0001553350-21-000252.txt : 20210331 0001553350-21-000252.hdr.sgml : 20210331 20210331113152 ACCESSION NUMBER: 0001553350-21-000252 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210331 DATE AS OF CHANGE: 20210331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EVOLUTIONARY GENOMICS, INC. CENTRAL INDEX KEY: 0000884363 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH [8731] IRS NUMBER: 264369698 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54129 FILM NUMBER: 21791202 BUSINESS ADDRESS: STREET 1: 1026 ANACONDA DRIVE CITY: CASTLE ROCK STATE: CO ZIP: 80108 BUSINESS PHONE: (720) 900-8666 MAIL ADDRESS: STREET 1: 1026 ANACONDA DRIVE CITY: CASTLE ROCK STATE: CO ZIP: 80108 FORMER COMPANY: FORMER CONFORMED NAME: Fona, Inc. DATE OF NAME CHANGE: 20100907 FORMER COMPANY: FORMER CONFORMED NAME: PHONE A HOME CORP DATE OF NAME CHANGE: 19930708 FORMER COMPANY: FORMER CONFORMED NAME: FONAHOME CORP DATE OF NAME CHANGE: 19930328 10-K 1 fnam_10k.htm ANNUAL REPORT Annual Report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

 

þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended: December 31, 2020


OR

 

o

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from: _____________ to _____________

 

Evolutionary Genomics, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

 

000-54129

 

26-4369698

(State or other jurisdiction of

 incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer

Identification Number)


1026 Anaconda Drive, Castle Rock, Colorado 80108

(Address of Principal Executive Offices)

  

  

Registrant’s telephone number, including area code: (720) 900-8666

 

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

Trading Symbol(s)

Name of each exchange on which registered

N/A

N/A

N/A

 

Securities registered pursuant to Section 12(g) of the Act: Common Stock, $.001 par value


Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o   No þ


Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes o   No þ


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ   No o


Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ   No o


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  þ


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer   ¨

 

Accelerated filer   ¨

Non-accelerated filer     þ

 

Smaller reporting company  þ

 

 

Emerging growth company  ¨


If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Indicate by check mark whether the registrant has filed a report on and attestation to its managements assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ¨


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).   o Yes   þ No


The aggregate market value of common stock held by non-affiliates of the Registrant as of June 30, 2020 was $4,737,188 based on the closing price on the last day of trading prior to June 30, 2020.


Shares outstanding as of December 31, 2020 were 5,881,898 shares of common stock, $.001 par value and 577,063 shares of Series A-1 preferred stock, par value $.001 and 102,860 shares of Series A-2 preferred stock, par value $.001. The Registrant’s common stock trades on the OTC Markets under the trading symbol “FNAM”.


DOCUMENTS INCORPORATED BY REFERENCE:   None

 

 




 


Evolutionary Genomics, Inc.


TABLE OF CONTENTS



 

 

PAGE

 

PART I

 

ITEM 1.

Business

1

ITEM 1A.

Risk Factors

9

ITEM 1B.

Unresolved Staff Comments

15

ITEM 2.

Properties

15

ITEM 3.

Legal Proceedings

15

ITEM 4.

Mine Safety Disclosures

15

 

 

 

 

PART II

 

ITEM 5.

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

16

ITEM 6.

Selected Financial Data

16

ITEM 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

16

ITEM 7A.

Quantitative and Qualitative Disclosures About Market Risk

18

ITEM 8.

Financial Statements

18

ITEM 9.

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

18

ITEM 9A.

Controls and Procedures

19

ITEM 9B.

Other Information

20

 

 

 

 

PART III

 

ITEM 10.

Directors, Executive Officers and Corporate Governance

21

ITEM 11.

Executive Compensation

23

ITEM 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

24

ITEM 13.

Certain Relationships and Related Transactions, and Director Independence

24

ITEM 14.

Principal Accounting Fees and Services

25

 

 

 

 

PART IV

 

ITEM 15.

Exhibits, Financial Statement Schedules

26

 

 

 

SIGNATURES

27





i



 


Cautionary Statement Regarding Forward-Looking Information


This report includes “forward-looking statements” that are subject to risks, uncertainties and other factors. All statements other than statements of historical fact are statements that could be deemed forward-looking statements including continued compliance with government regulations, changing legislation or regulatory environments; any statements of expectation or belief and any statements of assumptions underlying any of the foregoing. These risks, uncertainties and other factors, and the general risks associated with the businesses of the Company described in the reports and other documents filed with the SEC, could cause actual results to differ materially from those referred to in the forward-looking statements. The Company cautions readers not to rely on these forward-looking statements. All forward-looking statements are based on information currently available to the Company and are qualified in their entirety by this cautionary statement. The Company anticipates that subsequent events and developments may cause its views to change. The information contained in this report speaks as of the date hereof and the Company has or undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.


PART I


ITEM 1. BUSINESS


Evolutionary Genomics, Inc. (the "registrant" or "Company") was incorporated under the laws of the state of Minnesota in November 1990 under the name Fonahome Corporation. On March 24, 2009, the Company reincorporated in the state of Nevada and merged with its wholly-owned subsidiary, Fona, Inc., adopting the surviving company’s name, Fona, Inc. The Company was originally formed to develop and market an interactive information and advertising service.


From December 1999 through October 2015, the Company had no significant business operations. On March 3, 2009, the Company held a shareholder meeting approving the Stock Purchase Agreement and an Agreement and Plan of Merger effectively changing the name of the Company to Fona Inc., a Nevada corporation (“Re-incorporation Merger”) and simultaneously adopting the capital structure of Fona Inc., which includes total authorized capital stock of 800,000,000 shares, of which 780,000,000 are common stock and 20,000,000 are blank check preferred stock. The preferred stock may be issued from time to time in one or more series with such designations, preferences and relative participating, optional or other special rights and qualifications, limitations or restrictions thereof, as shall be stated in the resolutions adopted by the Corporation’s Board providing for the issuance of such preferred stock or series thereof. On March 24, 2009, the Articles of Merger of Fonahome Corporation, a Minnesota Corporation, into Fona, Inc., a Nevada Corporation, were filed with the Nevada Secretary of State.


On June 6, 2014, Evolutionary Genomics, Inc., a Delaware corporation (“EG”), EG I, LLC (“EG I”) and Fona, Inc., a Nevada corporation (“Fona”), Fona Merger Sub, Inc., a Delaware corporation (“Sub”) and Fona Merger Sub, LLC, a Colorado limited liability company (“Sub LLC”), entered into an Agreement and Plan of Merger as amended by the Amended and Restated Agreement and Plan of Merger dated March 2, 2015 (the “Merger Agreement”), pursuant to which, on October 19, 2015 Sub merged with EG and Sub LLC merged with EG I, with each EG and EG I surviving as wholly owned subsidiaries of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona, Inc. was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc. On May 9, 2016, we formed ICAM Therapeutics, Inc. (a Delaware corporation) as a wholly owned subsidiary of Evolutionary Genomics, Inc. We have not incurred any transactions in this company nor have we established any business plan for the future.


The Company maintains headquarters at the office of its Chief Executive Officer. The Company maintains a website at www.evolgen.com. The Company is not required to deliver an annual report to security holders and at this time does not anticipate the distribution of such a report. The Company will file reports with the SEC.


The public may read and copy any materials the Company files with the SEC in the SEC’s Public Reference Section, Room 1580, 100 F Street N.E, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Section by calling the SEC at 1-800-SEC-0330. Additionally, the SEC maintains an Internet site that contains reports, proxy, and information statements, and other information regarding issuers that file electronically with the SEC, which can be found at http://www.sec.gov.




1



 


GENERAL BUSINESS PLAN


On August 14, 2000, the Company was issued patent number 6274319, titled “Methods to identify evolutionarily significant changes in polynucleotide and polypeptide sequences in domestic plants and animals”. On June 1, 2004, the Company was issued patent number 6743580, titled “Methods for producing transgenic plants containing evolutionarily significant polynucleotides”. These patents are for the core Adapted Traits Platform that we use for the discovery of genes in humans, animals and commercial crops. The Company has applied the Adapted Traits Platform in research projects including identifying genes believed to be responsible for increases in yield in corn, increases in yield in rice, salt tolerance and sugar content in tomatoes and pest/disease resistance in soybeans, bananas and multiple other crops.


EG Technology – The Adapted Traits Platform (“ATP’)


Genomics research generates vast amounts of sequence data for thousands of genes. Some companies use this sequence data to try to predict the function of each gene and its potential to impact key traits. Others try to match the thousands of random deoxyribonucleic acid (“DNA”) changes between individuals with differences in traits. Evolutionary Genomics’ approach is to first narrow the search to genes that have undergone adaptive evolution (positively selected genes) in an organism that has an adapted trait of potential commercial value. To identify genes with impact on commercially desirable traits, Evolutionary Genomics screens first for positively selected genes. Evolutionary Genomics then focuses functional genomics efforts on demonstrating the effects of these genes on the desired traits.


Evolutionary Genomics uses the Adapted Traits Platform to perform high throughput molecular evolution analysis to identify positively selected genes based on Ka/Ks analysis (as defined below). Ka/Ks analysis was developed to document the role of positive selection on known protein coding genes. Molecular-level adaptive evolution is indicated when comparisons of homologous protein coding sequences from closely related species show that the number of amino acid differences fixed due to selection exceeds what can be expected by neutral evolution. Molecular-level positive selection can be detected in protein-coding genes by pairwise comparisons of the ratios of non-synonymous nucleotide substitutions per non-synonymous site (Ka) to synonymous substitutions per synonymous site (Ks). The algorithm, by comparing substitutions per site, takes into account, in rigorous fashion, the effect of bias and degeneracy in the genetic code, and also compensates for the effects of multiple hits at the same site. Ka/Ks ratios significantly greater than unity strongly suggest that positive selection has fixed greater numbers of amino acid replacements than can be expected as a result of chance alone.


Dr. Walter Messier, a Company founder and our Chief Technology Officer, published a seminal paper in the field: Messier and Stewart (1997) “Episodic adaptive evolution of primate lysozymes” Nature 385:151-154. The work described in this publication demonstrated that a known lysozyme gene that had been recruited for a new function to aid in digestion of leaves as a food source in certain monkeys had the kind of adaptive genetic changes indicating that the lysozyme gene had evolved more rapidly than the neutral substitution rate, indicating Darwinian positive selection. Many groups have used such methods to document Darwinian positive selection in other proteins. It was Dr. Messier’s insight that genes controlling a trait of interest could be identified by using molecular evolution analysis as a screen, comparing genes in a species with a trait to genes of a closely related species lacking the trait. The adapted genes found in such a screen could then be validated to determine their role in the presence or absence of the trait of interest.


Agricultural Industry


In the past century, agriculture has been characterized by enhanced productivity, the use of synthetic fertilizers and pesticides, selective breeding, mechanization, water contamination, and farm subsidies. Proponents of organic farming such as Sir Albert Howard argued in the early 20th century that the overuse of pesticides and synthetic fertilizers damages the long-term fertility of the soil. While this feeling lay dormant for decades, as environmental awareness has increased in the 21st century there has been a movement towards sustainable agriculture by some farmers, consumers, and policymakers.


Advances in genetic research and modification of crop species have led to increased yield, drought tolerance and disease/pest resistance. These advances have also led to an increased concentration within the providers of seed to the industry. The top seed companies control much of the implementation of new seed varieties through patents and licensing agreements. Genetic traits providers, like Evolutionary Genomics, identify and develop genes that impact traits of interest to the industry and market those genes to these seed companies.




2



 


Business Model


Evolutionary Genomics’ primary source of revenue through March 31, 2020 had been contract services revenue for research performed by Evolutionary Genomics on behalf of other commercial entities and grant income received from governmental agencies, industry associations and grant making foundations for research performed. Ownership of the intellectual property in these projects varies from Evolutionary Genomics retaining all intellectual property rights to retaining none of the developed intellectual property for the crop that is the subject of the project. In addition to contract services revenue for research, Evolutionary Genomics intends to continue to pursue grant funding from governmental agencies, industry associations and grant making foundations. These sources of funding are often subject to limitations in available funds, funding priorities in areas other than our area of focus, political uncertainties, long approval processes and competition with other research proposals.


