF-P5LO&WJ .]!?FYU$S1M1R%N#?*IWSE^"8AJ"#3!H'B]@LNH*H, M$*;Q,& Z(Z4)/)6?T*]M[5C+GBJX$-5WENMRY20.R:&@;:5O1?<1AGJF!B\3 ME;(KZ7K?&!FS5FE1#\&HUXSW.ST.?3@)2/PW L(A(+1Y]T0VRTNJZ7HI14>D M\48T(]A2;30FQ[CY*'=:XBG#.+W>2?R^4C\2RG-R]="R!CNNEYY&;./A90/. MML<)W\"9D1O!=:G(%<\A?QGO84YC8N%38MOP+.#GED](Y+LD]$/_#%XT%AI9 MO.@OA;ID5U&N7]9+?FSV2DN\(C_/4,4C56RIXO_NZ7F<+T(#F2[(ZW@OS3": MF2*9J!O)%.1$%$270 I1X>MC_+ @V%>P?;V$#.H]2!(%?9-Q"=(3_'0F<40^H!C$[CPQXNO%NH2#2726NDD8HI D;I*$ M6-L)(!QQ@BG3!&F;H=B1U/UE!7-9GUMBNV (;"2Y<2X-_94G<:!3V9%?_@>NUN>B=OOP9YL!/.7(&6ZWX,C-9QB&[Z MV?'LWD_@&RH/C"M208&A_F0^=8CLIUJO:-'82;(7&N>2%4O\$8 T#GA>"+RQ M@V((QE_+^C=02P,$% @ ,6X3487ZA6V%!0 @@P !D !X;"]W;W)K M&ULI5?;;ALW$/V5@6H4+:#H+C5V;0-VG*8ND,9( MVN2AZ .U.RNQX9(;DFM9^?J>X>Y*5GSI0R% XB[G>L[,D#K=./\YK)DCW97& MAK/>.L;J9#@,V9I+%0:N8HN=POE213SZU3!4GE6>E$HSG(Q&BV&IM.V=GZ9W M-_[\U-71:,LWGD)=ELIO+]FXS5EOW.M>O->K=907P_/32JWX \<_JQN/I^'. M2JY+MD$[2YZ+L][%^.1R)O))X*/F3;BW)LEDZ=QG>;C.SWHC"8@-9U$L*/S< M\BLV1@PAC"^MS=[.I2C>7W?6?TFY(Y>E"OS*F4\ZC^NSWLL>Y5RHVL3W;O,K MM_G,Q5[F3$C?M&EDY],>976(KFR5$4&I;?.K[EH<[BF\'#VA,&D5)BGNQE&* M\DI%=7[JW8:\2,.:+%*J21O!:2ND?(@>NQIZ\?S:1F57>FF8+D+@&$Z'$69E MBUS3D_U!\BG%U,DRZFR\FS!G^K[8"FHSY-1I/1 M,_:FNQRGR=[T"7MOG,LWVAA2-J<'"=.5#IEQH?9,?UTL0_2HE+^?<3O;N9TE MM[/_ ^WS)GYWD6EQ\DC0]]ZHYHU"_)DK*Z\#Y^0*BFNFPAFTG;:K$P*JG%"] MXHS+)7N:CAN(\34^IHOL2ZT]5#T'5CY;D[94>;?"$*Q:ZL1D4$CY71$ ML_YHO.C/CQ<'ZQL5V2*@^:0_FLV[GXLLJ\O:8"\G53H?]5>5^O*'Z:P_G8_H M1ZRF$#W&ZD%V?;(84,D+Q"?'XW8]A\<)_8%,7R%U9;?$=Q4:/E!T2"1S*ZN_ M,AU-^HO11$ Y<"VR-C $F[B@HZ%:M0GDM0=RQ I8M'A:OHM4('W: J.0*DK> M>Y8!*-)'L_[BY5Q>8D86D?T V22S)?L54!>.#(L[1/ NBTZH&!\+%>-Y/UGK M"$?]X@ MT:#8A@TBV 88YGSAHXG@1=5G<.M+G360"MH &B=[Y!> ML>54N5"]A315@#/)Y6AJE2HUZ(#L,DYB1@F,%7LYG9'YSBG/W.4LI8ZJ'&8N^V2@7D3J72- M:,L0.:SEU<>SPENFW"QO2X$95R/0N5:/9TM%XA$$T0IP-PQV#[0S 4$HM4'O? M<8D:D,P%% DB38]]7#O/I=J"1K^EPKM2@@--71=(XDV\=99)*;1%M"^3@*UE MH@-!EP)=UX^X006I@5:E1?;[[\:SQ<^A(<\9,"VMQ[?:U<%L#R!X'K"6@( 9 M:1]AX!W(5IG*N=09>%X*.&V1U9(2.@7J(!ICCJR+A*KTL<%KBS&YZ?;R^>H$C" DV#@7SC=C=@"*C4;P[E[ORW;>@45L)*S6YE*3O:A*C MMVCJ[S[@$NU^"&_0*1!7$%$!S,K4D.XOO,((<+X3V ^V5)'];KX95#.NJ$@< M++"MN6F$PPD*,!^=#%W#87RAIW4J=]N4V#>\8Z,VN>0;-,XT&2(V@G"-72%\ M\-B%97CO7IA.'[G]2NT J^:*N'N[NV!?-/?*O7AS.W^K_$I;M#P74!T-?IKW MR#&PO=V]R:W-H965TW.("L"2(HX39+K6#*NHDD68@LSR73E!%>X,& K*9DYS%#H_3CJ1L? M(]^4S@?B2;9C&URB^[);&/+BEJ7@$I7E6H'!]3B:=D>SOL\/"5\Y[NV)#;Z2 ME=9;[]P7XRCQ@E!@[CP#H^4);U$(3T0R?C6<47ND!Y[:1_;WH7:J9<4LWFKQ MC1>N'$?#" I5_RE+9VB7$\Y-/FN' M%A;LP%8"L]@1I=^(\P8^J^'I&?@U/&CE2@MWJL#B)3XF*:V>]*AGEEXD_%BI M#O22=Y F:7*!K]?6UPM\O3-\;\G[@;S_ MOY?W;S@,1O""!I:2"0&SRE*VM3 MZ*]SKSET\9O7K[K]PYW,C6%R!)0'=[E66O(<[M7/RAS\;3#KT, GS=3H;]<0G_231+,) M4V,AUY5R=6NUT78PIW4__DFOI_J!F0U7%@2N"9IT!E<1F'I2:L?I7>C.E7;4 MZ\$LZ7%!XQ-H?ZVIJL;Q![3/U>0W4$L#!!0 ( #%N$U$;Q7A3Y@, $@) M 9 >&PO=V]R:W-H965TMV!+ MLU[\$C5^ >PD[5JL;>!T#89A'VCI;!&A2)6D[&2_?D=*4=(V#A"@'VSIR+OG MGN/=\33=*WUC"D0+MZ609A84UE:G86BR DMF^JI"23L;I4MF2=3;T%0:6>Z- M2A$F430.2\9E,)_ZM4L]GZK:"B[Q4H.IRY+INR4*M9\%<7"_L.+;PKJ%<#ZM MV!:OT/Y576J2P@XEYR5*PY4$C9M9L(A/ET.G[Q6^<-R;1^_@(EDK=>.$=_DL MB!PA%)A9A\#HL<,S%,(!$8VO+6;0N72&C]_OT=_XV"F6-3-XIL0USVTQ"]( M,\OF4ZWVH)TVH;D7'ZJW)G).SOUU_BX7CRE%/X7" LJ(R4SI2FGF6X46+!F>J;)B\@YR;_$ILVJ-&N+7 M+A'Q"%AM"Z7Y?[3GM+DQ-9.9ATNCJ!C!ND6AS7_"L@#V2FQP-WTI_.,S %6I.7A:_Q\19[MSYK@7^X/+(9>MD M\J#MY'1RW))^@9_D17Z2UD_?U\12,9T[-^='2 MZD^@+;0>)?F;M"N?=3KP/.>N"F\(XR,J1F) UC M>6;F, 5ESTI! M[GA.36#@B[)NN^N/CW7I:IK8=DO7_B(GU@OR1',)+FY19]RX(^94WC_LK] - M/P?[&75Y]#Q;YO7$,=1+TV'\ K&_7$$<3\]@;?. M-4%2CD;QY+O'O?^#VQ77AS8[%N>8H0]U<(!']+-X'"4I'#>8WY.@BQR[B[PA M,!H_$!B&PO=V]R:W-H965TBXK9"E< M9):RPB]S8TOA\=$N>FYIIJ505>?J@M_=VJL+4WNM*GEKP=5E M*>QF(K5977:2SO;%1[4H/+WH75TLQ4).I?^\O+7XU&NUY*J4E5.F BOGEYWK MY&PRI/V\X8N2*[>W!O)D9LP=/;S-+SLQ 9):9IXT"/R[ES=2:U*$,+XU.CNM M21+<7V^UOV'?T9>9 MX: #6>V\*1MA1%"J*OR+=EEC:9)T-1_ M0M,(WIO*%PY>5[G,#^5[B*J%UM]"F_2?5?BNKB(8Q%WHQ_WX&7V#UM4!ZQL\ MY6HAK#R>L:NW8H.9Y>':6E$M)*__NIXY;S%-_G[&V+ U-F1CP_^!U^ MPND9/*41/A627XAJ PMTQSMPO#>XJBKTJB8/'=08&@L>!?IQD@:5\+;*\"/6 M!MQJ4<&+7W])AB?GM*;5^/PE8.W#JE!9 4EW&,?=.([!$9L.S)S5-?9)8'3N MZ+%$9$%_(1S,I*0:=M+>RSQBR&Q,:.P*C@V0&N5<+1 .J54M+/8&S)*\=2"J M'"I3'7^KA59SA1X>?E\I7X"@&E%E74*&24E!Q=W@I2U)=1+#1@KK(I@&+TCG M5MX7P@.^A8R0:(T&Z$G<"Z7%3$L&:V4+=<13!F\87I]90AHJ05!& ^2S; M?&:3&(33[CY_J#2 M^YW>1$T86O[0F86LI$7N-\PXF@ND52#7TF;*25A:A;XA$VA4S Q&@6!*YQ5V M0A182GO,*0#W0M?R!_(@^CY1)46R!9;75E6+G^$N@O>B$DWY4IHQEIQ5M.YZ M>E06'WA S69!O^@81DTLJ2,8>6E6CM5"8YD@^5NS]3B.G MORJQ""U7AZC8C6VUBB;=R?D\L$&Z#F@/-21"'\#&X- 0I0Y3Q/F]IK)!:>PL MN_"&D(;\M]U M%?S\.9JB$3Q:N=HVE>EVE8FAQ? 07(8OEDMKUA2_;1(_!_YAP&C=!.T51AR3 M@=Y0%=!75\_GF/M<5;M8,,,8B>Y_6Z/H[GI%[;80Z1")S( +)8">(653F6'E M9P7-9$XX)(%*<7H]P:9]$D(P-S0T6"4S%\Z36!4N] XO?/W48!*+ MA94+(N&PDS;MZ P^U.4,VSE*_]%\^LH'.W3C^AY[)N)ZO>V1M]PCO_O^4=)A MF/!]PD"]^),FS4OX9#QR^!:'$0YDS,@O7&H3H:F3=.&=J&H\%.. Y&PO=V]R:W-H965TV$?7 "![4E*[3=0@MNLX=D4#BKN9:4'3266LXDBAK6/76N!E "D9ITER M%2LN=)1G8>]@\\QT*(6&@V6N4XK;7SN0IM]$\^BT<2_J!OU&G&?7!;;J+$"P()!7H& M3J^?L "?QWO3O M8/2S\GR%D2X\63_DKM*(%9U#HT8P*5!"#V_^--[#&> Z>0&0CH TZ!X*!94W M''F>6=,SZ[.)S2^"U8 F<4+[C_* EDX%X3#?&Z4$TBVC8UR7;&\T"EV#+@2X M+$8JX1/C8J3;#73I"W17[(X(&L?>Z!+*/_$Q29OTI2=]N_0BX?M.S]@B><72 M)$TN\"TFOXO M_@7O^Q&N$(:UUE@W[9'AY::YON%JLNIZC)47?ZO6[Y,]]$@ ML'FR9I?=?*HJ48!EM_0ME!84\# )'X#:^!S[-X?Q64\IL'68',<*TVDA4Q.TS+$*!I0X<>#5*_AV5#/QBP/H'. M*T.&Q\ 7F'Y9^3-02P,$% @ ,6X3479M)?I7 @ 804 !D !X;"]W M;W)K&ULK51=;],P%/TK5Q&/HTG3[D-56ZG=0( T M5'6#/2 >W.0VL>;8P;Y95WX]UTX:.HD5'GA(XFN?<^Y7KJ<[8Q]=B4CP7"GM M9E%)5$_BV&4E5L(-3(V:3[;&5H+8M$7L:HLB#Z1*Q6F27,25D#J:3\/>RLZG MIB$E-:XLN*:JA-TO49G=+!I&AXVU+$KR&_%\6HL"[Y"^U"O+5MRKY+)"[:31 M8'$[BQ;#R7+L\0'P5>+.':W!9[(QYM$;'_-9E/B 4&%&7D'PYPFO42DOQ&'\ MZ#2CWJ4G'J\/ZN]#[IS+1CB\-NI!YE3.HJL((:0=(0UQMXY"E#>"Q'QJS0ZL1[.: M7X14 YN#D]HWY8XLGTKFT7R-2A#FL!*6)#H0.H=[*[03H6IN&A-[\=@XZQ27 MK6+ZBN(%W!I-I8-W.L?\)3_FZ/H0TT.(R_2DX*=&#V"4G$&:I,D)O5&?\BCH MC?XAY?V+9.';8N/(LO7]A)]Q[V<<_(S_8VE/*WXVA# <3N!OTG!'^(2P',"# ML!JS1YS 36.E+H!*Y,@]O MTLNST7D"@OV#*XVEMX2V F4$-^S^"%DRQ&)F"BU_=B)'Y$66F4:3XVSV8J/0 M[YGMRX@&?^I'?/3;5VB+,-P.@EH[ ?UN?W\LVK'Y#6\OGUMA"\EU4[AE:C*X M/(_ M@/=&F3J,$0;0SR285GR'8C6 _A\:[@WG>$=]+?J_!=02P,$% @ M,6X348/KL'GY 0 = 0 !D !X;"]W;W)K&UL MG51=C]HP$/PK5IXK$@)<*Q0B 6W55KH*<;KKPZD/)MD0"W^D]J:Y_ONNG9!R MTL%#7XC7WIF=,9-DG;$G5P,@>U%2NU54(S;+.'9%#8J[B6E TTEEK.)(I3W& MKK' RP!2,DZ3Y"Y67.@HS\+>SN:9:5$*#3O+7*L4MW\V($VWBJ;1>6,OCC7Z MC3C/&GZ$!\#'9F>IBD>64BC03AC-+%2K:#U=;N:^/S0\">C Q?P* M(!T :=#=#PHJ/W+D>69-QZSO)C:_"%8#FL0)[?^4![1T*@B'^=;H C1:[N_( M93$2IS^)BP&_Z?'I%?P=NS<::\<^Z1+*U_B8M(R"TK.@37J3\%NK)VR6O&-I MDB8W^&:CP5G@FUWAVPMW5=OZ8XODJ# 'D/>'2M,J[$/Q;@[ MOE+K/DG_VOOW\9[;HZ"A$BJ")I/WE&#;9[POT#0A5P>#E-*PK.FS -8WT'EE MR-50^ 'CAR;_"U!+ P04 " Q;A-1+4QJA8T$ P"@ &0 'AL+W=O M)"T6J)&7'^_5[CI(5NUN"8=@76R3OGKM[[H4\73M_'VKF M2 ^-L>%L4L?8OIK-0EYSH\+4M6QQ4CK?J(BEKV:A]:R*I-28V6(^/YDU2MO) M^6G:N_'GIZZ+1EN^\12ZIE%^<\G&K<\FAY/MQJVNZB@;L_/35E5\Q_&7]L9C M-1M1"MVP#=I9\ER>32X.7UTN13X)_*IY'7:^22+)G+N7Q;OB;#(7A]AP'@5! MX6_%K]D8 8(;GP;,R6A2%'>_M^A7*7;$DJG KYWYJ(M8GTV^G5#!I>I,O'7K MMSS$OE%1 MG9]ZMR8OTD"3CQ1JTH9SVDI2[J+'J89>//])?^ITH>/F=!8!)YNS?%"][%47 M3ZB>T+6SL0[T@RVXV->?P8W1E\76E\O%LX _=G9*1_,#6LP7\V?PCL;8CA+> MT1-X[WVEK/Y32?H/Z+6SP1E=J+X:;$$WG@/;V&^XDJZT53;7RM =-AFE%P/] M=I&%Z%$\OS_CT7+T:)D\6OX7MI]7_=E%IL.C5S1BT'M+%UV%&J'#[WK2#BC6 MC$B;5MD-P7_V7)"VT9&B-[Q"#[825@H?8@U[B7?@B"XJSREL%&&LZ8TS3%?. M%2,BAD"R4.Q @;C6*'RLE-<<-8>DK6V2O.Z"HHIM%T1PNY.S8BI5H\V&7FB; MFZ[0MNJ=5RNVA0[U@+<1O4PA,^HE!%0D?JAUIB-&0M A(F-,B.\*L%YW#7W4 M)M('[UJ=(Y.WL$5+>M&ZMC/*P]Z]=6OD/] -(!O0H@.CK5].Z:[+_L"P$+0< M 1N=L!,5XHM##*UW*RT#:0Q';3D[V%]2'Y:P@;$DT>6JU1$NE9U-T9;>-3W' M,+B;-[?BGF;+#Q&<=YXVK'R8TCLX7B#WDBPH/8%\T*.NM3$@23=9YP/O67@B MCSW-?3I#JA$$ >M;FS"1NX"CK7[^MQ+:5D.@KL4R='G.(92=Z2GEK=#GUEOG M'X]T(EIR,:6;@8N+1YZ/YU^*7-G%SC-YMU$FE5VC-I0QCLK 0PF+IG2Y\GD] M$I^2B)%%V28QE7@52?@#5U*1]7EACY&+41 ^RZW$CQN!O0R+#)@':OII M+ P.?H/0*7V F5;YQ%"-YNK#* 3!]O=; !LP&E'^>9@IX078;Y\5=93'>7%?5?;=*QTB?X+'B M$3<@!!IN/]9J:J:X9K/B@2KDO=PS6SC(6X?QZ#W>"M0.M?=9CX])0[9$&EZI MK&_C1MY1&M7O,J.KE($@LP9J4IM@"N1T//VGNV2V-)QU[ M$&PO=V]R:W-H965T-3% MTKI'GQ$%\91KXR\[60C%ZW[?)QGETO=L008S,^MR&?#JYGU?.))I%,IU?S08 MC/NY5*9S=1''[MW5A2V#5H;NG?!EGDNWNB%MEY>=86<]\*#F6>"!_M5%(>OKX9CED@KOA3T=)O/0MV96KM([^\32\[ M T9$FI+ *B3^%G1+6K,FX/A4*^TT-EEP^WFM_9?H/)R92D^W5O^ETI!==LX[ M(J69+'5XL,O?J';HE/4E5OOX*Y;5VM.3CDA*'VQ>"P-!KDSU+Y_J0&P)G \. M"(QJ@5'$71F**-_((*\NG%T*QZNAC1^BJU$:X)3AK$R"PZR"7+B:5-D0=B8F M:F[43"72!'&=)+8T09FYN+=:)8J\>+%^>GG1#S#-"OI);>:F,C,Z8&8LWEL3 M,B_N3$KIKGP?D!O-E!/ M6[5_],1J[WQ0H#WY??B>HV$'U+@!-6Y5>2M]M@_(UTKM&#]KC)^UJGEK%N0# MBE'8&XQO%-Z!A^KY>G8 OFH OFI5_,Z: M^=$[E-I47'M/^R/V+!4[L(:#3:4;?"8/09JYFFIJ ?8\';O(MFKPL%7K RW( ME"0>*+&HP8=JPM=K>2U^=5S.7375%##NB@1E1?D02\RL-"G71OR1PXQGG2J?ELX3\T84SLZ=S#T>L.6=TBLQ M"Q#G/>E M3Z@(,9_!BB1#9( M=YW#*M]8&.U'PZ>#'QL@EJ&AH]7P*!5E$=M-'*AEI.>NN9[X@)=;FQ?2K$0F M>2,AV8DK^2QF"N^-AV_-^Z9'&1ZW)FX2;/)X=!,)S1C0'!]L(+Y1U;9_/_TP M/!G_[-F_=6]4<&^TBHX2S@P<'\J@1RKCZ880^Q+Z>">A=J OEG$#(8G8):EU MGFE$3]4VBTKFUJ;5"D]NH;@.@%T42__,:MP9JH2B;"P4WP1B-0(CZT)U-CSO MQ6;5<7G2J^[_Z((J4YGBB9E43BRD+FF=U\->@"\I!7)HNIE8H5HNG59@-*1? MJ)=Q*!K =%5:)5S/[4? MDEYG:ML8;PSD4<.''O9V)2NKQNQ+<]?]TJA5\.NR \6=4WA^*V%:KU,(SEW M%-/3NB\VK?6PO1U^V#XLWFP.B[W[XGNHVL6YZ:N'[6WQ'[AEO[/>BWN$!YLL MQWZ;9#@@]@+]+KIVD6Z:[6%[WSPIIQY)YLS>+0ZUO<_342'K;UU=E_WYGIX0PH'QI_7+W/,_=^2[C MK=)W)D.T<)\+:29!9FTQ"D,39Y@S*1=AM]T> MACGC,IB._=E23\>JM()+7&HP99XSO9NC4-M)T D>#J[X.K/N()R."[;&%=J; M8JEI%]8H"<]1&JXD:$PGP:PSFO>=O3>XY;@UC36X2"*E[MQFD4R"MA.$ F/K M$!C];? ,A7! )./O'C.H*9UC<_V _M7'3K%$S."9$K]X8K-)V=2D'-9_;/[?1X:#L?M5QRZ>X>NUUT1 M>97GS++I6*LM:&=-:&[A0_7>)(Y+5Y25U73+R<].OS*NX9:)$N$"F2DU4L:M M@8_7+!)H/HU#2RS.-HSWB/,*L?L*XA NE+29@2\RP>2I?TCJ:HG=!XGS[D' M[Z4\@EZ[!=UVMWT KU>'W/-XO;=#/N#W+#)6TROY:;R@LG=AW>=_O#40,HEDS%G EBE MUF8D:XL:J6]B54I+0FD$.+&I$[OQ^7-M1:T9EUH['FH/3H$:%S55#>NJ^>#/ M,<8\0@V]CCOMG+0@VH' #;I';S,NO;(&?,91,QUGNQ%<*TOB?I;*"5EJ'E,& MR6'FFQHNF+YSJIW"14)!\IBL%Q9S RN^ECRE VGAD@@T7$8N2SXG"UF4]JG- MC53/[N=,4'K01?\L"K+9H+%5V[R'?J>TN7C;ID'X-)'_D0U: M_9-><_$"V9LV+[WWL#%2>7&7U?4#L#ND\557V_<03U%VOZ#U!+ P04 M " Q;A-1T7>?&)4" ":!0 &0 'AL+W=OE2E&SEX?5/C@P!*O&IK99 MVK_?L2%L*J79%SRV9\Z<,V9FT4KUK$L 0UXK+O32*XVIYT&@LQ(JJF]D#0)O M"JDJ:G"K#H&N%=#D-(&GMI'] >G';7L MJ89;R7^RW)1++_5(#@5MN'F2[6?H]8PM7B:Y=E_2=KX)9LP:;635!^.^8J); MZ6M?AY. -/P@(.H#(L>[2^18WE%#5PLE6Z*L-Z)9PTEUT4B."?LH.Z/PEF&< M66T5OJ\R;X2*G-R_-*S&BAMR]8WN.>CK16 PB74-LAYPTP%&'P!.R*,4IM3D M7N20OX\/D-S ,#HRW$07 ;\VXH;$H4^B, HOX,6#XMCAQ?]1[),MIRCUO?!? MZ[TV"O^5WQ=2)4.JQ*5*/DBUPQ;*&PY$%N1\H<_5]R*F;=*YKFD&2P^[4(/Z M ][[5X1!#-,DDU6MF(;<RG24RNT1PE_C2UYGFQ/A%@B4YF?AI% M:*2IGZ81.?>,P4F_5* .;BK86C7"=*TSG Z#9]WUVS_W;FH]4G5@0A,.!8:& M-].Q1U0W";J-D;7KOKTTV,O.+'%X@K(.>%](:8X;FV 8QZN_4$L#!!0 ( M #%N$U&G &%4G ( (X% 9 >&PO=V]R:W-H965TZ3*A'&430.*\9EL)CYO;5>S%1C!9>XUF":JF+ZSPJ%:N?!,-AO MW/&BM&XC7,QJ5N ]VN_U6I,7]B@YKU :KB1HW,Z#Y7"Z&KEX'_"#8VL.;'"= M;)1Z<,Y-/@\B5Q *S*Q#8+0\X14*X8"HC,<=9M!3NL1#>X_^R?=.O6R8P2LE M?O+F9AG. ]*A M0?V$P>$[LJX;1FUDJJHU-Y@[:ELB;)4@&7)93($N%_WE7F.&U08U),/NINDS MG, R>VRXIE3'P716 I=0:U60;^ ]>?3S<\DM@B!AY? .1H-H.!ZDD_$+>\TL M2BHHC0?1*-TORRQKJD;060ZL4MKRO\SK]"P9#9(T@G.R$@J=D/6JNP%(&EB> MA<+CR7!GI\08PUMO%AYHI$)=^$E@Z(8::3NY]+O]L%EV&OL?WDVJ6Z8++@T( MW%)J=/$A#4!WZN\.(^A'\.(?4$L#!!0 M ( #%N$U&*BB:NRP( %T& 9 >&PO=V]R:W-H965T:&W/;BD6:[M@1]/2Y+A%>KOY5(:RV]94EH@5U1PD+B>>?-PLAC8^^["#XH; MM;,'F\E*B%MK?$UG7F %(<-$6P9BEGL\1<8LD9%QUW!Z;4@+W-UOV3^YW$TN M*Z+P5+ ;FNI\YHT]2'%-*J8OQ>8+-OD,+5\BF'*_L*GO#OH>))72HFC 1D%! M>;V2A^8==@#CH ,0-8#(Z:X#.94?B2;Q5(H-2'O;L-F-2]6AC3C*[4>YTM)X MJ<'I^$J+Y#87+$6IWL/9747U(Q">P@V1DG"MX.":K!BJPZFO33R+\I.&>U%S M1QW<([@07.<*SGB*Z7.\;W2V8J.MV$6TE_"\XCWH!T<0!5&PAZ_?)M]W?/T. MOB;=7_.5TM+4Q^\]G(.6<^ X!UT/6EO?@Z1U@+9OJ)\@RT_3Q-4]$_J$ ;M])$5\J*L-:I*$K"']^]"0>C M$P4DRR1F1"-LM@I-NQH(3PWA!+Y5Q0KELPQN7'5C"O-[E*99X>P!94(5PE+2 M!/_U7Z*="%;?-&5?:70?LOP X1A<#0>#^ MC'JC M ,+>^!@^V]"&TL@>ABS5?$1$W2I]CMT!/]+QT$TAL.:\Z4( M4]38%G4M8#AZ$M _AM>JTM]I^0)EY@:;@D147-?=WYZVLW->CXRGZ_7@O2 R MHUP!P[6!!KWCH0>R'F:UH47I!LA*:#..W#8W\Q^EO6#\:R'TUK !VG^4^"]0 M2P,$% @ ,6X341';_OTP P P< !D !X;"]W;W)K&ULC55M;]LV$/XK!ZT8$L#5NQ0GM0W8:;>U0%LCR5H,PS[0TED2 M0I$>2<7)?OV.E*RFG1WLBWCDW7/WW)%WFNVENMIIA5SNYU[D'0YNFJHV]B!8S':LPELTO^_6BG;!Z*5L6A2ZD0(4;N?>,KI: MI=;>&7QI<*^?R6 SV4AY;S?OR[D76D+(L3#6 Z/E :^1<^N(:/P]^/3&D!;X M7#YX_\7E3KELF,9KR;\VI:GGWM2#$K>LX^9&[G_#(9_,^BLDU^X+^]XV33PH M.FUD.X")0=N(?F6/0QV> :;A"4 \ &+'NP_D6+YEABUF2NY!66OR9@67JD,3 MN4;82[DUBK0-XLP+E'C:A1/:"WN*L1MI)3DS6B F,O M;^BTYA_48$BM#3.=MD3LSMXV$T\__Q2E^1L-K*H45LQ8,\M2.I8:*JJ+P?(* M/G7M!I5%?QY47]V3IR(N'U!1!\.[1U1%HQ'6JBGPO_H;M&/"\KM#U9[]@4SI M<[B3AG%X+XQJJ-<+^,)XA[!BG(D")_"!B8[&!43V_J-+R/)\DN<7\ IB/TD@ M\R\S^+4G"7D:3L(PA,C/4KCTI\E(J01*-(O>_+!6=K;"6(0UO$KK8H\@"J5)PFR4U<":FCV23D M5G8V,0TIJ7%EP355)>S; I793Z-A=$@\RZ(DGXAGDUH4N$;Z5J\L1W'/DLL* MM9-&@\7M-)H/[Q9C7Q\*ODO0;!KQ= MB&7\[CBCOJ4''J\/[ ]A=IYE(QPNC?HA2](S";6[,'Z M:F;SBS!J0+,XJ?VAK,GRKF0?1](;O+]'$E*Y#Y.8N($OB[.. M;-&2I6?(;N#):"H=?-(YYO_C8Q;6JTL/ZA;I1<(OC1[ *+F"-$F3"WRC?MI1 MX!N=X?MJ"Z'E'^$-<05+HYU1,A>M/W0.*XL.-;4)LX4'J87.I%"PYB2R&\ ML3YM\06M0ZC0%FC9+53"@]'B"AYU-CAU9I<%W%X/AC?O3DT2'[DJ=/-WQT%F M&DVMP?IL?SWGK2O_E;=W^TG80FH'"K<,30:W;&[;WI/#LN1? M#%I?P/M;8^@0^ ;]3VOV%U!+ P04 " Q;A-1J7VC,#\" !C!0 &0 M 'AL+W=OLB(=.@B9-RP95 M$ZD_0#!IHEHU>$ \N,DEL>;8P;ZNX[_G[*2A3&V%Q$OL._O[[KYS[F9[;1YM M!8#LN9;*)D&%V$S#T&85U-P.=0.*3@IM:HYDFC*TC0&>>U MPSB*KL.:"Q6D M,^];FW2F=RB%@K5A=E?7W/Q:@-3[)!@%!\>]*"MTCC"=-;R$#>!#LS9DA3U+ M+FI05FC%#!1),!]-EQ-WWU_X*F!OC_;,*=EJ_>B,SWD21"XAD)"A8^"T/,$2 MI'1$E,;/CC/H0SK@\?[ _M%K)RU;;F&IY3>18Y4$[P*60\%W$N_U_A-T>MXZ MODQ+Z[]LW]Z]H8C9SJ*N.S#9M5#MRI^[.AP!B.UXLC3F=%[9MQM8G,;7QN/)C5"N5?FMN$9) $- @OF"8*4G2KA__.T4L.C_[4&RMJUL66^8NV+]]Y^ M4LQ]@[SP+VB"M W_AZ8=/W=4#*$LDU 0932\H?XS;4NW!NK&=\56(_68WU8T M!<&X"W1>:(T'PP7HYVKZ&U!+ P04 " Q;A-1VO%C:EP" !N!@ &0 M 'AL+W=O MH1 >R*7QNL>,.DH?>+P^H'\)M;M:-LSBG1:_>$[5+)I$D&/!&D%/>OL5]_4, M/5ZFA0U/V+:^8^><-9:TW >[#"17[9OM]CH*%SQCBN VRW2CB*L2 M5EKPC*.%LY5Q=\'0&S"5P\-KPVO7'3J'LWLDQH4]G\;D4O+ <;:G7[3TZ0GZ M$2RUHLK"@\HQ?Q\?NU*Z>M)#/8NT%_!;HRYAD%Q FJ1)#]Z@TV<0\*Y/X"VY MXK*1\+Q$N4'SNP?RNH.\#I"#$Y '&2]@);S6[]2$Y^_.'1X)I>TC&W9DP][\ M'RQQ=W7$==KJ-^K=GN?[4> M=Y#CS]=ZTI%-/EWK?H;Q::WCHQD@T91ATED(GW$[#KK=;IC>MC/DGWL[B9?, ME%Q9$%BXT.1R["Z ::=;:Y"NPT39:'+S*2PK]T- XQW<>:$U'0Q/T/UBYG\! M4$L#!!0 ( #%N$U&$6 8@,@( /8$ 9 >&PO=V]R:W-H965TAI]B:# DC6"GO3N&W;U!(.Y%C9\8=?FW@PCR!M+6G9@YT!R MU?[96[/*'\J:C%OE M#D?9NCT,T"6L>:5XR7.F"&9YKAM%7%6PTH+G'"U<+!0Q5?&-0)A9BV0OX>(> MB7%A+R>,\X[Y7FKG)Y0OH:E5E1;^*H*+/[%QZZ*OI1T7\H\/4OXO5$# M&":?($W2Y S?L-^:8> ;G>!;,4)%%IZ7*#=H?I^A'/64HT Y/$$YRU\;;K" M!ZXXX>='UY$%_+>O\/SH@+ @E/:<[+B7'9^MY$" M0*-Q;(1()R^/79TY_G2 M!-Z1&7O,6GS0BQ)-%6Z]?1&6S%1<61!8.F@RN'&N M3'O+VH#T-G3V1I.[)V%8NX<)C4]PZZ76M ^\0/_491]02P,$% @ ,6X3 M4= _MHM P M L !D !X;"]W;W)K&ULS59= M;]HP%/TK5WE:I:WY )4@-0"TS:U&QK:^C#MP207L.K8F>V4[M_/=D(&%&BT M2=->(';N.??X^L2^@XV0#VJ-J.$I8UP-O;76^97OJV2-&5&7(D=NWBR%S(@V M0[GR52Z1I Z4,3\*@MC/".7>:.#F9G(T$(5FE.-,@BJRC,B?-\C$9NB%WG;B M,UVMM9WP1X.8!4APT1;"F+^'G&,C%DFH^-'1>K5.2UP]WG+_M8MWBQF012. M!;NGJ5X/O9X'*2Y)P?1GL7F'U8(ZEB\13+E?V%2Q@0=)H;3(*K!1D%%>_I.G MJA [ ,-S'!!5@.@0T#X!:%6 5M,,[0K0;IJA4P'?32^O15*P0PEC$66F8V>KXG$"W@U04TH4Q?P!I2=4@-?&WDVB9]44FY* M*=$)*2VX$URO%4QYBND1_.0\/CZ#]TU9ZMI$V]K<1&<)/Q3\$EK!:XB"*#BB M9]P8'O:/+>?OLD__./M>,5JU45J.KWV";RSX(TI-%PQA9CYFE!)3F&N1/,"W M.\P6*+^?2=.NT[1=FM:)--?&="EEA3T^8(Y)(:FVYIL^):PPVPI+*3)KOKS0 MQ!TUQKE3(KFQ:FE,YTCX=FN(X;W&3)V3U:EE=,H[O;[46O@/^Z:K%G8I%G8],6PO?+$=7GBL^4I M;? IMTM53>S0K8F[_Y,=>K6LWC^W0^_9SH1!+XSC[H$?GL=UXOA9V*0AW?1% MNKT"]>L"]5\X+#4.C\Q/;$OJNI[?]&4_>T?DBIJ3A^'2I HNNT:L+%O$6]FR$QZ M:RZ>Y0) H9>4,MEW%DHM+UQ7Q@M(L3SG2V#ZSHR+%"N]%7-7+@7@Q()2Z@:> MUW)33)@3]>S96$0]GBE*&(P%DEF:8O'O"BA?]QW?>3VX)_.%,@=NU%OB.4Q M/2S'0N_":SEUAH9*5/.G\UFE/0=SS " M"K$R+K"^K& E!I/FL??PJE3/M, M]>OWJ^M>"UFBB4,./U-$K7H.QT')3## M&57W?/T-"D%-XR_F5-I?M"YL/0?%F50\+<":04I8?L4O12"V 'YC#R H ,&A M@+ A%9HSLS*&F*%HY[@:R2,M?9F%C8V%JW5$&;2.%%"WR4:IZ)K3 1ZQ#0# M= M89@)TCI1$)T-0F%!YBKZBA\D0G7PY[;E*/]# W+AP?I4[#_8X_YZQXNW-4R2ZU!J36P_L(WM9ZA2RE!R\0L03<$3PDE MBH!\C4&"=(7=0YP)0=C<6OW@3)0'5U@2B9YN] /02$$J_]30"TMZH:77V$-O MQ%8@E0U_5:AS<,N"S9]S%36:C6[8QH+$.F^$H4O[0D"W6#R;S.HW'!HE.I@D MQC1/$CJY@150Y)^BIUM(IR#JTM8JB;0^8U6U2WKM8ZJJ?5 &*ZSV9[!3,NM\ MK*HZ!W&JL-K/J5MRZM9RFI Y(S-=,DRA.[4 @>ZF$L0*3ZG."5MFJJRBX* J M\KW-B]C[C'7D;W4*_YA*JD>;<>1"+G$,?4?/&R:FX$2HLBD<[VA7X:8_^,'' M*K(>]QYMQSO:U;9I+GY]=]FN[ ?&]U5U>%A5;SJ'W_B45;UI(WY]'WFKJFO1 M[\G\\8YV%6[ZD]_Z8%77XMZC[7A'N39W:Y U7Q&ZF<\)DXC"3'OVSMLZB"(? MS/.-XDL[VTZYTI.R72[TQPP(8Z#OS[B>$HJ-&9?+SZ/H/U!+ P04 " Q M;A-1?L SP'\# !5#@ &0 'AL+W=O9I2_NT! M$G:<&=@X=7R*=WNI.\SY]$!W\ 3R\V'-U9-9JVSB%#(1LPQQV,Z,>WP78D\3 M"L1?,1Q%HXVTE6?&ONB'CYN98>D100*1U!)4_;S I)$*ZEQ?*U$C3JF)C;; M)_6P,*_,/%,!"Y;\'6_D?F9,#+2!+X%6V08V/?SE,-\;X)O*9VW6/IE]L <%_\BS6T2L&V1;MM4SGL5H.@[Z[/Q8 M]-6/10^'Z4N(%!WWT5MS2>K"(84>N5(X-VB=4%4Q[?KYYT\%1Q\EI.+?@6!. M'.S5?F@D;!PNOPEJFW-J4 M.VCJ/HKR-$^HA(U:"]6^$,54K[9]?DHEMS&"#PXA$X=<&!J)"_MPV/$GI-^2 M5UOROBM/&<@^5UYG%%XPL>T+3Z-081X0+OU-%7="RJX0#R[/:J%57JHUJF9W49B>#9AM?[R.DS\"'OMR@ M%@W^_V4"6^?=S/JY"T6EUYQPA]A.$%SD920NO(YK.VOLTWC0V1/;RB/E,"8Y MV#ZKVK\@/><] Y.?G![2_?@)]CO9&04+K\+:MLZ[$Q[>GL*<9[',57*TKVW\ MJMMB5*;.FP5V?T&FS@LY_KZ5_.U,>9TUR0\F_F6BQJ#":ZC2D]DX]:; =\7] M1*"(Y9DLSS%U;WT'NB]._A?]#_AN@7OZE_AN5=YPSO+EA>N1\EV<"93 5H6R M;GV5.U[>8\#K@'J_98Q>7K0 >J;Y/P_4$L#!!0 M ( #%N$U&%J9JW^ , %$0 9 >&PO=V]R:W-H965TE^_5*72)9,2RJZZ$LLTN?,G!F.9LS,CHQ_%7L B5[3A(JYL9?R<&.:(MQ# M2L0U.P!5WVP93XE42[XSQ8$#B0I2FIBV9?EF2F)J+&;%WA-?S%@FDYC"$T ;YY?#$U*/&([BY!GEH6P8^YHO'J*Y8>6*((%0YB:(^GB!)21);DGI^%89 M-6J?.?'T^!;,A I8L^3..Y'YN3 T4P99DB?S,CK]#%9"7VPM9(HJ_ MZ%ABW8F!PDQ(EE9DI2"-:?E)7JM$G!"4'3W!K@AVE^!>(#@5P1GKP:T([E@/ M7D7PQA+\BN 7N2^3561Z1219S#@[(IZCE;7\H3BN@JT2'-.\LIXE5]_&BB<7 M#U02NHLW":!;(4 *]&X%DL2)>(^NT)?G%7KWV_N9*96KG&"&E=F[TJQ]P:R# M'AF5>X'N:021AK_JY_L]?%.%6,=IO\5Y9_<:_)C1:^18'Y!MV99&SW(T'0>Z M<'[.^_W/>5_WTU<0*CK6T5NY=.J:<0I[S@5[ZYC&$JX^J980H?,"^ON3PJ,' M":GXI\>;6WMS"V_N<(62PL$'U8["+,T2(I5_DC(NXW])WJ=T=5H:]POC>9M] M65PYKN.I4W@Y/;]QL+4.YEAN4,-:(7IUB-Z/ADA!ZJ(I[7@G_EW+<>T =\(9 MB5MK<9X7V/J _#H@OS>@V_!;%G-U.AP$$![N44S1@;.=6JL">81T [RO.":U MH\DO*,5I[6WZH^>TXTP(W4E--9G%OA?XG9,:B5L/XUHA!75(0?])15&Y3%D0N5.,O60'A*04!^C+M#@3!A63<[JOF"#L)9\;#7SR^H-X$EU M 2I'%14^&8KX%Y05MAM_]O]66)6ITTQZMN5ZG7R/@ZTKF'\1UHZH&1'8Z:^K MD[9<5!85H(W&.:\+Q^JTJ66%\GM1*XTMO]O![S6F? ]?"+>94;A_2/VE7@_$ MJ#Y$]TR6[5MV5_P JBVLF2RX?[04PN21:86==W^=L %46U@S(7#_B"B%[3GH M<^:/DC: :DMK9@J>#$O;LHQKE4U&*1M M94U\P?W#Z!2F>I*6F7G(T*G; #5 M5M:,$3PP1[82./K>JR\X>_-&PO=V]R:W-H965TG,94)%75[Z),)%_":V)EMH/S[V2%-TP$IZUX2 M._$YY]Z3FVMWMD(^JA6 1D]IPE7766F=7;NNBE>04M40&7#S9B%D2K69RJ6K M,@ETGH/2Q/4P;KHI9=R).OFSB8PZ8JT3QF$BD5JG*96[/B1BVW6(\_S@CBU7 MVCYPHTY&ES %?9]-I)FY)KKM-VT!P6=)WH.[']"D5"H>6+1:+R*]KNUP9&,5XK+=(";.8IX_L[?2J, MJ !(< +@%0#O7(!? /QS 4$!",X%A 4@3]W=YYX;-Z2:1ATIMDC:U8;-#G+W M<[3QBW%;*%,MS5MF<#KZ+C0H-*$[.DL 70Q!4Y:H2_09W4^'Z.+#9;J6")[9#-'VA]Z$WE>X#7;'7=3#;A6P#:2:Y71 M&+J.Z10*Y :<"-5$[I>1^[613_L]6Q>F,\6/R*2ABU_;#)>2INAA#.D,Y$.- M5%!*!>\U:1 "8:E8%@K.!90_J[1?,+SZ/?P354I>>A:I;UIOU6G_#;S?:(5UA4I>>A"I;T*] M.)9KF"-61'1T/_ /2ZD=_N6!6]DB[0EH3.62<8426!@4-@$[2.X/%?N)%EF^ M:\Z$-GMP/ER9@QA(N\"\7PC3$8N)W8C+HUWT!U!+ P04 " Q;A-1)K6V MJ#0$ #R$P &0 'AL+W=O,8#\'Q9&)+,LQ8QPFQGR:WWMD\RG-1!0FY)$!GL4Q9B_W)*+[F0&- MPXU/X5,@U US/DWQ$UD3\3E]9/+*K%C\,"8)#VD"&-G.C#OX?H5'Q@_RU/ M7B:SP9PL:/0E]$4P,UP#^&2+LTA\HOO?29F0K?@\&O'\/]@7L8YC "_C@L8E M6"J(PZ3XQ=_*A3@"2)YV "H!Z!0P/ ,8EH#A*6!T!C J :.^ +L$Y*F;1>[Y MPBVQP/,IHWO 5+1D4X-\]7.T7*\P48VR%DP^#25.S->">L\!C7S"^*]@]34+ MQ0O B0^^8,9P(CBX^:A&JIRWX&9)! XC?@O>@<_K);AYKQ"=^$V]*^54.Z)##/=(2_I$E S"TW@)D(:M%ST(/?\ O MP()GT4L]>DD\.7D.AY,6^$H/_\L3 P G.=S6K,6PJNX5M$F'- MR O M+/CG3_DM\F]J[EK$V)486R^&QK&TF@NTW-L_:!F[IUJ*HO>.7/6);.3G M5/DY%^278@9V.,I(6UX%T?A(@S6P+'B24Z^H55=4(Y=QE4:_["TJ+U:?0-7/0(;^;E5?NYE^6G+Y?8J5Z^HE5[7&U! SK[YDRK!B99H M&>Y"GR0^EUN[Q[)3WR[R*BB<(\70F@Q'HU'[XD*KWJ0L[>QKPD+"P=T["!8T MV1$FPDU$0+WJI=L]D'A#F,[IX-'&"*_@I!#5_.CU7XE527K8VB"ZT1>U.6I)U;:6=84VQM6DBO6FNA>Q<'Z2$ M%4M:"%5%39MIM&HON-TC4?8 V:?2.Z*:RFNC17JC?#U[0[6E(OL:'5_;)])_ M,/_/CG>Z[*TL1&=<4W;MRNA"5]9W_+A?QW>%-<76GHWTGOMS'>_VZOB.J$*Y M>73F$1/VE!\V<>#1+!'%\4=UMSK0NLN/<\#L*4PXB,A60JW!6-:8 M%0=,Q86@:7Z"LJ%"T#@?!@3[A*D ^7Q+J3ANMKY # #?#@ &0 'AL+W=OSX>LI5,:8[W',0JRPA_G6#*-B/' M=[83#W292#WACH<%6>(CRO^*>ZY&;LT2TPQS05D.'!@< 8+>"4"W G1-9$HI)@XS(LEXR-D& MN+96;/K!!-.@E7R:ZW5_E%R]I0HGQX^21<\)2V/DX@/#BL4P)8(O=Y*U>+F5Z"1NLOO^I/6_,M(D5J"OQC2A(A"-'E5J!?(W.&)H2Y/T\!\KZM;*^5=G= M"_*(BF9M5N@;M+V?YT#;H-8V:-%64-ZL;/!=FGP,PJ-4LI*_W>NP]CH\:Y^@ M*K36'1(VIGZO?R2KV>QX(\U:S0[$7=?BKJV5Y'SO=TIY?W*0E.QAWO*^U?'06PQ.O1\[WSUSRTS=N0;]N)/(#I4%^S4!>>7 M&COV+?K>3W2H;W=H^IUSRTV%O+;GE)7^#,]W)[-_WM'<6G(JWI:]\@-&LQ:C M0V&[8]NWG]O?E9L'U/V-EOF@Q(0L54NRYMN/5MW:;>F-SF:G^KN MS704.YJR]?M$N*JQ E)<*$KO:J"\YV4W50XD*TQ_,6=2=2OF,5$=*')MH-XO M&)/;@?Y W=.._P=02P,$% @ ,6X341X;BS1J P =0H !D !X;"]W M;W)K&ULK5;+;MLX%/T50N@B 2;1P[)L![:!V&[1 M%FAAU,C,HI@%+5U+1"12)2D[Z=?WDE(4QY;5&Y!:4<6<^ MM6MK.9^*2N>,PUH2514%E<\+R,5AYOC.R\(WEF;:++CS:4E3V(!^*-<29V[+ MDK "N&*"$PF[F7/OWZU\SP#LCC\9'-31F!A7MD(\FLFG9.9X1A'D$&M#0?%G M#TO(<\.$.GXTI$YKTP"/QR_L'ZSSZ,R6*EB*_"^6Z&SFC!V2P(Y6N?XF#A^A M<6AH^&*1*_N?')J]GD/B2FE1-&!44#!>_]*G)A!' .3I!@0-(#@%A!< @P8P M. 5$%P!A PAM9&I7;!Q65-/Y5(H#D68WLIF!#:9%H_N,F[QOM,2O#'%ZOM$B M?KQ98.02LA0%EI.B-B%77ZF4U"3EFERM0%.6JVMR0QXV*W+U[GKJ:K1N.-RX ML;2H+047+$7DB^ Z4^0]3R#IP*_Z\7[00^"BVZWOP8OOBZ"7\7/%;\G ^X,$ M7N!U"%K^8[@_Z?*G'[Z"&.%^%_R--X,VDP/+-[B4R8Q*N-G:3*[I,_:F)O>8 M0IZ"'7^_WRHML<_^[C$6ML9":RR\8.QK56Q!$K$CRIA5> 0HD'LTC4<184I5 ME,= *LR4- X.B2TT\@E7N2DJLLXI[RJBVN[0VC6'UG[NAY[YF[K[#L'#5O"P M5_#[IY+)NK)+D$S40I45)4JSKKK4])/Z'GD&*E5/0*-67]1+]:;W8J&TJB/9 MQNNW4FO^Z#APWF0\G+1QJVOZ?%O@CT._.[JC5OVH5_WF6!Q)L>@TED)22<;3 M)MY=DGM)S8UWITH:P\PIF_)RYJ2K3_\GGM7HK/:B\'+IC=O@C/]=K^Q!'85' M9] 3HO&9).\DH><[?#^*HE&WZ$DK>M(K^H%+B$7*V4]4&I\6)[9[3HT/6M1. M->?.FXWT]?#I+-C)624._>' &W<+][W7&\W[+]*;]L=T--O,I\[KK-_,X'+O MNT?W<0$RM>\:A>8KKNOKJ5UMWT[W]L5PLK[P[Y;U"^B5IGZ0?:$R9=AK.>R0 MTKL=80'(^HU33[0H[:V_%1K?$':8X;L0I-F WW="Z)>),="^-.>_ %!+ P04 M " Q;A-1R.2.TDT$ !U$P &0 'AL+W=O_=SA:ID@'K;HC/_ M_K: H"-4S.Y\&*&LJW)]XS@J "EB8DLRS-3'&?&;%*,O;+9A.8BB3/RR@#/TQ2S MCSE)Z'%J0.,T\"W>[H0:,&>3/=Z2%1'?]Z],WIDU2Q2G).,QS0 CFZGQ L=+ MA!2@L/@W)D=^=@U4*&M*W]3-7]'4L)1')"&A4!18_AS(@B2)8I)^_%>1&O6< M"GA^?6+_O0A>!K/&G"QH\B..Q&YJC P0D0W.$_&-'O\D54"NX@MIPHO_X%C9 M6@8(D N@&%$?BZ5P\X>%%K&XN/1_ 0$('CA#^"9_!]%8"' MWQXGII!>*6XSK#R8EQZ@#@\\\(5F8L?!,HM(U((/]'B(- 2F3$>=$W3*R1QI M&?_.LP&PK2> +&2U.+3H#8=^6SQZ>$!""8>=\&5_^$B3#+LN$+O@LSOX_LG3 M-6&J"JKUUW Z-:=3<#H=G'. M<&(>SE?CVL[UO"NSX*;912AN'8JK#>4/AC/16K9S+5 )P)CO<4BFANSPG+ # M,6:@K=I^$4_@7B7 VQ:Z!VQ#:^6Y1DBMW-=1K7OHWY[C&11QP8;]=M@04^[Y;6=;H?Y M=2!^GP+#ZX2T!>%?3VJ-;-MNGQ1:C2Y:VFF_YH(+7.3N"<298+%\.0K! 2=Y MJQ]ZNOMK%)XI..R;H'Z>EG3>^7IJ&@%$C2-(*Q4_BKHE3=OV]=A[XO.N.E=7 M435Z!?6"U:/I5PR^=FL$E95^ RU;K#1;HU$NJ)>N&QV_0E_ZYGL=LS8R _4Z M<]'P0_E%P>1';(X3( A+6_W0\PW!!\&, P>DY>>)!R+\P5M+H1\3M&Y2+6]0 MN2**2GT_77)>?38UF(KUF7BA1GQ3>X#MYZYV<1?Y-9QO91'K9K!IP+T># M&UQ^Y:A_AZ.-K"+4KQWU=%7/5A53FV?FV3%"2MBV.+_A,!'"_+$Z"&OCR0^H*9E',.$K*14UF#H6R+K#SC*6\$W1>' M&&LJ!$V+RQW!$6'*0#[?4"I.-VJ"^J1M]C]02P,$% @ ,6X343S]VK-) M @ CP4 !D !X;"]W;W)K&ULG53=;],P$/]7 MK(B'(<&2)FTWIC32VH( :=*T:?" >'"3:V/-'\&^K-M_S]E)0QE=0;PD_KC? MQ]F^R[?&WKL: -FCDMK-HAJQN8AC5]:@N#LU#6C:61NK.-+4;F+76.!5 "D9 MITDRC147.BKRL'9MB]RT*(6&:\MD 6$NVW2W;RZG4>(\EZ<%SV$O-.(GU!8LJN MB+1V[+VNH/H='Y/=P7.Z\SQ/CQ)^;O4IRY(W+$W2Y("?Q3_#1^^.V,F&(\P" M7_9?1[@4KI3&M1;8M\N50TL/]_L1U?&@.@ZJXQ=4PYG*)ZHDC:SA3U[_T-UT M+-/ XDOZH4BSL_,\?CB@/1FT)T>U;[PF/%(G<7!(<_*'YFB<3L\&T>Z6_A;5 M68OWWK8"NPDE[UAI6HW=DQE6AZYR&8KIV?J&PO=V]R:W-H965T(22!M34@I!91&XF73F,96P=@^(#ZXZ:6Q\$MF.PV5]N-W M=DK43:6:]B7QV7?/RR7GK-7FR5:(#IZE4'825<[59W%LBPHELP-=HZ*34AO) M'(5F$=O:()N'(BGB-$F.8\FXBO(L[$U-GNG&":YP:L V4C*SND"AVTET&+UL MW/)%Y?Q&G&Y0YEZ@LUPH,EI/H_/#L8N3S0\)WCJW=6(-W M,M/ZR0?7\TF4>$$HL' >@=%KB9Z_8AK/T%@H84-3VB[W#$E%XUU6JZ+28'DJGNSYW4? M-@K2\2L%Z;H@#;H[HJ#RBCF69T:W8'PVH?E%L!JJ21Q7_J/<.4.GG.I/A,J7#M4-K''43#GF@8B(Y>(?K2>/N@2RBTE(1/GZUX M@LX(T"A81WWE:@&Z521HMJ+_N=-6!VV_8)OIKH$=]2A0^Q%;YH>GPS0Y.VR>E0CC>ZEXZ'H^2OWL4; ^3OHAMF%IQ^?H$EU26#,<&8;KZ[P.DZ MS-1,.YK0L*SH2D3C$^B\U-J]!'Y,^TLV_PU02P,$% @ ,6X345;!'[DX M @ @ H T !X;"]S='EL97,N>&ULU59=:]LP%/TK0AVCA5';R9+1U39L MA<)@*X7F86]%L:]M@3X\6#I R _?\@1'\X\8>;H;F4."'\_?_VJEOGZ'_'CVX>PL M?+RXWL?/7> "!R^2SHX@O0S#P\0V>(A\?ASYW[@=== W*(T+*7;[9 %3FW! M*\(2?$,872IJ9Q6$4[;V\,0"F612(6TVR(B)+-(\^7#D/;MW/0^G0BI7VU?P MWV6?OA?8>%8@96P0.,$>2..:: U*W!K')3OP60CU]F)=&X6E(NMH,L/;"6XP M1992Y:"&,A'>0&G,H+!R%"TK.VI9!S:HM>3&R"DII2!.PV9&;QC:#!A[L ?[ M9['#W16C70WMGHK!-()ZT]-XQ_*/V3SWF#9\%2^JZ4KJKZU9CG"^/2QPKZ"@ MG?.[8A!PB#TZS$[JFJV_,%H*#G[Q1Q=,8[*9ARJIZ).I9H]*9@!0&*U :9J- MD=^*U OH].8X=<5AS9,WJ/G?]KD$ 8JPL6AS]D^YRZ]6//WTOR2[O\J^X!