STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2021

Stockholders' equity:

STOCKHOLDERS' EQUITY

The Company’s authorized capital consists of 150,000,000 shares of Common Stock, par value $0.0001 per share, and 5,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred Stock”).

Summary of Stock Purchase Warrants

The following table summarizes warrant activity during the three months ended March 31, 2021:

	Number		Average Purchase Price Per Share
Shares purchasable under outstanding warrants at December 31, 2020		3,206,910	$	6.36
Stock purchase warrants issued		-		-
Stock purchase warrants exercised		-		-
Shares purchasable under outstanding warrants at March 31, 2021		3,206,910	$	6.36

The Company has outstanding Common Stock purchase warrants as of March 31, 2021 as follows:

	Number of		Exercise Price
Description	Common Shares		Per Share		Expiration Date
Purchase Warrants		1,661,397	$	6.50	June 18, 2021
Agent Warrants		153,846	$	8.125	June 18, 2021
Purchase Warrants		1,391,667	$	6.00	June 1, 2022
		3,206,910

Subsequent Stock Issuance

In April 2021 the Company issued 25,000 shares valued at $139 for payment of legal services included in accounts payable at March 31, 2021.