The goal of the grant funded research projects was to discover genetic intellectual properties with commercial value.  Evolutionary Genomics’ soybean pest resistance project is a multiple year illustration of the evolution of a project from concept through marketing to seed companies. The project has yielded identified genes for pest resistance in soybeans with partial validation complete and full validation results expected in mid-2021. Evolutionary Genomics has had discussions with seed companies to commercialize the soybean genes and intends to continue those discussions in 2021 with two generation, whole plant validation results. The Company has extended this soybean pest resistance research to other crops including beans, tomatoes, cotton and maize.


Licensing revenue can be lump sum payments, milestone payments upon achievement of defined goals and/or percentages of revenue for products sold by licensee. These payments are often many years after completion of gene identification project as licensees engage in significant additional testing including field trials prior to integration into licensee commercial germplasm lines. There can be no guarantee that these licensing agreements will result in any additional revenue for Evolutionary Genomics as further development of licensed intellectual property is mostly controlled by the licensee.


Our banana pest resistance project is another project illustration.  We identified a gene (FusR1) in bananas that appears to confer resistance to Fusarium Fungus which leads to Panama Disease.  We marketed the gene to banana companies and, in August 2020, executed a Development and Commercialization Agreement (“DCA”) with Dole Food Company (“Dole”) which includes three years of development work funded by Dole and the framework for a long-term licensing relationship.  While Dole is supplying significant funding for the three year development of this banana gene in the form of promissory notes, there can be no assurance that this development work will lead to licensing revenue as there are many risks involved in genetic trait development.


Evolutionary Genomics’ Business Strategy


The single most valuable step in the process of crop improvement is the identification of the key genes among the 30,000 in the genome that has the desired impact. EG set out to find genes in soybeans that impact pest and disease resistance. We identified two that showed promise and, in hairy root assays on one of these genes, EG261, at the University of Wisconsin – Madison, proved that EG261 impacted resistance. When we discussed these results with the larger seed companies, they indicated interest but wanted to see two generation, whole plant testing results before entering licensing negotiations. We have engaged the University of Missouri and the University of Wisconsin’s Wisconsin Crop Innovation Center (“WCIC”) to independently perform these validation studies for us.


As a small company restricted by our limited resources, we cannot afford to generate vast numbers of transformation plant lines, known as events. Moderate success is important enough to indicate that further optimization can lead to significantly improved results. We must prove that there is enough evidence to warrant additional trials by companies with vastly more resources to build on our success but the single most valuable step in this process is the identification of the gene that has the desired impact and we have identified two of these genes, EG261 and EG19.


On April 29, 2014, the United States Patent and Trademark Office issued patent 8,710,300 titled EXPRESSION OF DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS ENHANCES PATHOGEN RESISTANCE IN PLANTS. On December 5, 2017 and March 3, 2020, the United States Patent and Trademark Office issued additional patents which extended the previous patent to include additional variations of the gene. During 2017, the Company was issued similar patents in Canada, Brazil and China and has additional patents pending in Argentina and India. On January 16, 2020, the Company filed a patent application on its second soybean pest/disease resistance gene, EG19, and has included that gene in its ongoing two generation, whole plant validation research. The Company has also discovered additional candidate genes that may impact pathogen resistance. There can be no assurance that any of these genes will be proven effective in validation testing or lead to licensing agreements or revenue.



3



 


We entered into a Service Agreement with WCIC under which they have transformed soybeans using our genes and helped to establish the right combinations to achieve a range of expression. WCIC grew events from seven constructs of EG261 and EG19 in their greenhouses. These plants were harvested in May 2020 for generation T2 seeds. Covid-19 closures of laboratories delayed the commencement of testing of these seeds until November 2020.  The testing of these T2 generation seedlings at the University of Missouri is expected to last until July 2021.