-/E_G;@2=&A(E@6FD7)TZ(=I7\=Q_:0T^FO8R*T>EOH^7%H5 J. MW&,EC'%BM/XU@LD/['X 4$L#!!0 ( #%N$U$@X6]WE , !(; / M>&PO=V]R:V)O;VLN>&ULQ9E;;]L@%(#_"O++NHEFW2ET6-57W M6!&;)*@8,L#KTE^_@UVK>$F.]D+]Y( Q_GP(YP/[]%GII[E23^1/(:091RMK MUR>]GLE6K*#FLUHS"6<62A?40E$O>V:M&4R.CMM^IKJ MGE]0EF66*PF5KN*!LV?S=MX5R6]N^)P+;C?CJ/HM6$0*+GG!7U@^COH1,2OU M_$UI_J*DI6*6:27$.(KK$P],6YYM5<\9RZ;J!I^AYCU'%H3G603S1_Q-&M5CP MC%VIK"R8M'4<-1,.4)H57YN(2%JP<=0T(53FY(NT$"1R(^NNH*U[4KCU35X_ MM05<+X;ZA,,)?9-7X.$@+Y7,F30LKRBA9)3@.;#DY((*ZD$F"&32(>1CXD&F M"&3:&>0,D#S( 0(YZ!"R%UB' M"-9A6*Q96114;XA:D!E?2@Z744A!YUFF2DA!'N01 GD4%G("YFB(Y-)-#YE3 MG1N/[ABA.PY+=TVY)@]4E(Q\9]24FKD+?+BXCR7L?E@\\/(:K+FIM?*KY&MW M@4^'ZB2P3VY \G+I;DK.C6'ML&$*B0,[9 *K&4.F=$.K^[Y!85H/>PR ;FOT;2\P?<6"!0.PR M:*'K,SX5)HPXL#%N.E2*.V_)2:4I".AO,;3Q\2\D@3V MRM8:GQQ<,4NY: \X9I4DL%7P/.3OE1+,*DF7VY+'@8^):28)K!D<<^AC8O)) M.I7/R'\?@LDG[4H^]23R,3'YI!W)YW6J^YB8?-+WE\^.9)2B;\ "VZ>UQ]J- MAUDG?0_K[)6CGRM3S#II8.O@F'ZN3#'SI*'-L]?A$[=Y]3$Q\Z2AS;,7L\JB M/B9FGC2P>= M+#GP,3'SI('-@VYB6^O+ 6:>066>7O,-)F<+6&?E$[B%@?J, MBFRJB3O4KXT&0[?76Y1"7$+=#WFK:-Y\TFD^1YW]!5!+ P04 " Q;A-1 M/&'U&HT! !/& &@ 'AL+U]R96QS+W=OM@GT M5M1;"?16U%L)]%;46PGT5M1;"?16U%L)]%;46PGT5M1;"?0VU-L(]#;4VPCT M-M3;"/2VEX\E!'H;ZFT$>AOJ;01Z&^IM!'H;ZFT$>AOJ;01Z&^IM!'H7J'?Q M3KU#O-0^/'KN:[S_.ZF.UVO]X_:WY7T3GQ?%#6<'_P^6OU!+ P04 " Q M;A-1F,0A):(! "F& $P %M#;VYT96YT7U1Y<&5S72YX;6S-F/##FTH)JY1)MJ D[N;:U\N'6+IE1Z4HMB8G1:,)2 MW7AJ_-"W&O%\^D2Y6E<^>MZ&QZ[4S2RV5+DX>MP7MEZS6!E3E:GR89]MFNR; MR_#@D(3.KL85I7!"SLP[MSL\&A[[7#5E;9A0ME/4OJ@Y5;%LQYW<5N:1? MXDQ&G>=E2IE.UW5H29RQI#)7$/FZ2O:B@WYG'TZ8]E=^M7\GTV<8*A=6&Q&PO M=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0 ( #%N$U$I(K*LSP, .,- 8 M " @0X( !X;"]W;W)K\% #7& & @($3# >&PO M=V]R:W-H965T&UL4$L! A0#% @ ,6X348!3@1)] P M-P\ !@ ("!.!( 'AL+W=OL5 M !X;"]W;W)K&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X34&PO=V]R:W-H965T&UL4$L! A0#% M @ ,6X3406V4R/< P >@@ !@ ("!43( 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X3 M41O%>%/F P 2 D !D ("!^D< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X3479M)?I7 @ 804 M !D ("!Q50 'AL+W=O?D! !T! &0 @(%35P M>&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X34>PW8\R=!0 )A$ !D M ("!1UX 'AL+W=O&PO=V]R:W-H965T M&UL4$L! A0# M% @ ,6X34:< 852< @ C@4 !D ("!(VH 'AL+W=O M&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X346IR MC-Y @ P 0 !D ("!7W, 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X34818!B R @ ]@0 !D M ("!WWH 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ,6X347[ ,\!_ P 50X !D ("! M)80 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ ,6X342:UMJ@T! \A, !D ("!,H\ 'AL+W=O&UL4$L! A0#% @ ,6X34&PO=V]R:W-H965T&UL4$L! A0#% @ ,6X345;!'[DX @ @ H T M ( !HJ0 'AL+W-T>6QE&PO=V]R M:V)O;VLN>&UL4$L! A0#% @ ,6X343QA]1J- 0 3Q@ !H M ( !KZL 'AL+U]R96QS+W=O XML 52 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 53 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 54 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.2 html 100 254 1 false 25 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://evolutionarygenomicsinc.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed and Consolidated Balance Sheets Sheet http://evolutionarygenomicsinc.com/role/AndConsolidatedBalanceSheets Condensed and Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed and Consolidated Balance Sheets (Parenthetical) Sheet http://evolutionarygenomicsinc.com/role/AndConsolidatedBalanceSheetsParenthetical Condensed and Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed and Consolidated Statements of Operations Sheet http://evolutionarygenomicsinc.com/role/AndConsolidatedStatementsOfOperations Condensed and Consolidated Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Condensed and Consolidated Statement of Stockholders' Equity Sheet http://evolutionarygenomicsinc.com/role/AndConsolidatedStatementOfStockholdersEquity Condensed and Consolidated Statement of Stockholders' Equity Statements 5 false false R6.htm 00000006 - Statement - Condensed and Consolidated Statements of Cash Flows Sheet http://evolutionarygenomicsinc.com/role/AndConsolidatedStatementsOfCashFlows Condensed and Consolidated Statements of Cash Flows Statements 6 false false R7.htm 00000007 - Disclosure - Business Activity Sheet http://evolutionarygenomicsinc.com/role/NatureOfBusiness Business Activity Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - New Accounting Standards Sheet http://evolutionarygenomicsinc.com/role/NewAccountingStandards New Accounting Standards Notes 9 false false R10.htm 00000010 - Disclosure - Fair Value Measurements Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurements Fair Value Measurements Notes 10 false false R11.htm 00000011 - Disclosure - Property and Equipment Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipment Property and Equipment Notes 11 false false R12.htm 00000012 - Disclosure - Intangible Assets Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssets Intangible Assets Notes 12 false false R13.htm 00000013 - Disclosure - Notes Payable Notes http://evolutionarygenomicsinc.com/role/NotesPayable Notes Payable Notes 13 false false R14.htm 00000014 - Disclosure - Stockholders' Equity and Warrants Sheet http://evolutionarygenomicsinc.com/role/Disclosure-CommonStock Stockholders' Equity and Warrants Notes 14 false false R15.htm 00000015 - Disclosure - Stock-Based Compensation Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensation Stock-Based Compensation Notes 15 false false R16.htm 00000016 - Disclosure - Commitments and Contingencies Sheet http://evolutionarygenomicsinc.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - Related Parties and Transactions Sheet http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactions Related Parties and Transactions Notes 17 false false R18.htm 00000018 - Disclosure - Concentrations Sheet http://evolutionarygenomicsinc.com/role/Concentrations Concentrations Notes 18 false false R19.htm 00000019 - Disclosure - Liquidity Sheet http://evolutionarygenomicsinc.com/role/Liquidity Liquidity Notes 19 false false R20.htm 00000021 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://evolutionarygenomicsinc.com/role/fnam-soapadobp Summary of Significant Accounting Policies (Policies) Policies http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPolicies 20 false false R21.htm 00000022 - Disclosure - Fair Value Measurements (Tables) Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://evolutionarygenomicsinc.com/role/FairValueMeasurements 21 false false R22.htm 00000023 - Disclosure - Property and Equipment (Tables) Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://evolutionarygenomicsinc.com/role/PropertyAndEquipment 22 false false R23.htm 00000024 - Disclosure - Intangible Assets (Tables) Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://evolutionarygenomicsinc.com/role/IntangibleAssets 23 false false R24.htm 00000025 - Disclosure - Stockholders' Equity and Warrants (Tables) Sheet http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables Stockholders' Equity and Warrants (Tables) Tables http://evolutionarygenomicsinc.com/role/Disclosure-CommonStock 24 false false R25.htm 00000026 - Disclosure - Stock-Based Compensation (Tables) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables Stock-Based Compensation (Tables) Tables http://evolutionarygenomicsinc.com/role/Stock-basedCompensation 25 false false R26.htm 00000027 - Disclosure - Business Activity (Details) Sheet http://evolutionarygenomicsinc.com/role/BusinessActivityDetails Business Activity (Details) Details http://evolutionarygenomicsinc.com/role/NatureOfBusiness 26 false false R27.htm 00000028 - Disclosure - Summary of Significant Accounting Policies (Other) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesOtherDetails Summary of Significant Accounting Policies (Other) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 27 false false R28.htm 00000029 - Disclosure - Summary of Significant Accounting Policies (Property and Equipment) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails Summary of Significant Accounting Policies (Property and