|6 Months Ended|
Jun. 30, 2021
|NOTE 12 - SUBSEQUENT EVENTS||
NOTE 12 – SUBSEQUENT EVENTS
On July 1, 2021, our underwriter Maxim Group informed the Company that it would be partially exercising its overallotment option to purchase additional shares under the terms of the Underwriting Agreement between the parties. Maxim purchased 150,000 shares of additional common stock of the company at a price of $4.99 pursuant to the underwriting agreement. This option was only for common shares and was not for Units comprising a share of common stock and a warrant for one share of common stock. The Company collected approximately $740,000 in net proceeds from the transaction.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef