Stockholders’ Equity

6 Months Ended

Jun. 30, 2022

Stockholders’ Equity [Abstract]

Stockholders’ Equity

8.    Stockholders’ Equity

Preferred Stock

At June 30, 2022, the Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue up to 5,000,000 shares of preferred stock with $0.001 par value per share, of which no shares were issued and outstanding.

Common Stock

At June 30, 2022, the Company’s certificate of incorporation, as amended and restated, authorizes the Company to issue up to 100,000,000 shares of common stock with $0.001 par value per share, of which 35,193,169 shares were issued and outstanding. The holders of common stock are also entitled to receive dividends whenever funds are legally available,

when and if declared by the Board of Directors. As of June 30, 2022, no dividends have been declared to date. Each share of common stock is entitled to one vote.

Disgorgement Proceeds

During the year ended December 31, 2021, the Company received net proceeds of $32,000 related to the disgorgement of short-swing profits under Section 16(b) of the Exchange Act. The amount was recorded as an increase to additional paid-in capital on the balance sheet.