Equipment) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 28 false false R29.htm 00000030 - Disclosure - Summary of Significant Accounting Policies (Intangible Assets) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesIntangilbeAssetsDetails Summary of Significant Accounting Policies (Intangible Assets) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 29 false false R30.htm 00000031 - Disclosure - Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesNetLossPerCommonShareDetails Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 30 false false R31.htm 00000032 - Disclosure - Fair Value Measurements (Details) Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://evolutionarygenomicsinc.com/role/FairValueMeasurementsTables 31 false false R32.htm 00000033 - Disclosure - Property and Equipment (Details) Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentDetails Property and Equipment (Details) Details http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentTables 32 false false R33.htm 00000034 - Disclosure - Intangible Assets (Details) Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssetsDetails Intangible Assets (Details) Details http://evolutionarygenomicsinc.com/role/IntangibleAssetsTables 33 false false R34.htm 00000035 - Disclosure - Notes Payable (Details) Notes http://evolutionarygenomicsinc.com/role/NotesPayableDetails Notes Payable (Details) Details http://evolutionarygenomicsinc.com/role/NotesPayable 34 false false R35.htm 00000036 - Disclosure - Stockholders' Equity and Warrants (Narrative) (Details) Sheet http://evolutionarygenomicsinc.com/role/Disclosure-CommonStockDetails Stockholders' Equity and Warrants (Narrative) (Details) Details http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables 35 false false R36.htm 00000037 - Disclosure - Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) Sheet http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsSummaryOfWarrantsActivityDetails Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) Details http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables 36 false false R37.htm 00000038 - Disclosure - Stock-Based Compensation (Narrative) (Details) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationNarrativeDetails Stock-Based Compensation (Narrative) (Details) Details http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables 37 false false R38.htm 00000039 - Disclosure - Stock-Based Compensation (Summary of Stock Options Activity) (Details) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationSummaryOfStockOptionsActivityDetails Stock-Based Compensation (Summary of Stock Options Activity) (Details) Details http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables 38 false false R39.htm 00000040 - Disclosure - Commitments and Contingencies (Details) Sheet http://evolutionarygenomicsinc.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://evolutionarygenomicsinc.com/role/CommitmentsAndContingencies 39 false false R40.htm 00000041 - Disclosure - Related Parties and Transactions (Details) Sheet http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactionsDetails Related Parties and Transactions (Details) Details http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactions 40 false false All Reports Book All Reports fnam-20200630.xml fnam-20200630.xsd fnam-20200630_cal.xml fnam-20200630_def.xml fnam-20200630_lab.xml fnam-20200630_pre.xml http://fasb.org/us-gaap/2020-01-31 http://fasb.org/srt/2020-01-31 http://xbrl.sec.gov/dei/2020-01-31 true true ZIP 56 0001553350-20-000779-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001553350-20-000779-xbrl.zip M4$L#!!0 ( #%N$U'1D2 YLW( *=U!@ 1 9FYA;2TR,#(P,#8S,"YX M;6SLO6ESX\:2-OI](N8_X/;X3-@1%)O[TC[V&^K-HWE[T6FU[>O[Y00$%,5R M@P"-11+]ZV]F%E82I 0 L4/'-LB@2JGLK*O9;\Y_]Y7!G*/;,=;ID_O>AW M>R\49FJ6SLV[GU[\>G-Q>?/FZNJ%\G]^_L__4."??_X_%Q?*>\X,_97RUM(N MKLR%]:/R25VQ5\HOS&2VZEKVC\IOJN'A-]9[;C!;>6.MU@9S&?P@>GJEC+LC M5;FXR-#L;\S4+?O7+U=ALTO77;]Z^?+AX:%K6O?J@V5_<[J:E:VY&\NS-1:V M]>[>,CP7(*GV!D=@K;CF=)0K4^LJDW\,W@Y[\*]!3^GW_M5]7,#0WJHNO#;H M#?"'W@S^U9]_[8]>]4:O!L/_+R,&5W4])\30>^SY_XC7__EX:QO\%?Y;@>DQ MG5>/#O_I16S8#\.N9=^]'/1Z_9?_[\_U MY_/Y2_HU>'3G2>P\Z&/X$G^^59VH901XX/D=)/"K[H8OQ!\>OQ0_)A[EJ8]. MQ*,\>%1G6\\Y3.O>6?7.$,7O?[%L!\\;K/%7LB3E_!K\"!WK-&@/STT M/O%$\(+G7-RIZCI\8:$ZM_2P_T,*&/C%M@SFI+Y#OZ2\9%JFZ:W2<>FN_=+= MK-E+>.@"GF(VU\+WGGXI^0)@P*_3T=$O*>@TRS-=>Y,^)?Z/*:\YMKO;#7R9 M\NC"5*.!L)CDWOF"RT%L-6M%K_8FP]Z+0!B1@5\Y)"9?V$(AWG^U)([ 1B^" M%[J/CO["_QG'^=,+AZ/N>J&\#)H2PJE9ILL>787K/[VX=#XO!KW^^*+?N^C/ M@S[#1YGIJ6V2PA_ MVWD-#&[L)9RBJ'L]\4JU+*$^GB=+Q,?5LL0!5?IOWW[^^XUE@H_J\EN#78/2 M9K;-]!O7TKXUFSG\X;U"?Y#A^V\,U0$*T- $PP2//$&!NME( JN1PAMOV:U[ MPS3/YBYGSGGPQB6TJW/T=.Y9-+9WCYKAZ4Q'^F!TY0$'P6N?%^]4VX38S;EF M]LU2M=GK37H#>[DKC8:MDLK+E._ :;0VC)&(?E[CW+3LF)D=]U*O9<2LC*AY MCFNM0#FN5I8I[(FI_Z[:-NCF5C,^S8H8%;XZ1+V6%3.R8L/B81I.'GADM:,)Q8ZDSY^@ M0.M)9KW2KV7=%%8L<9 &K3G)8DY: M-I*,C4YL8%I^D)4 MF3B@AF4[7+08@W**-@OMV6-Z YTPYW)P9ARQN]O6W_63B0RGW5\PCAF54VZY M/>MD1V.V8S=B_?+P/L56]B1GK]"?:9=MY5N^J]R/1=YJEVWEFO=@3NKT M4-HU&'G68$HQ&)6G0+8-1LLT\BS::4Y:-I*, MC4YL8%I^D)8?3FYRVK67DZ^]--/(M(QS(O,YUU*F3_HNZ!T9]6HU3-!SM>1Y7;=&'YE;GV7.<#NV=&_SRX(!S: MZTWX\7^@']76EAL::-) '"#%>:N&3$QQ)GNURF **;:*2L$4PY8IMDAQWDRQ M$U*TYD-N\U&'3Y&)*5KS(8_YD(8I6O,AC_DX"5/@,L :AW$>C'!M6T >=W-M M .4N33T66;<\MZS3>YZ1)CW_!$_/4?VV$^&\^:'W4(,K=TXO=TXS5IF:S>::3=. MD[-J[8:L=N,D_'!E MTTYCA?F,,P/ ."Q 3E/%BCT$7=F2CSS+BEO;[]I->W MGSBUW>J*ANJ*DT2HK:Z01%=4._O[R_2TG" ')Y1R3U_E13^2#-3$C=]ET+G" MHA\9!+4M,7O6)6:;(OQMB=DS+S';+$9L2\R><8E9:5D1(_S1>968'M^6]JFM MNU7>P>9''>0-=8P MMPPD'P,UQ^-HF4:29X*"T; M2<9&)_996GZ0EA].[L6T]R&>_#[$YOLM+1-)Q43-\51:QCDYXYS8-VDY0"(. MJ-8;2=[(W+#5\=HO+6[B%H+Z_=KM$@$-(YCDM^BG;V=K.)TE+#*?(4YK-U6? M]:;J9L9]+5.>-5-*&$=FT)3M3O^SV^G?3.W8,N+9,6*S-&)[Y.2,CYPT2R>V MK'C&K-@LK=C>)R#=?0+-TF4M TG'0))KH/XDT$#P>1I6"GI]>:UN@ >T;]>V MY3(-#0-\NK/5U7DP%28TKDS'M3UL)%XHZ,FAGUX=]2>YU1'.;M7KYRT'2*I M@9]:J>"$%?!Q>N.J3=1>3KIZ^^%YZ).=D;:\DJ'D97/\%TV*IKV;O3F@/@-LBT5F.=OF7H-9A/=>M/,H[)R=9O6L/![PDJ M9* HT=+9.VE/@\O0Q[67,EW)'M;P,7O[*;=67*OV9YOV1^I4JRE@$\5GV"]L M$>Z"&U_T>Q?]^0L%VZ0?XGREZ$SC*]5P?GIQ]>D]J(]N#S, .?HL"69PT:3< M,,/KGTX 4S#OI>F1YS$A#2-U_NARZX_!: SDJPE=%E635*B3Z7@PJ9%VN315 MOS^P8\=ZE#\,4AQE=Q2T697-2;@"6.@#W1Y?$( M<_-5?S":]$8<>#FG?][*3[T> S& M/#:K.YT409&;MT:3R70^+1E%;OX9]GOCTE'D9I+!8-";]8J@N#(U:\4^6$XI MG'$Q'O5&J:P1]5,,2F[VN!C.AI/IK (HN7GD8B^3E$&57(QRT9_VAX-\4*[, M>^:XZ">)9\!C9Q"ONZ68L C)OFZ.@).;:8:32O&4$:A$#VLO6-C1$ M.Y3AL\'P WH\*\MV^=_T?2EA?V\XB2F@+-V6!#5_#N!XJ&)[M^HP'3> ]U+ MHV._-Y_%H]GTG@KCR4^L?B*:S08'.-)F\-!;)OY[95YJFN69KO.%:8S?J[=& M*2KM D+MA)I]NMN2H.;7=+UAW)#_J'8":[+ %B?F=T M-)P>G/2\$ /*7ZL;)#N*OJ:!PZ!_X.HM-^C(1BFB/>SU)_,L/' (267C*:!' MYTD?KXSA?&+N&]597ML6KJ7KKS>_.IC7#EWK2PTB]-*FY&(PF0[B.YP6 TF#S-?UP&;GP-E '^!Q?U[E4#CYQ<0G.VO8$W:0M"VJ+=+,.B71_L;"^F MEC)U5AK"3,N*XU'S4840BA72]RJWZ>>WW-$, M"_<^%9Y6,.XQ#V]O^\< R9:&'X_FPYJ A"?GPM>NS+7G.A]P0;#O[RMM!-A! M.MBG;$?I.(;5X]BIR%YX\FI@^4Q@:YB\3#@*3MZ!+1R_V-O9ZCV\A'&/I3'' M25^6SS*;$)Z,YS'3^12L*H:1/(%[T!\9].+!?PU@=UB@F33?&49M-+_4__1$ M'OR]91?(0!9 /!G'DMY[^S\&Z,$:U7F ]BL&FN/JA*?2<-.,9_0J0?L#L M!>U) 9XVRMQC H%?;+DPM9^B8/(G) N B5WL$\07FJP&4\)3$;)S?@58"V;')_!7P5SK4-L_,FCXW29DBU["#">P#_3 M\@BP@^XDP\\\__W>K']^X\]^'J71X_^=\;NER_3+>V:K=^S=([,U[K!KFVO9 M,Y![#UP-NL-A)70Y!%LB:N4[1=?O3D?/F%HY#_,U@UI.+F.7F6)9OD=[ M&)6.Y G/XS ?C//P07G#2*7@[=,L>+NGY]^8 ST)C?]Y(8Q- D+,SNDQWMGF",ESXN%=9@YX#N MXNG@YIZ!X""/ 9&CBZ5W8/_!M02M+6;[S\X%?5-1.:HH78> MR:XK3P8M9%]_EAO!NCO9]":!W[[\*1"O8N!/)&SR@:_N0I3D#1[9>BT=:P$S MD^-:DKH'==15+S6#/>["EQ.!S:D9Y1U0054O[X *JG]Y!U30)%0^H,+IF4^6 M*:(L474TNMZNY!Q^OX_7])603\H!6!8B9<_T/U\BY5@. "*-)V='),J+;;FA M3S@.F>F9+[9LZ5GN$JF$]-QZ\ M;J1QKAGUE M]NK*_(.IMO/>LH,Z8%FU\L_7HX_]X5M_K/GZ*!<>:)!()P;:Y.?K_A_]WL?^ M2 J$:5H;$!Z/+PH1]UQ<^:O#%I[Q@2^R+F;_V['=?W^$KE=>>$?[]?"/#'=D M1EU5C4Y]3*";'H>.-H]?K=8JM_'!-R"3=Y4=/,W_=X@6C3-C.UPEN8M77YNZHZXCH22(G3C#=!7 M*^=^H]%@.AON2\4<[K]D[ 4N[YN,YV,IL.>^$&?:'\X'4D O<.%?KSEW>J]S .PU(2H*[MY>6H3/; 1^":^5<;S*=#^-WG>7$4/X0\M]3,.[- MID.9AE#@QKG)I#_O232$_+='#4;3Z6A>VA".K(M[N<)K0?*>^8HM-F*EEZC? MS&OKT_E\$#]K7,8HI"#-_K+T^7=O-Y\J60I3YTYC-XHL!X\D/F\Y.DB:(^1H M^Q!,\XE2FAC%E\P:19:#!V9;,=I[0O=YD^8@USQ;2WV089ZKWDUEE=9]2>65 MYIBC[:*A/9P .0>W-:X3Z=*1_$.JD M9JH>CN@/0AT5AKJUTI$XQ!-;WSJ:A?=I[]FL/YO'M@P4PU/9J(H=L))]5$\( M1D-']80,U3NJT*-A]CW76/KR\R>+KCB%OG"EV?EJN:H1_QW783Y9[A\,1J!9 M=R8>/(BY2(?NTSI\BU-_/.S%AEP+V)2E@-@MS6\\VV9FX4I]@U%_:V5HM^VB M #(6(1M,!CD!B(NRCAQYOP]1P-]3'1<>)]X-'%\N$ M?2SSSD?Q&X5S]%@NV(S+S_-Q(G8HCK8R"I;4=4:5UYO'=WOFZKOP>'N]R722 MWFN^[C)>V3_I#WKI!-[N[BM;K2U;M3=B&VEP^;"($2]=U^:W$$C2,MNU>LR< M#\>3^3A^[VKNGJN GJT&D=30\Y_KVAY>;S ?3^>2#:_XL;5&#*_X(;8G+KB7 M8G3%3[15/;I8)NZHZ_#'B2+DVZT6Z#5;#)2KUVB/W#6X]5>F?]%([+7"!FW0 MF_5'R7M*G^JK%'39[-^@-YJ-IM-CT'UAKLI-I@>9*?"2O)5'Y7[?L@77>&%# M>-$?#J?]2;RFSM.=E0(OV\:A_G#>FPWB@6E^>/&].$)2]U1- (\-H-QS/II7U'5MY#-DPBTI,Z("R,/ES(16F;3KEMAZ367]0![%R M YN.^K/IL'J*[=%[639;#P9S"!UK(-Y1&,?]R7#[ N8*Z+BM 3. @Q;&T]EX M4 &Z;0H60S>=SN:#217HI--N:/BDTVX[]0SR*I'YN#>9;%_W70&Q<@/K]\!J M5Z,ZRE-OVPYL5=0["N-D-!_UJJ=C(06RX\561<%BZ";]X6@VKHQV3VR^!^(, MRN\\FP,_G4#X4S[7I.PEE$&)2H=IMTA)?OTY'XY&H^JIE1O9K#>=3,1C[S7/YZ;-GGTM3+,V\[Z[U/=50"L&)KQ'F!I5V?>>4X7@T7P(ZG MT]YD[SGA.)2C0)=[\6M-H,N]\!7"D]GDB3M3RZ2TA*!C6\*D8.P8GN/AU\_B MI<*OG]FKH;Y\\#]P4/HZ[?L3/S!38T^MQQV]_CSJ34>C_M[+./>#JF(P1Z_' MSF:3^/:9HF.)Q6D9U6B!3;%[.BF.Y8AMQT6Q/"%L>9:2"D,](&!Y\>999I(# M;Z/HFRO1+0'>,H6[7"J6)>;EHVK0W)X6[Z^FS50#=_3_HG(3[PSY;%[1<0"Z M&*^,NVZ&TWDLVGRBP^/QY;_ :1PO#E$YOMRWU/3']1,PWQTT_=YH-,R-D*XH M2[^W";=;,_20RKQ<+$M_1V(K?'E8'FR)W);PD-YZ-LBV*.PF1)Y^],_GU''Q M(RJ##;BZY+'DL"2,9G**-.9TQ=_/S@\GT MUYLOC#;"7JNV*Y <.K9#E\^^67*V@%XUNL#A\V(!_=J9$V+SX: WF_EFM2#" MI"L PP>B 242[>RXURFME3/2:R^U@,T /<-C$>X[%:8S?XT&!3\P]\C3; M9#9*.0Z8UL.1: K?&*S]Y7'PO=YS>(U]@*G0KX"=22.46[)1/Y;E<,M M!4#ZZ&J3GZ\'O3_BM"D.9'M0^QS]7.=S)_%370\4[F?)2]=)Z#=TJ>9.+>$GH=5]+R3%RP\"26Q8"9 E4Q" MIIX+3L+-TK)=<7U]V<*>UG3![HN(?Y;NDS'S4:?5MK<*IS1=K/=L68KM_6P9 MNK_4__1\NGRU]FRU(@=@IP3X%P9&Q@'[XE\,(IP^_WH/?&!W+.D9CK*V\4X' MTU@&L^J!24#(;0>A)$*B!/6>'2%SY5.!1/$#)\^ 1+DSNJ-QXN*9\Z?0P9L] MCY+&EM7*(.2S9,AM\] J_B==$9F=C#UK)/1L8L4GK]N5_\AO;SS?WI^=!5AM M(RJN*"YD&-M!WR[_.>C^4.X1'3%;LHSM*0>RX/IG9DEXRCNKLO^#OD\A;MT^ M+W8*W;+7"N6IWRDI_I/5)0J8T/. MQ1CK;L6F)M%#WN[S%RX;S@;]T:"B[H\^E3WH]?97ACMV;HY'-\);:4M$EZ]@ MVV ^FL:W.AX]=3DWNLWZT_@Z9NFC/VYNJB;.<8=2RZ9=KO"X7,;-'7KFD^H# M2[^Q:\4N5Y;M\K_5G;V(>2X<'?;BQ0/S=UP)]&S;BD?#<:],Z.G;+[_ :]'> MBKPK_6^B>DE/^)U[-GCT]IXC2@=8Y:#".BU[QA0: MG",K8QMA92.38<.GM(,K& M>I>YFP6P"Q,])!J(M^SO<'S/'4TU_F"JG73 M=RMFWX',_6);#^X2M;1J9A]B;-(.-)2QN]B9@6?OH?OLA/Q M7X,DK^^TM+\[9*1\G>'GM.["EE(TDF#=+VR-KKMY=^.J;HX>_V!.0B.EMK;; M*\00P,H:;LD&.5'3]AOGZ#6]M;1>-;\PL#)<=A'D++L M8)X,.J9CS (/L]?Z0C0ED6 >?Q*^%KXMPF<,GNA3D-Y)+=(P7U M;+Y#^3]?]^/GZTKKO[2C_(E"M,ZEYRXM&V_/."H/U1]A2J:,T_O[ MX&V/O[):LT$L:L=V6/:SS_XP-OGU8DQ$/A\![]+8?,%TDJ!N49T\&$Z#L\V[ MC>X>3 M6&47->TRH>G@.>,T$,SNOV<*RF7CNJ_K(G'>/KJU:-L1"JKVY/W&;M+8OHE==;&?N)\XWMV-W#X*5KC.G$(+C14#4U]GF17)(' MYSVZKI2^J6A:2P.36^%NU]$LAJ2&1>$UW@]1PWKWEDLYZ6)<(\.X)*=Q>1LF M7+JDQ7^8=OQN,V"F)%/66YGW3OVX.PANJW"GO;+OK?/5R%TG='N:EON32>]V7 X M+"'6WX>N[.''EMO F;2YZ7 M[_49F:YX*Y+HV25"$F._,+.-4E(RE2"LD%TS MV\)#A-FK'/K=^:02/L[B3I0U+S'NWNKV"UNI'+?,8QR&.P(\U< ;;@;9TUG3 M/T8?)V_+8Z("8.6D5W\6\[J"TM4_7X__Z/<_]@2NUAK?D?Q)T7X M?&5J-@-\;YGX[[M'S?!0&\"')8X#SWF\6RR85LZ:PF@PG\?#J0A7YO_6@P3(G&ZA5^8H4W<,QGT^%X&%^R/MC-\:BR+> ?A^J3Y;*G M ^.B9S.RM9[M\%Y_& ^Z4UK>[OR#9=ZA?HH_6N+8,C:?<>_)8#Z(C2ZM[4-9 M[[T8"NK# 98BG:7GM4O"5,8*2TX2C"[ZDX $\'D:9JA>7\*+VI)IWZ!%%S2* MV(=T9ZNK3/>75$TK,6>]431_O7$ _AT\;JVX=F7^Z=F;M^ ".BZS/UBJF0'Z M,)%*@#UTRC>V[T3Z)3'L9DW=S'Q2K M22]F)(]#=MPX\?3$UP=+GN'Y@$H8U=)FF0I/UC@NA'3\R-Y;WJ&<[PD&AHA* M&!<\*]FXX-GCQG6Y "5!&D]FXZ. 2L%(V#E/9!%^1QNH]@.OXM/>6HS1% MRHQ-$UVMAX 5L8HRC&PTV$YF(.M M/AB?A:MU:?=&1.Q3F/2I)[:ZO;T#.82M]%%EG8H]@QA.QV4,(W@VS^=H_"_!:=;A#2[H.#@B__0I 7QLY]@_]_-^&^^-: M<=R-P7YZL5+QT.TKI;=^?/'?=^Z/^./+-7WZK_[PQR>?O0T^>/@!?4VE_TH) MCQY?XB%-[FZH62_LX+905[;R,L=[/RI(C0O5X'?P!=Y-RQ<;:NS=O65X= N> MO5%^810A.!WERM2ZRO?NDBG_K:[6/_Y7?S3]T3\BW F^F?T8^_%W%O_>LF,_ M??;LZ*-3R*/.X8S 4TKPK. MMBU#X2L\L*L"K[NB)VXJJDD<"__5$158F*[R.U-4FRDXG7<"X-?K1(]^VQ:V M:%MHSFUK+5X/FG8\;:D 3:<&7H'_KQ3?5?-=#O*+;=6J@/DUVW+NUO"6Q:> M>CZMS!-)<"?,]QZ4-C705('!(OP(/76GQCF_B(ERJ"HJ28CE T M8,N%A_01H,%L*B9[P.GSAZ#[P+M',UJI7/L5J!^<>U\S&X<-TP;T166@VD!C MRU1NV5(U%HJU4.Y@)+:)"E$U8'!W,+O"VP%2FY9Y 4/%'9 +<"7TX'N5+CT, M6$A!DJ)/0=_;5"^*87?WS/28L@ 5H]S113C;+X:(-#\9#IP$\&$"Q?,OP^_I M"168;\$?F7ZQ8,AO4:$U:GBE;A3@2TM,I0%.DTGLB)/%'42N>&L8.Z-\IW I M RC!I5A D! 4?/ ,A'03^-."WQ0K $3?I3<("L-O43*N%^?%E4&O/^HD ML*^#$^7*=-SM3_Z!U,;?K=C%,P[MPH(?WH.N%PJ^$U>E^'5<3:O0ZBW,K.+@ M]1#(%-@5, H'C4.-* ^@R-(?4QZ6'&91YSI,#VE:&(7K@4%4E=O 'B(_(\H M/;6G6R9#3B"=N$*=YK.L2L)FPV,K.BF?I( JX@"@ .@"T:KO"1-&'2^FX;=D MZ'#B";Z#:UM+R]"A59+)J#64,$:^";(EO*":RN4=!.>B20".IPX1EG^%P):I M%-\F3).@" X1J>&M5G29"<#YK+D6;M+JSSLXM>.NZ@/S H,"G8Z\CFK^UN$ZQ^?]R>_"O^V 8J0\/'MM.^U1[O81UVO!+<]8V'KQ08 MN1(-2[E!987GXHYPD6O2Q;MCPB*2I@MR)^Y3;NBXKDSE?SU0P:"))D(?O+^\ M>:UP?TPWO](O%_UA)Z;NWG,3_%#T=F+[WH/?Q[T?09*8#@X6GA1BSBN0:=6! M6):4*2BEQ*^H$E/;B\<70IG:C)2'$SEG(+?@(G/4K63&V>.:X<(Q>.+4A2&Z M0!NA@6> SI:[66.G"_"Z@DYYK%/XPU].1D]89[[OA[$$_ @V#[2C2W2R@WM_ M%!V[ITT3.)@EV![+YIHJX-B^.M&B^%I<0^[[G+BH)8Q7\T_'6%)W@WWB4 M2E,=WX,$1T\G[7SG<1W# -]L/8()TX5V!;.GP9"!U &MQ,P@F407G@,Z/3EZ M!_,$X7/@$<,3;F"KB=*;8"8F/X)A ,Y8K?T!K"R=^5'3BKE+2Q>T]N<$:;-G M1M!!#SNP6>@LHQL'9G@5V,%H:B*7D,A-_B70D3SN\)BL> TF*'H/:<>=B&CP M.7*6$>R";HWRO=Q;!B(CO$+,B"IO8?9I2W5_C-9Z,(@S"#J?-E]A1,)QZ&@= MD<,00,0=XE>B$?2-[E%($]?WZ\$W <&$$$[#T!$#,\U%5HIY//$I0!9"!USW M8P_3L0PN>"-M6E.M6!DV:"<3'E2B?!OR86T&*\7>C%XIB$@1F\%C.J@!:CGN MG:*/;:"V(^^+?-TH^@.&O[QYH\P&/>1,D$(<);+= H=^3T,GUC,#[;#UXRI& MET"UQ;XC:>L&?4#TMD#G)]9 !Z4== N'@ #=QH4-+M>#97\CX4K#(_1>H+2+=CCJ*.@2%- :=VEW4#Z%JQ8D M=]05MB.$]\'R0,_?!LI?2*J#\0ZTHN(:"J9,UBJG'_ *3&>!6" R%EMJ-B*G M!$\!4DRWX",J9:RA6?>!,0RR[6_0$#K"' 1+/4C_]_LF#$V S188 HMA1.HY MM0+Y0(A(?'5*TN&2M($9$2>P>#'N7W)F8W9DHU *%<.-6X9\:5@/ MKTXSM+6JH^F[,-C"?:6,9H ;&;EJ!'E3] M]9@=$M2[ O/[$I2_SM#+%?G'+:E/Z'>>HJ1,@UQ!.XLR$Y%L.ROI$I\ 6$\D/; M9\*C 5&\E;=6$IX<>!?(M1,G8URVFT]#L M@56D_,2P1_%7CZ8RC,J&?^N';R_I(,8N^_V MHF?U$&?TT=6#!OSF1]W))+X(?O#16<8G)]D;G4US :C@T9Q@6ZPGQ3K<]^1+ MUTY*H[W;QH[040D:T/*!M-]:KFNMPN8/>C0Q)T$HP4DOKA7VC2,CAE#^MP0T M'5), $_S MD1]97X<1XJ7P3S_&(L2KT*NE^]@2_@S2Y'L_X46";S8\WL74-NA@K MGNX0 ?X^_ANT_"<#V//AOT3VZ##O#6O@O:0/6\=L%G*.;U7MVYV-.R4O@!4L M&^;[S9OW[]^\.^/XP MH#Z03WG>%:JOXK G66DK&>[MM,73B23:9RKE6#)8EQ9WR_/;69J6Y5O<+3I9_.LXZ25Q5;?!T165GHLV.E:0C:@N(2HIZ<@/9E^@HGN7(J@^^ M.QW$8X*:4;\SF8^*8G]/_QR#/;.9J(,G*T+R;)FRYH 5RUUR[LU6 JW5A_['ZLJ*H)_\CB@ MHG'5:/=D!-G*0#UIL%8$I 79BD!-F>"RO,E6#%HQ:,6@JJ')$'#5MI4L<9BL MNH1&TY9&C!/L9SWMVFCCMG9)O4+>9'#2\V'+AL\!7,N&SV6FI0;7LF&M9SR. MQ2;3\D8]VY+:Q8]B& LL-,H?[5>#_JBECW%G-!\6'5:&Y5,94TF- -D*0"WK M'BW_2PJRY?]&97M;&6AEH)6!*D;6] 6/LK:1R1,N2183'5QHDT3HC\%X\OCF M&/#/>-_R<^#+EBU;MCP?MJQG[T?+FBUK-I,U*W;%7])MS(FO3GB=]GN_?D7* MK=E!K03_\G>G$Y:\\N_;IBJ=EJF(LHY8NX/*,(K:(G@7N:C$R/'51:+P2:*, MAZ$ZT)1?!484N+*TX-)MR^S@%>OX,U;[<*V.7^C*6?OUDOQ:1LS4_;HD>$.X MIMKV!M_W;_+.4%I+4YUE)UE:R[\1PWCC]6[<+'>&*SH\ZE<+L;&./ P0R.DL+=N]H!I4INIB*2U1 MF,.)%Z.BV_BI?-4C=UPL\(5/8>U2OS2!*'.MV#Y O(<_@HQWJ&/U%*IN(JZ& MIP=3"S4=+*JT78'IVJ^ BM4JW4M3?_>7Q]<(.'KYA 69QJ^4 "!-28B.QBUU M/:8$;A;@1O%"N;,YB9A?P"6X,+^]:CYA/4*K.HU?GUS6H]/NH()6Y<5:7](I M[0[*RAW%K8&?[J[3O,"GP^Z\_.O! W.68RR-(GRCP$K+)7$7YRR)WRJ]!E_P M7 W/A\.39#_]GH>L(#-G&\O$ MEHQ8=T?P4%[:?U:PW F3+FB>:];K\8OKQQEJX#ZK-3F@DY?''ZT)2 MG,LGPTY_6IS)FT.B%LGS91M9O-SWGFUR6C3"=8(%?\3/ISCJ5!T/UKR#]CR& M45P.IYWY;%IT4)7NHCTKUU5V!CJ38;1R()DS_ZR\(7F0%)>#<6_8F4S&SX!& M+9)GS#>R./27FN:M/$/%HLHZ[L73N.IRRVQ=F><^C.*B^/UH..S,1G*>DGLK"6@5C<^?7MJ1S%9\?56V;CXN*,<):]@58'QB&3M MO#,;#(Z4ICKHVV1GO67+O&PYFW5FLW-B2[F/%[V-Q2?!H1EEX1]4V_SSGC8 M%YW1QZV^(KI$AV+RG'/9/B-S9;JJ><=AXBX=A[F.%$=C)J^4")($()MV.J'3ZT\ZX_E$8I(V8MX; ;)ESN>QW^Y:=8\J?B&/3#0'R1&; MI@:=WJ@Q>Z9:)"W;G,E6.W5E02-_MUOMVF$&#%[#MFT]XY@[GBPO;/FFOA MYH7^G&XL'W?BM\W@A.[YW\'DBFK@IWEOC-?,,!%XUE(4*&(#O MPJO;.PK#5L6T0>+[M%M$T>M -- K=<(W!JS#L%7'^PJ-;,O >>&5A M6 ]X ;S/VB Q= \\\80>75T?P@:I$9?/'UY!XR@M.ZMH.U 5Z(P;U(..E_!; MXF;O->'V[_?&&>G@M?+B4GX8!+RL> Y;> 8TNXAH3"T^<,-0;K$]O$:>FTP7 MT[&7\/@JQU+)? $ZEDB+U !"/4>GE;6>,,\W8G/H5U2*PYW M8'0:W6N_QKVQ#E[9#U*U@I'?;I1WORA77>5W[BZISUO5A/]+CMNV_@1)H1VP M-DP^8354C87S(Q0>M+>BJ^NI< #P@6=#B+"Y94!S@115'+Z-PIGD7**/:-1= MXC01U3ARG7T/C((?A_BQH)W/(<8Y.8 MNL,3[3.. X;83.&!2U("HR18V3!