If results from the whole plant validation trials confirm the findings of the University of Wisconsin-Madison for EG261 and the effectiveness of the new gene, EG19, the Company intends to enter negotiations for a long-term research collaboration and licensing agreement with seed companies. If these negotiations are successful, this type of agreement will likely have an upfront payment, milestone payments during their testing and a licensing royalty stream once the genes are incorporated into commercial seed lines. The testing phase includes field trials which may proceed for several years prior to generating licensing revenue. There are many risks in this process including some that are outside of Evolutionary Genomics’ control and there can be no guarantee that we will ever generate any revenue from these potential agreements.


The Company has identified pest/disease resistance genes in other commercially valuable crops. The Company is in various stages of projects identifying genes in tomatoes and corn that may lead to increased pest/disease resistance. If successful, we intend to market them to the seed industry. This strategy will require Evolutionary Genomics to incur significant research costs prior to any confirmation of commercial viability and there can be no guarantee that the desired results can be achieved or that commercialization can be reached.


During the 1950s the global banana industry was devastated by a disease (caused by Fusarium fungus) that effectively wiped out the predominate variety of commercial bananas know as Gros Michel leading to the development of the Cavendish banana, which makes up well over 90% of the commercial banana market today. Cavendish was resistant to the strain of Fusarium that wiped out the Gros Michel variety but, in recent years, is being challenged by a new race of Fusarium that threatens to, once again, devastate the global banana industry. This crisis is imminent and has no solution. The recent emergence of Panama Disease TR4 in the Western Hemisphere makes a swift solution to the crisis even more urgent.  A substantial part of the banana market consists of exports from Central and South America to the United States.


In 2018, the Company began a project to identify genes in wild banana relatives that are resistant to Fusarium. We have previously used our technology to identify genes in common beans and, in our project for the Bill and Melinda Gates Foundation in common beans, proved that these genes provided increased resistance to Fusarium fungus. We used our platform to isolate a banana gene that controls Fusarium Wilt (FW), aka Panama Disease, Tropical Race 4. The gene, which we have named FusR1 (Fusarium Resistance 1), is a native gene in Musa species, including cultivated bananas. We have found that, for all FW-resistant banana cultivars/species that we have tested, one version of our gene exists while, in all FW-sensitive banana cultivars/species that we have tested, there is a different version of FusR1. And notably, a third version exists in semi-resistant varieties that has allowed us to identify the particular nucleotide changes that are crucial for resistance to Fusarium Wilt.


We believe that this native banana gene can be introduced into cultivated bananas, particularly the Fusarium-sensitive Cavendish cultivar in order to make these cultivars resistant to Fusarium Wilt.  Cavendish cultivars are sterile and seedless, but it should be possible to use MAB (marker assisted breeding), though perhaps difficult and time-consuming, to move FusR1 into Cavendish and other cultivated bananas. We believe that a gene transformation approach would be faster and easier. Given the threat of possible extinction for Cavendish, rapid approaches are not only warranted but essential and minimally genetically edited bananas will be accepted depending upon how the gene transfer is accomplished. Transfer of this native banana gene to cultivated bananas can also be accomplished with CRISPR technology, which allows a targeted, clean, and efficient transfer and which, as compared to more traditional genetic editing techniques, minimizes potential side effects.  We believe that Cavendish bananas can be rendered Fusarium Wilt resistant by changing only a few base pairs. These sorts of minimal changes have been allowed by the USDA and FDA in several crops. Even in Europe, use of CRISPR technology has gained substantial traction.


On June 26, 2019, we filed a United States patent application titled IDENTIFICATION AND RESISTANCE GENES FROM WILD RELATIVES OF BANANA AND THEIR USES IN CONTROLLING PANAMA DISEASE.  We are awaiting review of these patents by the United States Patent Office.




