Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 9 - Subsequent Events


On July 15, 2022, the Compensation Committee of the Board (the “Committee”) authorized the grant of stock awards or stock options, as applicable, to acquire shares of common stock under the Company’s 2022 Omnibus Incentive Plan. As a result, the Company granted stock options to consultants, employees, officers and directors to purchase an aggregate of 1,532,952 shares of common stock. The stock options are exercisable at $2.48 per share, vest over a four-year period, will expire in ten years from the grant date and have an estimated fair value of $3.4 million. In addition, the Company also granted an aggregate of 398,940 fully vested shares of common stock to consultants and certain officers with a fair value of $989,000 for services.