COMMON STOCK

3 Months Ended

Mar. 31, 2022

COMMON STOCK.

COMMON STOCK

9. COMMON STOCK

The Company has authorized 2,000,000 shares of common stock, $0.00001 par value per share, of which 1,370,595, shares were issued and outstanding as each of March 31, 2022 and December 31, 2021.

During the three months ended March 31, 2022, there was no exercise activity related to any of the warrants that were issued in 2018, 2019 and 2020. During the three months ended March 31, 2021, the Company issued an aggregate of 424,829 and 488 shares of common stock upon the exercise of certain of the October 2020 Series A Warrants and October 2020 Placement Agent Warrants, respectively, for aggregate proceeds of $8.5 million.