4



 


On August 19, 2020, the Company entered into the DCA with Dole for the development of plant varieties within the Musa genus of the Musaceae family (including the Cavendish variety of banana) that exhibit resistance to Fusarium Wilt Tropical Race 4 (popularly known as Panama Disease).  Subject to compliance with various provisions of the agreement, the agreement includes working capital funding from Dole to the Company over the next four years. In addition to working capital funding, Dole will reimburse the Company for the development of banana plants and incur additional costs for the commercialization of plants upon successful completion of the development portion of this project. In the year ended December 31, 2020, the Company received $800,000 of working capital funding and $1,295,831 of reimbursement of development costs pursuant to this agreement.  Per the Agreement, 50% of future royalties may be offset with the research funding provided by Dole. In the event that Dole terminates the agreement for material breach by the Company or the Company’s bankruptcy, the Company must repay all funding provided by Dole within six months of termination. The parties have agreed to negotiate the terms of the long-term license agreement upon successful completion of the development portion of this project. We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive per the agreement, the Company may not be able to meet its obligations as they become due.


If we are able to successfully transform and validate our banana genes, which will likely take 24-36 months from the start of the project in September 2020, under the terms of the agreement with Dole, we expect to negotiate a long-term royalty contract for the commercialization of banana plants using our genes.  This licensing arrangement will likely be exclusively with Dole and contain royalty payments based on the number of plants and/or hectares of plants.  Even if EG’s genes are proven to be effective, it is difficult to predict the future revenue stream that any licensing arrangement can generate and will be heavily dependent upon the speed with which Panama Disease spreads throughout the world necessitating a solution and any changes in the price of bananas based on supply and demand.  Many articles are available in the public realm detailing the significance of the disease and the spread throughout the world.


Since bananas are seedless, they are propagated by clones which allows for very rapid production of plants.  An initial batch of 100 successful plants can generate a secondary propagation of over 15,000 plants in one year (enough for 10 hectares) and 15 million in the next generation.  There are over 400,000 hectares of banana production in Latin America from Mexico to Peru.  Adoption of the new variety will be dependent upon its effectiveness and the infection rate of Panama disease.


There are many risks associated with achieving these desired results including but not limited to:


 

-

We may not be able to adequately establish patent protection for our intellectual property or others may have competing claims.

 

-

Others may develop competitive approaches to compete with our genes.

 

-

Our transformation academic labs may fail to develop enough events for testing.

 

-

Our genes may cause unforeseen and undesirable changes beyond the pest resistance such as yield degradation or changes in the appearance or taste of the fruit.

 

-

Our genes may fail to deliver the desired results of resistance to Fusarium.

 

-

Globally regulations and/or consumer preference may prevent the successful commercial launch of bananas with genetics changed using our methods.

 

-

We will be dependent on others for the successful production and marketing of bananas with our genes and many factors will be outside of our control.

 

-

Our cash flow is highly dependent upon our only expected source of funding provided under our Development and Commercialization Agreement with Dole Food Company.

 

-

Our expected future royalty revenue will be highly dependent upon the successful execution of the banana development project in the DCA with Dole and the negotiation of a long-term royalty licensing agreement expected in the third year of that agreement.


Competition


Evolutionary Genomics’ competition is very broad from the largest seed companies like Monsanto Company, Syngenta AG, Bayer Crop Science, Dupont Pioneer and Dow and others to the smallest grower who is successful in breeding new, improved varieties. These same competitors are also Evolutionary Genomics customers as Evolutionary Genomics seeks to license intellectual property for commercialization into their seed lines. Many of these companies are exponentially larger with many more resources at their disposal and there can be no assurance that EG can continue to compete with them or interest them in licensing our intellectual property.




5



 


Patents


Evolutionary Genomics is the owner of the following issued and pending patent applications:


Patent/App Serial #

Jurisdiction

Title

Filing Date

Issue Date

Expire Date

6743580  /  09875666

United States

METHODS FOR PRODUCING TRANSGENIC PLANTS CONTAINING EVOLUTIONARILY SIGNIFICANT POLYNUCLEOTIDES

6/6/2001

6/1/2004

6/6/2021

8710300  /  13949035

United States

EXPRESSION OF DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS ENHANCES PATHOGEN RESISTANCE IN PLANTS

7/23/2013

4/29/2014

7/23/2033

9834783  /  13901071

United States

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/23/2013

12/5/2017

5/23/2033

P130101827

Argentina

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/24/2013

 

5/24/2033

P200101511

Argentina

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/28/2020

 

5/24/2033

2872128

Canada

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/23/2013

9/19/2017

5/23/2033

112014029381-3

Brazil

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/23/2013

9/19/2017

5/23/2033

10112/DELNP/14

India

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/23/2013

 

5/23/2033

ZL201380039727.4

China

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

5/23/2013

7/25/2017

5/23/2033

9605274  /  14479550

United States

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

9/8/2014

3/28/2017

9/8/2034

62/961923

United States

EXPRESSION OF F-BOX/KELCH-REPEAT GENE EG19, DIRIGENT GENE EG19, THEIR ORTHOLOGS AND PARALOGS ENHANCES PATHOGEN RESISTANCE IN PLANTS

1/16/2020

 

 

9862962  /  14775142

United States

IDENTIFICATION AND USE OF TOMATO GENES CONTROLLING SALT/DROUGHT TOLERANCE AND FRUIT SWEETNESS

9/11/2015

1/9/2018

9/11/2035

15827299

United States

IDENTIFICATION AND USE OF TOMATO GENES CONTROLLING SALT/DROUGHT TOLERANCE AND FRUIT SWEETNESS

11/30/2017

 

 

10577625/15800179

United States

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

11/1/2017

3/3/2020

11/1/2037

16748957

United States

DIRIGENT GENE EG261 AND ITS ORTHOLOGS AND PARALOGS AND THEIR USES FOR PATHOGEN RESISTANCE IN PLANTS

1/22/2020

 

 

15/827299

United States

IDENTIFICATION AND USE OF GRAPE GENES CONTROLLING SALT/DROUGHT TOLERANCE AND FRUIT SWEETNESS

11/30/2017

 

 

16509273.0

United States

IDENTIFICATION AND USE OF GRAPE GENES CONTROLLING SALT/DROUGHT TOLERANCE AND FRUIT SWEETNESS

7/11/2019

 

 

16/896,682

United States

IDENTIFICATION AND RESISTANCE GENES FROM WILD RELATIVES OF BANANA AND THEIR USES IN CONTROLLING PANAMA DISEASE

6/26/2019

 

 




6



 


Material Agreements


Effective March 1, 2012, Evolutionary Genomics entered into an Agreement for Contract Services with Smith Bucklin Corporation (the “Contractor”) on behalf of the United Soybean Board. The contract includes the payment of certain royalties, as defined in the Agreement. Evolutionary Genomics retains all ownership of patents and intellectual property developed in the project and is obligated to pay royalties to the United Soybean Board of ten percent of the sale of products derived from the soybean genes that were the subject of the research performed or from royalties received from the sale of products by a third party not to exceed 150% of the total amount paid to Evolutionary Genomics under this Agreement. Evolutionary Genomics recognized revenue of $262,476 from this contract, thus limiting any future royalties to a total of $393,714. The project term has expired but the royalty provisions remain in perpetuity.


On February 21, 2015 the Company entered into the Sponsored Research Contract with The Curators of the University of Missouri for phenotyping of transgenic soybean samples on a per unit basis. We expect to continue this contract and will likely have additional amounts payable but the amount is indeterminable. Evolutionary Genomics retains sole ownership of all patents and intellectual property, royalty free for all materials (including previously identified genes) related to this project.


On May 3, 2018 and amended on January 9, 2019, the Company entered into a Service Agreement with WCIC for the transformation and development of transgenic soybean plants using our EG261 and EG19 genes. Including the amendment, the total amount of this contract is $141,631, all of which has been recognized through December 31, 2020. Evolutionary Genomics will retain sole ownership of all patents and intellectual property, royalty free for all materials (including previously identified genes).


On June 26, 2018, the Company was awarded an Advanced Industries Accelerated Grant by the State of Colorado in the amount of $250,000 to fund further research in the development of pest resistance genes in soybeans and other crops and sweetness genes in tomatoes. Through December 31, 2020, the Company has recognized all $250,000 of the revenue from the contract. The Company maintains ownership of all intellectual property developed from the use of the grant funds and is not required to repay grant funds or pay royalties.


