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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 8 – Subsequent Events

 

On January 5, 2022, the Company sold an additional 630,000 shares of its common stock pursuant to the full exercise of the underwriters’ over-allotment option in connection with the Company’s IPO. The additional shares were sold at the IPO price of $5.00 per share, resulting in additional gross proceeds of $3,150,000 and bringing the total gross proceeds from the IPO to $24,150,000. In connection with the exercise of the underwriters’ over-allotment, the Company paid $243,275 in offering costs resulting in net proceeds of $2,913,750 and bringing total net proceeds from the IPO to $21,562,684.

 

On January 5, 2022, in connection with the exercise of the over-allotment option, the Company issued five-year warrants to purchase 31,500 shares of the Company’s common stock at an exercise price of $6.25 per share which vest six months after the date of issuance.