_6 ML_ ?B)0T25LELYJF),7RGX7T>Y%H5/:'Q2 M;_L/\=^L5UQYP!4[RI0XZ$2R0+?CA^T =37^\>7T9_#'[\0<14 <:CGN#3]"H)J!^*(/R;[0ZT.!@2X$AU6^-\=]&[&5#A6J4D6W@%G(?@Q M1&;=^YT,1A#JA8_,STL!O?#1,'2A,A#E(Z,>; :0=GR(B_&T?ZU?)]!_3K(V5' M3_N:*FBR$\- %8"O]>=CB/% M'7K3$T$IR>* 2*B 3=^!%K+04ER9?WK@/8"B4AW4_!^ +'M%A!AA?%! 5.6[ M(3HZAWN(B^Z[J[N'"N;+96N2[,G.I$<3'Y44'$ M ):)Q0.\PR?4NKF'^EU_W*.A[E,&<>G 4:8I@BL3^,\D%6<,\EW M0Z<7^&\(K/!.\H9%9?]CD>VA:A?0A-]]OP=<6*.XX%,V2B ML?"]@CMT.AZ8<1]&Q)G>_CY&MOX/"?F,41!H8/K>5J V53*+W/1PS.#IP*P! M[G#PZ%8 KBBP,A-Q%I#!(;=X[1_;V]X"?XI\RV M/ 8 BO]QEN#G+RT#53?Z,N CTV,/ !;4#@Z!*JGY;\.X\NC2.!=_-YR-"8Y? MH2PDA*_LD=BI?LH>IV/;-[G!(F]B) X>;70WZ"%(X:W,7BEQ=)$,*0(HS?WO MJHT\U( 3C,A]ERNA;Q#Y%YA%\GW?8+Z3HG&2IBM05_;:LM4TCU6G-[:S-8KJ M 0_:Q# 4X#N.I_J5XF8]4DVDGHAMB?E0AC0#>9S^#$K]!;IF.DM[Z8VH"TB3 M N;PGF(4T%5VE/WYKM?M]!=Y M\];@CDC>:/ B1D0VZ$BN.2(#;"UD=6L^<- />K2CA[Y\I?RZIF37!L++\/<. MZGW',GRUC]JIBO8>1/W,/C8'' TEGH7(1_"AWNST>H^B-61-+& M. 5FP\_\@+ES#3%G@=.+DQU/].T8(O2$*7LOQ Q^W=]3Y&(S=,V#M0!?_9"L M=93OQMW!."ZXNT8JO;AE1UD;GJ.(/+$P4F!%%<\DQTSGF$ TP1^Z98 YS=;: M@;L3D62%U4)]IR!&4'Q7^'2DN_!5GVU#';9MK]']!P/QS0%6,3F&#];A>1%" M&'2:.DF:D'&_&F@D5?MG *RVE52?6*83\6%^%\+-"!BZ#MYJ%6I_58FQ,X+C MCL@5FYB5L\G1%A[3'9(0OF"K-;V\8%14M/JT7$$Q%:K2V9+2K\DIWT]3].!2 M9X*(G6ZU.H'S;*WCUE7TUT&?2H5_L0MZ^P+X]2+\"V-L+O1CR!2QE*D&,%1T M3G40;WY4;KCY#6WQ>P\&>RF*Y<8CP6T_FAD^$9#Y MV$IQ+)'E0RKY%(;_F91)!D^=/(PTJ>DHW_,?2+/18@U2200F;\&4 M45W0KLU2=%=L"J.IHUG^G@.8VPV945&RF 6MI[[4V7&1\NCH.&UNF4A] M(C%Q$6#<^T?@LT69T05C3A2!WFYVESTHH[NV'.Z*N ' @KH$]PH=3<>?8TS[ M$%"/J@XCQ:UUN+00\$1728U93&LW54MYDEO&S B<%Z2X:'G.NN!C=O68\%T"(4!5B[%IAUV$B+SN17USV(A?YCR#OI# MZ@6V6) ]:@?(K24CA SF,'@]D$8Q(-%%4B7Z);7)HTP/'&C1U[=TOOY_$@45 M"P]?C-FXI^%_LN*#CV!RRI=#D^AK_"$N$ZJ!I( M#A#P'BDD;UR$)=_U.[WYL#,:C4B6?180J,/>9+5%OUGHQ!SP!0[3E%9>8UZ: MB)1$N@C<*9?<.>]VA1F:,./DQ!(,I ;5Z#WX?^>"+RY\)T.\E& 6<@E$=$;= M)%J[M\0BGH-J%S[A;4'HM4JKQG93*:_2&&Y?%)!40'K"HCWX3=-F@6"G1K_? MZ\S&$VJ//L]&OLY([J(YL/(>8VAR>_*\N7F"=V@.X;2-YMJ%OL*=%--H61&4VX@F0^2$IP.5>0 M?/+(FH%=2%C!;$,O.$^C_ ,I89X*,]4YWVLS'W?'Y=]K\SO95_ ;+W&'ZQU3 MWCTR6^,.K@Q V'RND]8HL#6JK5GY:FN'P[Z$F_6_,GOU_1^XW/]#'7,WK'ON MGK%?(8\?D1=)";7JJ=9!IM>V^R5?FRNC-G+9&A/-7L5T$P>).7( MWI-&K#8"/6EQCCH%>(*K24)+K@3P<_"%:9V\:/U-=JK%N3I06ZEVO+H;S_'>P+0-5KE8Z:_$9<,9N/14UPR MN)U9S576J#O)?'7/%O'^><2JD-2X +P,\):JZ-4X%)R>?REDQF;\B>].M^H&@:M MST4JGT-ERM TAT.K\XHJX-#ZG*,JV%,"'^GT&WUV#MRUB946I+0IJG:KCRPF MM]WJTV[U.3N0YYR0ZK5;?=JM/BV2LI&T6WT:E@QHM_HT;<9D0M)N]6F&Q6^W M^LCJP+8@)[J:?=U%/K[3WQ>[7;](DD'@S>\JA; MWJW!4AB['<>QVX+&DR/U3D7C>N;IKGJ9J/3-1?7+P D=P\HT5"-R5.4=WUB.Z]Q@59776"/^VB\L?<*ROG._K.\% 5+BF(DXTA?Q312OQC*:.)A; M&@PW'=?V1/6_L.J90B5Z1<6@*Q.O\<8*G]=&LO@Y_AVO/8O%B$3!V7YGM%,] M-T,]G'@A-H?9]UA #>%3QRI6R1$5C[8+!O,0HE_MBBIM!>7:S LLQ,<7/*PK M%?PNJB"!'#[RE; MZC=4WO?#?J=V:B?+%O4#2J*!?2#P=PQD]E >U%5$+H31#,5 M%E0&6&-E "SVAK6H;JU[*IV(5?#XBJJUKD$-BG*"88WDS+61MJNNFU8(3O=L MJIF4G7ZRE;'ZJ)KJ':/JC^=V&]=D %!:<5Y4U&"RNH<'Z MQMQ0!%-F4(A[ETIPVMBFL4ERK8#N#]/GAULL0TJJ"&MF8IET$$-@:"TFI9YI M"^N Q;9=+* F2CX3CU%C"Y7;N3@LJ$>?H&U7^P.=V$P%^^[K#"?2 M&3"],$4(E^"KZ[5M/>(>F'Q990&*J[L+18@ R1=T5P0 MA6$F.D_WAK,;:3'/"2 "^5= &<41HN!2V=<;IH$^M:5JWA$/KH ( M*)(WEZ_!G$RSUC(LJF]"HU]>7;FD*?%U<=;"#:4=-9M\J*=Z(&?%OP+O=R38-9:C;(L(C3N'IW6Z9.;@;;,F#GQF"]_/+3 MG'IWIYF[1H&MC=&&W5[YC/;531"N/)I#.9G.*&IX;L;VW CG29;\;;7AG* MPYL#$+Z3,&9M_N(Q(&OSE,X2\(J! MRJ]P/..<8>.1'.-V3T:T@[JZ[,49YRL+(I'G L=C?.)^=US\&G-Y'%]YG(?& M(#G"#9AW9\4#J<802!XD4JF:$_J.37 0G^F-GPU(:[8@94@0MU=^2N3BGG^F MH[!C?&(^;5/&SPCD\5[5J=BT <1M!,BFJ-,V<5PT+JC6^7\3W"G0E-A*1B15 M7+C8'*S'./7?]P?C//GGL[RCMCGWOC;ICMIC?/AA][0L>?[I[_+GNTE8CW"( MIB=F35E2V_(@:9/LSS[)_@3Z!H8J+4BI09:02#]54J5-I#^OS,^QB?13\6F; M2']&()N:H6P$<1L!LBGJM)%L*H7O7].IR[=,8W2#U/#87R:>?-X)5SY;!/LQY&M M06"/2K'/,I^FK(0[92/Q.O,C;>) M[_J2.,6O!Y0D9=WFH\\)24V9Y.822!XD;9KXV:>)J[\K3QX7O04I-;QN>5QK>12^W$ZR/)ZP/'Y$8Y" M7[UA( O>>W\"HJP19XM$LOQZI>FE-K\N=:+KE*<8Y?&IY?$5 M&H-$ZB2I/&22!XE4:D=>UI'"*SQ9?CTZ[>>93!GVCCSK)X]SWC"012YG:L?B3E77K]YR1S,LQ[/9Y\6;6%]?!)PW ,VY03RO$O#_[N6^#RY&/9>_%R0H8(/'G[X9+E,Z?=>*3&,--$)E$0C+V3#VU(8 MLE3N#@?T>;'@&LSU%3#VRN3P!\U<-()7RJ_PDV &G%O5W/@"/IK\"(QKWZG M,O22:H#:T3PB2F?O"Z)#>("MUH:U80P^(@5U#OSG6C;0$QB?!WB &=4[E9O MW?":"Y\4@ZNWW. N4!J>Y0[*J>6Y*!_8Z9K9(( KW!CI?\5M1??P\:[R-1W5 M2GWD*V^EL,C !-@H0?/%@>88.D.\MXYXI"\_% M%C1#Y2M?PE;J!@5LI>HL'$V,/N*AI0HOFY8+@@9CT33/MIG>5?['>F @C1U% MR#)(,(!D-F>T\3/>"GZO$3]NP*8XWW#T("P.J@,2[Q5P;X($BFHX%G2,[P!^ M&#E1;6T97-N0&N/07FQF8)Z""<16Z16&(%;AN-)F9P%BZ4]$?'9@+OTO+8<+ MU?G W65\4-UM5C_$[Q7*R0<&U(]+?5Q"XA0U\$&'Z&;!6%67QJ]J2)(-$7"M M;L3O-K2#-"#;8FR0FJYJ&-2\F"9JC(P /,L>&#*9,!1@<"8T02I2E%LZL?H# M0P;T;17V%32-7<%M@UA M5_F"(T?LZL*%GF._]J<$ZW:CK$#D0/NH=V"GL*6]> &!GMNS#& M_5%G 8=O_0_;YOS- N9SZ1M&T3?CEZKMKOY"B+JJ!I)BQS6L/]*\0$JB)#D M'J@3!]H@@WCC@K957G>5WU7;9-HW]BH"KWRTH^^1F??8N#=+SA;*NT>F><@4 M2F!DR5%8JAS57V"M7ENJK0O%^F""*13*%F02E:\9_-4!$9T/!YW>;!;XDO#[ M8-Z=_R-H"%D,!/#&12X 8/!F?U#?A@W%60Y'&+_YZ;P&H<; X:;=N+15-KH RH=S#D&\7Q;O\$ M^4WZ>A9.5(QFV(TFNB&O34,0X$BM01(TOJ:&\!'569*>4 /^ Q9E_!Y9,.G4 MK< 10T=9>!GTWJTX*.3@*N.2WRTO1(<=Y2^PF^B8+!(#XJY'T$2[P3*;@JCF;+DR27"!>*T=O' M^=;"AY'8X3R!?G>#F,34#$\G/SSB#NCF'00D-)%8".X79EHKKL'<79E:EUI& M4C\L+6*P!Q-:!WX%_N?P>%>Y- R89="5@BG@@Q9P<$QW43LA=U$(<\L8Q"C( M R9"WC>%>Z=C>^I^==CGQ3N@*:)Q*IZL1_\"?!15!+VHLE8J&%@63@+I(9WZV)!$C4NP?"+!/#N$>NWO?$;T@B0+W)R\-\:E]2&UP*RB@P8?\: '" MX,@U$2\1L2F0 FG1* (!PGD&*C#*".@<*&*'4@33X ?"EA,C9JJ ))E^1YN! M3LJ#Y2W=W M8]HH"SFWY^"C:G]CE+*^ 3_?)L84KS1"15U%,[!G N,13HJM\8I@6!TK\[:L&3*'[?U+&2B@7RW%$ F-[>+YM)<5I M0EL,H@W@1O!NW@/? ;>M+4< U!G21_#JWBXZOK)R*%T9&P^H*QU#RI 6F%+ M?*S"<=-8F)E-U1;[>7&;:Z]MS$JYFVNPV"[P//+[&D=;K_(HAX>#P1!]PY'$ MV3GQ! N>H(DE6T#\B+/1H$!PU%&&<>PX(_XV4D.J*M\1)^?F916Q9_0P>!^+MVW8&BQ MD9TIKXPK@W^2>@VR:^C',1=9.(IE8 *8;R>W :[W4U93U]P5_-]5?B>E?& : MD.\)B MNA][Q[:N8 )(3/^9)G15J A/;]S@/?I8Y\H'I53!%*(5D)C ;SN/! M?:HX9162;>&Z6B'1\<'/-L0DH!E4X_/B@V7>?0"RZ9?DS)S 2B.""X*@" S; M&M_ !PQZP/>XELSPU24RCL_=X:H!$?V>4T::5@G"@9,1QO4*!;G<)>,,]AB\ M.>&VD7!.V"-&^5Q8-M<"B8GK Q-]8J0!B@&&\ O#>A#R3,X.#,'<1S*2 M 1S"-H: _U=,%9&Z4!4:[B,@3$1(%'KWX)R$'?@Y )%IB-!'MAT,L.4_&F<2 M/\%&W>JY5]I3A;:(\&T+\"^6I>-J.,C\E0E,<\>!PTXAMF7Y>,$84N0^]J// M[D$:0=4H!$3.<,!*:4N47%#A=S8RGEC"]&>7:;PH9&Q@,HJKX_@-@([&J&3>1"PKZ@!]H1P)\'[)/BO7%T.S0<+B_ M]JDS"!,A)O8U -^BCH+!M2&B3M TAK6.A'H%L;9+&_C%@ABFR)(V<\&24A/L MN("_8/905] >B= ZHRB29=[!L671_6C>7\X+7N\@$$-HMV2C,8,>6?+8#,1, MMS">.S,2"\CV#:^;PEO/T)[L3MT9V!/0YB7J<>4+Q4GA\&DWA6\M''3T&)V8 M4;RUKVD<3P/".\AVOMR%;^Y9[_5%GK),,<%E"Z"JFYY[R6X%=A=J*7'T1;B7 M]:>:RS$;_BB4V##BBZ @'Q^!D6$"1\);?W]Y\QKFR_%@HE%GW7EVV?'5I>6YJ*]Q?8YR"0PDWL%ETY1W@*MT9M!L.AZ(!B@33%6BU)&2 M,]W4MP)$8DEB"Z.?[Q2]^RLT88 0-J>*S+-M&O7!426_2"=;IR(8N/+'6+@;N[\7DJUL/.)3(1?Z&NL*L 1#*YD$N MV%\\(W*:EGD!SRTX6!S> MO\T.^!B4Z+)#FI_,7[BM+#Z'?G#N.;AL0#8,URV) [O*C8<=^_ERD22[M[BV M'4^0<0BEYPXI?8&$PI\BE/A^9.32U\V?T*H[<;@)K,N^JH\GB+5%WPITGESV M>HG*0\LP@AW>WL]!%-+X4*0S>X\0[5Q/0F3F0YS?%?R&S/X$M21 M8!T]9:SQ3<;WY+((_A>;)>%!VDK!B7J"4Y/A:&PYZA8Z8_Z%6)G#'5 /]([%*DR!;@<6<99K2R/-K!X=A,R)<- M,/P_.B+B(#ZA*5T"AS%\Y!9\W8484#SO7'1]"U.::7-!L9:.[,O$=@(;E=>> MK>CIB74D%GAA1BH9(W$&?D35[_N:ES=O M<'H5.H&1]!C(_@5[E4GXQ*QV FE]?X1 K+AD"/\;3(Z_ MG6"KN^1&#YQ\TT*VLKU@RVDJ/=*=[WVZ>UO'1^<)XB<./M-Z-#GNN$4$'"#, MX=:S+N=O'P2L%X1+B0/;MT@:IJJ13([8N[<6XO2@VCH%N4)"2;)HA11X3YGV M9X+L48@G#"RMBL=L8W4T1;X?VUS?B&+S_H$5NZ<.5? M#50O>"PZ[G':]MR%ST[Q2Q YA%[^PC(H)B=QQ\4E)]@>AC,N/$^:]\M(97=V M5(%@ -]U2#("F=.]HZ"(6RQAANNTN-P)QM;&M[_G/T2[+L)DEQK?P(W=QC?X M^WF>B#AHY 1IQ#(,Q"3".'[/4UO?]W9\MA(G"J)\7)C(T52Q&R?K_'6R4BZY MDA3)45P _'8IGQ+N3D_3>P7TV6[V0<0$\/C;*")X)^2\/A7X)1Z:Q(#$5>"7 M?>&+2%GN6[6D.:5C$N3E/H@SDB_GTR=.I@ MHQ@,TT8M(?ZAO/J2@=EBKL;-(>4'H!%P$9D?!?FRC(T$)QQ4\3?W5YD2:=98 MBI@&LS]]Y1]A"'DN=@@DR#X'< Y%B]&@,D1A3W+7-D.^\_=*7#.;V/L$X1AN M__B JUZ (=PBCUCBW AB!ZH5/=/O<87LA\ Y7U,L3^_0IGM4Y>B4BR-6.C?$ M]GY&^]Z<=!T3-WZ_B]TRGDM;7K)U&:UN/#!<=LQ%;SB) MS?^QI&RP52T5#PV&Z14A$B&+^(9\G,A[>!+N^]U3.L(#?NITP-X.16B%_4RF M\\Y\, P)1WL/Z1@T!J,@IWZ<0FTDS_>&%] G7H[UB" ?Z.B@[]WU^[W.;#S9 M]_P#BQ@,MV)H*B;=_#4PL;/R@0[JN?PB8+V"U,'PK5KJC">3_+29C4JE39H2 M>T(C;2NP]^ $_(8^P.N-7VKC9LF8^XMM>6MHIA%I??1QA6=)DJ7Z<^?XNWQ2 M'> HH^!G#,0Y<9P%WS?VTU.T.!8Y2I@7L7$'&DDQ'?U+.QVS+Z5PB\D17??[47/QNY,2+D&(KS^(W%MQN%'9QF?G&1O M=#;-!:""1W.";;&>%.MPWY/G>K/WZ.E[;1(*8+9VMT[?)='M.T9;$MA9_5@U M"Q6L^=.