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

Note-5 -Subsequent events

 

During July 2022 the Company entered into Subscription Agreements with four Investors pursuant to which the Company issued 482,957 shares of our common stock at a per share price of $0.88 and warrants to purchase up to an additional 482,957 shares of common stock at a per share exercise price of $1.10. The Company is entitled to expedite the Warrant exercise period for all or a part of the then outstanding Warrants by written notice to the holders if the publicly traded price of the Company’s Common Stock equals or exceeds $2.50 per share (which amount may be adjusted for certain capital events, such as stock splits, as described herein) and the corresponding average daily trading volume during such period shall equal or exceed 75,000 shares, in each case for the forty (40) consecutive trading days. The Company received aggregate gross proceeds of $425,000.