Stockholders' Equity

3 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

NOTE 6 – STOCKHOLDERS’ EQUITY

Common Stock

March 2021 Offering 

On March 30, 2021, the Company completed the March 2021 Offering, selling 2,140,000 shares of common stock at an offering price of $14.00 per share. The Company received gross proceeds of approximately $30,000,000. The Company received net proceeds of approximately $28,024,000, after deducting underwriting discounts and commissions and offering-related expenses.

Stock Option Exercises

During the three months ended March 31, 2021, 244,656 shares of common stock were issued in connection with the exercise of stock options for total proceeds of $655,253.

Warrant Exercises

During the three months ended March 31, 2021, 415,917 shares of common stock were issued in connection with the cashless exercise of 424,288 common stock warrants.

During the three months ended March 31, 2021, 28,834 shares of common stock were issued in connection with the exercise of common stock warrants for total proceeds of $180,212.