+0:A=]Q5YILMH]E9#?F)P\]'3=]EL#R]I3#0*.9-#_HI[+FJ9F4:Q MT0G ULA'&>Z^S,M'_Q(G(*[%T0?P@R[I;@%%[/(7#O,5;:,#9,J5RU9.PI]! MFGS_@1RI_@_G.L6- MML?KR!7VC'INDJG\$GMY7/MY@X(B?YREQ[[E[^&[3\ M)P/8\^&_7TTK*^\-:^"]I ];QVPVZX)S/VN">8*=>+_PG!QS0V9ME_(? _(I MS[M"]57]K9VRX=Y.6^2JCR#96#)8EQ9WR_/;69J6Y5O<+3I9_ M.LXZ25Q5;?"T?45+)>D(6:J498UZRJI=T"^>Y:BK/L$1$(\):D;]SF1^;%7Y M([!G-A-U\&2]!37.GRE;GFQY\DQXLK2"ZRU?MGQY9GR9U5]O8%77LC8+M:L8 MI:J#MA:9E'% 9?7X:K-[,H)L9:">-%@K M*";$6@IDQP6=YD*P:M&+1B4%UQ MUM,'7+5M)4L<)JLNH=&TI1'C!/M93[LVVKBM75*OD#<9G/1\V++AM_P<^+)ERY8MSXBT.ZB@57FQUA=!IUVH5[G5VQKXZ2YNS M\.NS.R[_K.-B" MF6,LC2)\H\!*RR7Q.Q_/DOBMTFOP;;75\'RX)_W<>+UI8)O.1OX-N>2>3CHC.:GN'WZK&:]$2!; MUCS1K-?E%]./-];"?0A*>I[&2,KCC]>%I#B73X:=_K0XDS>'1"V2Y\LVLGBY M[SW;Y*Z'A3M-75GP1_Q\BG,;U?%@S=L!SV,8Q>5PVIG/ID4'5>F6P+-R765G MH#,91BL'DCGSS\H;D@=)<3D8]X:=R63\#&C4(GG&?".+0W^I:=[*,U2L$*NS MM\X-'_I.,QU MOF)/=1V;..K00H1<40FZHMJL/281/=L>DZ@/:[MC^#EM@&^/24@$5EHN:8]) MM$KO^>UO;X])2 &VZ6S4'I.H>+T)PD4;HB2;.4RUM:7"365M6W?PMZ-<*'@] M\(*B1,7 ,+'P%,B8OCX!R*9M6>_T^I/.>#Z1F*2-F/=&@&R9\WELPKI6W:.N M=Y=')IJ#Y(B=-(-.;]28C30MDI9MSF3_E;JRH)&_V_U7[3".VWTR''6&X\R5 M#)NX^:05@/,?QC$", 1;E/EP7Q,%H%;_?6?%N]UX]4QVN$#("\9D,.\?*4LR M;7)I.?-<.'/<&<^?V_:K INI]N_'NG'AYZ5E &$)?_S1S:4.6XJNLYP?:J-]9JK9H;G[2CR8^. MHM[=V>P.0BGEP1^!8GDNO&;J[3:L;7&(+EN.W[9<_Z.S6:*0QZ%'1]U1=@ Y M=FSEPEH!@ER/9@8PFV=N-9" *N*'5A&\N@BR'7V"JH_RO:GJJO5'Z M'27<=ESO@F>-]JH%>7J06ZFV//J[W^]U9K/1"4#7:)6/F?Y&[,HMN79AR:Q9 MU#.$<67>Z_+F MMTAR(SG"FU7+^N83JD!0X,7=&6&MUE JHCB\EMM_JT M6WW.#N0Y)Z1Z[5:?=JM/BZ1L).U6GX8E ]JM/DV;,9F0M%M]FF'QVZT^LCJP M+4@)\BCM5A^)C$Z[U4=./FT$"S0$Y#EG5MJM/NU6'\F1M%M]"LKV]X-94=SU M[?$I?A_]&6V<>"Y;>_(L,[6;>N28[W933[NII];;>_Q2W$I8>;9-GYS>@SEX MFWL[CF.W!8TSESXLK@D2\YZ*@<*LRQ5F[U6':9CG1-F.E04DIK_O,:/SJ7F M\GOH(%GJY>@*+2'EMDBR]]ER"[D95^%CIH> MG8Z[@ZQU1W)5:B5'E9;II-O/.K!1GD=SD"#SHP!V=%( ^0B;%>MSK"E3 M\!I]&:Y;;G!QANFL6V5)&=_:YAAXP5EJ6$69:N46!K8[1AMU<^HWVU7-50KDS7YJ;#->4WU?!JJ8C5 M%BJJCY3R.*=YD910+"634]G6*9*SRE0F]^UTD_>D%U8;DB*LBC%<:3262\ Q?Y7I]F#5E26W+@Z1-LC_[)/L3Z!L8JK0@I0990B+]5$F5-I'^ MO#(_QR;23\6G;2+]&8%L:H:R$<1M!,BFJ--&LJD4OG]-IR[?,HW1#5+#8\]= MRN.HRI:M/GB!Z#F!/<;/[W=ZLWZ>,Y5%;FN5Q]V7+;8#^.; T">U2*?9;Y-&4EW"E+9EL>)&V.O9VZ\37S7E\0I?CV@)"GK-A]]3DAJRB0WET#R(&G3Q,\^35S]77GR MN.@M2*E!MK>=5,L"#4@F-"7CT=YV4B'(!F3F&@&RO>WDN8-LBCIM$\A%HP+9 MKSJ4QR]MD=2:,2[!@LCC=6,X]\_-5Y\OCJ#0-9X$:F9S^,>IW? E=/M?GJ)K"15%< -B7G7;,T/.NL M>*UL=";#J#5 J5D8&I#6;@3(-O?>(%>Y]MS[$Q!EC3A;))+EURM-+[7Y=:D3 M7:<\Q2B/3RV/K] 8)%(G2>4ADSQ(I%([\K*.%%[AR?+KT6D_SV3*L'?D63]Y MG/.&@2QR.5,[#NEO[FO3[8W@(RFN CQ-GKWJ6P+;%'LC).!5!(G425AXRR8-$ M*K4C+^M(X16>+'_O'[94P==65+?-XC^G[/>YC.,8CWC&W.?SZ4ICC[G@FJR2T.?S6%E0N /U1KP/(Y)2!JD.UER[& M0?C5/U]ZSL6=JJY?W6A+IGL&^[RX6:HV>ZTZ3']CK=;,=%276^:-:VG?/J_Q MHW.IN?R>NYNOV,Q7H.]K W[\^3__0X%__AFT^-F^4TW^-[W]!M["XS3TQZ6I M7]O,@0"-_OR\>,]-U=2X:MS -VP%/SAON:,9EN/9#)Z^ 2+Q!1#,="\U#2CJ M0LQW#>UIG#EA_XIFF3C97]CBIQ?O;6N%L=U%KP__[UKB\^1BV'OQ^=-S M7+[8A+.P1=[]DP(_W@8?//SPR7*9,GBEW'BK%5X4;RV4V(B4:$A*,";JSPM[ MOBV$P59>YGCO\. )R[7-89;6JN'@$!)3&@%^I7Q=PMSB9$ (#DRDJ*:.?_D/ MPQ>+8+H!1C#?"C1M>#I3W"4$Z((BU,V[>\OPL NDW"_,M%9<*;>,F0HS^ J@ N1N*40L?T9^!4(CC> G'*:S-0W*VF9KU:89 MPN?RSPD^M+#L%0@[*"=W&4P-,NM:L(,!-+MC)K-5G /XG:VQ07@7I_)7D^-? M)-@TGY;TD.MXI,#!X(][WM']((DPA?P MCXT]HJZ%/W3/1O)&+Q&Q@6J6#ARMN1YT (3S#&@$)L/ M80%%[)#381H6H/Z@!1C$ (H*Z[$;-I,Z:L@ F6 M#CX%C(RJ! 0_:@TX\A;F'!!VE8/65@9"7D4$V4-/?PBCR8^.XBR!M2Z 8U8) M2H+M5U!)VG@S'9()Y10(YC -*1=($CVFVC9'CB8IX;:R4.%?]ZKA@0(E\EE" M"?SE6 QO Y*\M1P#4&=)'L,[>+CJ^7G!< M?"4V'M ,T(<3T<)9,PVMOL(Q.TWV']6:K()Y;5N@=F#N<:SO@ W62,,X:R6> M8,$31&12@<0;2)D.$1J5LZ9Y*\^@WW0&]@GT)=$ )CKZ"ZFVMJU[CK,$]D>Y MW0AF ;.-+OR%P8%/5@PT'! 6O&DAS!P*)]<"FQ-PS>A6T-$H$:5"0!YPZ M>-\"__;O%,?I1*[K!\N\N_C <1B79.JW%:2!#QCT@.\++)GA:Q><6Y\! [LD MZ'+/V8//H'R%#$%D1Q/"D">1$5TR+6!-P,\0#A6W@=8@'>1L M :6Z07TC_ 22&5-@ I[:**;EHDE"$D,?&(!UP1FF5ZD_T=("7%LQ/T_VY^LM M'-4N$;!'Z$V,#MD'L##4\*%/&0)!GVE#@LML=!F1.R_-.&&X$]IS85K9(X?. MN3 $K@5,'1=9$[TUI %R*EA@96%8#T+DR%3#$,Q])",VQ2%L8PA8=,54= -U M7YHUC.\)$Q$2Y=(]."=A!_"PQICN4" 2H8],(=@KRW\TSB2J$W4;\_@<_ABX M)* :X+==BTA&4%*3<04QO7G'<95U5\YB/_KL%01]JD;! ,Z$ XI;6Z*D@%:[ MLW&B<=!KU17"9,;E,.[/ "V!B9BV-"W#NMN05&))>"1\O8- #*%-DHW&;%QDW&(S$+-FPI[LS$C,?=\W MO&X*;SU#_;T[=6>@OT%[EJ@WE2_DQH?#=Y2.+?@1> AJ. MA _Y_O+F-9#,\8#6J#;N("0G]SAP+DFAB#;MJ,V.K[$LST65";07T28#H7- M/Z2] Q.K,X,(ZGC G2#/F#="QB<]8[JI;P6(NN3@;6'TDT^B=TH(6I';&C:G M$L>[MF7@C-]9ED[JP&'V/<6PE$5<8'H"7H>V@+#6"C0')JG,@)U)5&VV,)A& MCC^+#$P@3H(=1;(!4##?(*!O09J'5)1(Y^R /7A*F1+:#P+>/?"<=E:4==@ M-BQG[P4:91["QAPRX4F_1Q*SQU2^@()A3]% M*/']R,[(Q1TQ9Q:$@2E?U<=D9OTM Y$G$Z@^[LT1ET#N MF!FDP]AJ;=FXSB$2NN*'6^8^X&H$V5AX"Z?NJ3RW\&.W4\Z8Q@AS[3:[@X#? MQI0])K$LI8 U_2=QV"U,#"HS0*/$B[+#E13_!?,JZ* M9?QOH3-V'W ?)R-,NH5P;(1B0885W)D"1Z )O2KA24*O2N3EJ 8X'J3W.85H M (\[RS![DN71#@X'6B>IL0&&_T='N/+$)S2E_W\[5]?;MA$$_PI?"MB DMJ. M[E$,[BCSC0+8B[_/@CMC>AQ-_% B[81OEW6\&P=BIKBX6<.&39"(:$757D M/U.33RTY9VR4PLO W44(PT4.)SX[^LXOI(PC0X&M)!*KJCZ8[G5'?<'F%R7< MJFI!8N(4Z[7'SJ):=BV\8C-#$G%QY54F&YWE:P!I2K6G-$@H=R.U:6RHFZJUNK5 M6HX M,BAVN92#=OC4P#)K*SJ1YA:T30K"X?I/?Z>ESD+5H8LQ(B:$C0T;-EQ MQ83<]\MP[(X>A;,Z@$W_74=@2AQ\"Y:C*C]YC0U2E23,"D\?9(=!G/9,$ '\ M,J/:Q6DMRJ*[6A(D& >)2DVCM+V9+C3!'62]HP\]'>]6/&%$5GF68VJT:6'; M_1MM:[FN\A#B* X .R[)AMLJY1;MZMEU$Z/]JX#VX[/K9J@B4")N2)[B9L!R MRBJM%X+BDK5\%RTRH)'*8)Y:3SFIBBK0L!5!II:4GZU&1A@4]24;431N?:!9 MEP8'FIDX%['DED$$GZ6VL+!!B$%T"I2Z_)Q9K:)#'D;$)U]FF)11XP1GL;PF M5N(X5;>HA:6']QP-3ZA%">8Y?WLQNCAYXPW'QBAVJ**,DR"S")]C MC"P>TB/ _]]@G8>C&;%(P1R5<9CJ^/AH-#X['_K^.@T.!L%\:D!"65E&V[[ M ,MPV2OG>L^T#@J?;VN=L_/S+[?-^/2KVF9'<]O'=J+41Y/\=/]$PQ)+$"M8 M(,2D2JW#HU:@D7TNV]O%@U8]00/S+)#2)4?-C5>EN,(U.!,WH@-\<8Z \)4#-MV;*DN91B.R M\;>V-M K6]\9A=],4P/LLP1U>!"9/\494L(9(;F2LY30Y6Y%L@BK*MOZ 71F8G;6&W4_.J)$[%)6=WA/*PYZ MII4\$ZUMBQQG;Y^_"_$\$*F52K4$.K@C[ CV@9%'.BJY),_A=F88V%$UN&ZL MGCK$6'Y.DULHYIZ?/G(FYQ>UUN9/"D[Q[&P-C50L,33VXC6S/(F-8&?P 62L M2=%5Y<;D=$"K#Y;SN5)IS<*6GA;G.,/[9BPI(6"I/LU2]X4%BR64X[W%^_M6 M[ E+C8>BK+503P4H5KZKVE4SW70#E\2+0DL<#4.K#76Z91(X\&>N7 M_.[T_'1\USU3Y7[7/5/E?]'W(5= 7M MQ$E\'VTG/!I>879-6*[?)LTOW=T M9!S_O\X["YB5J7:BX7;=O5+//1'OMR_T%!O;L;5,H7N 5)[(.6[L'6=P+ M #O< $0 &9N86TM,C R,# V,S N>'-D[5UM;]LX$OY\!]Q_X!DX7!=[ MCNRDS3;99!?.6V%<4ON2M.GNEP4MT;:N,NF25&+OK[\A)OTT*$NLSSZ>2T]>&NW;L[[_=;Z-=? M_O97!'\G?V^WT95/ N\873"WW:=C]C-ZCV?D&+TCE' L&?\9?<1!J$K8E1\0 MCL[9;!X02: B:ND8O=E[C5&[74'L1T(]QC_<]A.Q4RGGQX[S]/2T1]DC?F+\ ML]AS635Q=RSD+DED73ZR()2@$N9+90&;^:[X%^I3=P\=_F/_XJ #'_L=U.W\ M9V\Q!M,NL 2V_\5=9!8AB+1H;/HQ'_5V&]\ MX2;,/WX1<_'3XM;_-!G0M^'-;P?SFP'^,OQQ-#SZ\\W'H]EOGZ?B0;X9/2C: M$XSG"4LW 6$%'*HVM*F 2717HH+"=MR^6\K(&DJH2-,DK#6;G_ M/< 41NH"/?=A&\S4Y8!K%RCGJDIT6Y,\:H9DAK!DW@ ^S!\73;3K)W# M S6I!61&J+QB?'9!QC@,P(-?0ASX8Y]X+20QGQ"IAI>88Y?4$VZ&+*:4P<@& MZKA$EKCQPK3>[ +J0>8U2HUI6@=F 9"94./>I=4^G*IY@0^ MTPVVD.^=MJP42@502"OAD;%/?:UI//-T41L9]O0CIAZ*9*&4L!,G+R8E/!3$ M&]!?]/.<$P%B--,U%,2,,M!",CN<$+A@9Y6GD&YA#J8>Z9 5)> M9\?C*(\'2$D[/Y'3>)\X5]CG.F-U0[!REYZ_(^>75UE]W^WD?:^$1"DQE!;3 MN)XX0\Y@DRJ7*BL FYNY<<;&5&FP$AI_$Z41XPY[B9R*,=IW)26YV2>.I$#<*C M5.YW7:4=B#>E0+3/E!B4EM/XGSBJ?_M2[RNBB%=M\PA=;?-M!'8<#O,XI$29 M"'@EK &#.+82/ +NOH=Y0F WE1BTD]@!*<3 L3 42].@I.4UF*@! M0ETP+9.=S979O5X(<;/6AXD)[" 5@M0UV1CT*A+7X+$F+9.&PU)O1Z,0SY:G:!HP++F: M-!!KZNP@%"+<0MZF\7\^M,T<]D*W-[%_&HPJA'9DRD->6^ZA06IS$J* T5H2 M.SJ%0'A=0J(!)06*.: UY[,71&(_B.%85VD'8O,A,'H52VH@J'PV -HFQHY[(<*O%2F5;A&;CK!%1X@W>L$H MWBYNT0G6B;!V@(.2C$3U#E#8GC;8;X']>R*OF1!#PN.SL"GF9(L.8)5C[P7/ M2IA NT@UC(;1?VU!TTBWW?2&S;F4#,Y6"CN"U;,I#23V=$H&D:U7UH/*"94& MC_49E0P6ZRKM.%3)J300E+\5DW%_687=]86D2>8=F<;MF]^6R0!@)[%#49XA ML>>OWJLGB-J;=;Q&VC'9JIF"TNS*\T38H2[D8"I G=KN)86FU0;]*JG,9+ 4 M<:Y ;$>TF)Q9F]YLQFPMU%:!E:H?S%699<1N*<".;C$%LQ;==%2FB%#<8#-6 M:[][EP&W IT5P]>%+(KU3;P&I,KOY&5@JD1I!ZJ0Z-CTAEZ#5>E[9!E<"J5V M# JIBH3__]'9ZD,M&[=DC/3=-L?J@I+3EO#5]4:MN&S*R3A^R*_DO:B3TOKI&YCKL5S+U?-7*BQH,0Z>NP=G1]I7L MO4@:29L;W\'CK"[AB;_G+^HY <,9EX@6+@"RW3P5W9EUS5PMRL*BOK4-7UL5 MM;O[[8/NWD)X*TWK*+%R0STE#-\62ECOORK30JQC4@_M%7=5!:RW::UQ@VZ_ ME-$A@12FY)G:%.^IVEX=+6L+?2I,JJ\_ M_SC']^FA1]$(Y9=S_4]W#IK16JY>5Q@\"E74^;4D>JH5 715X# N$ MS[Q[O8Y%4ZULH6A9BPB$%M279*:(P-YP)&#UT)OD=YR%\+S=80V3*5((F& M.=GJSZ=*B-V-7* M44N+VM/J"Z\>7\,!QL:=(U%7D5V#D1[/J>&K!_4PA(5*V7X1J6<^:+W[L51'C5V/ M)'TIHC>,!>J7!0?C["8I<58ETAUO\K6^8_DEL%FXA;\/.W3G,X;:'9N0_J7/

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end