On August 19, 2020, the Company entered into the DCA with Dole for the development of our banana genes.  The DCA provides for payments from Dole to the Company of $800,000 upon execution, $800,000 by the twelve-month anniversary, $250,000 by the thirty-six month anniversary and $250,000 by the forty-eight month anniversary.  Dole will also reimburse the Company for costs incurred at the University of Wisconsin-Madison (“UW”) not to exceed $2,200,000 in coordination with the Standard Research Agreement that the Company entered into with UW on September 18, 2020 which includes payments from the Company to UW in the amount of $2,159,719 over the two-year expected term of the project.  If the UW research is successful, Dole expects to incur costs of $750,000 to perform field trials.


The DCA also specifies that the Company will execute notes payable to Dole for the funding that Dole is providing up to $5,050,000.  Upon receipt of the first $800,000 on August 26, 2020, the Company executed the first note under this DCA and recorded it as a long term note payable for financial statement purposes.  Upon receipt of $1,295,831 on December 29, 2020, the Company executed the second note under this DCA and recorded it as a long term note payable for financial statement purposes. The notes are non-interest bearing and allow Dole to offset fifty percent of future royalty payments to the Company by reducing the amount of principal due on these notes.  Other than this offset of future royalty payments, repayment of principal and interest is only required in the case of termination of the DCA by Dole for cause.


On September 18, 2020, the Company entered into a Standard Research Agreement with WCIC for the development of our banana genes.  The agreement includes payments from the Company in the amount of $2,159,719 over the two-year expected term of the project.  These costs will be reimbursed, in the form of notes payable by Dole in accordance with our DCA.


Trademarks


Evolutionary Genomics has no registered trademarks.


Employees


Evolutionary Genomics had two full time employees and one part time employee as of December 31, 2020.




7



 


Facilities


The Company leases its operating facility on a month-to-month basis, with monthly rental installments of $2,378. Renewals are by mutual agreement.


Legal Proceedings


Evolutionary Genomics is not currently involved in or aware of any threatened or actual legal proceedings.


Capitalization


The Company is authorized to issue up to 780,000,000 shares of Common Stock and up to 20,000,000 shares of preferred stock. As of December 31, 2020, the Company had 5,881,898 shares of Common Stock outstanding, 577,063 shares of Series A-1 Preferred Stock (“Series A-1”) outstanding and 102,860 shares of Series A-2 Preferred Stock (“Series A-2”) outstanding. Both Series A-1 and Series A-2 are convertible into shares of Common Stock on a one share for one share basis.  1,400,000 shares of common stock have been reserved for issuance pursuant to the Company’s 2015 Stock Incentive Plan. Option grants have been issued for 340,000 shares of common stock at an exercise price of $0.55 per share, 490,000 shares of common stock at an exercise price of $1.50 per share, 150,000 shares of common stock at an exercise price of $1.65 per share, 180,000 shares of common stock at an exercise price of $3.00 per share, 100,000 shares of common stock at an exercise price of $3.30 per share and 100,000 shares of common stock at an exercise price of $3.50 per share. Options for 120,000 shares have been exercised, 158,333 have been cancelled and option grants of 1,081,667 shares remain outstanding as of December 31, 2020.


Liquidation: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation.


The Corporation is required to establish a segregated non-interest bearing trust account (the “Sinking Fund Account”) for the benefit of the Holders. 50% of all licensing fees received by the Corporation shall be deposited in the Sinking Fund Account within five (5) Business Days of receipt of any such fees by the Corporation. In the event that the amount of cash in the Sinking Fund Account exceeds the liquidation preference of all issued and outstanding shares of Series A-1 and Series A-2 Preferred Stock not previously redeemed or converted pursuant to the terms hereof, the Corporation shall deliver a notice to the Holders (the “Mandatory Redemption Notice” and the date such notice is deemed delivered hereunder, the “Mandatory Redemption Notice Date”) of its obligation to redeem all of the then outstanding shares of Series A-1 and Series A-2 Preferred Stock (i) for cash in an amount equal to the liquidation preference per share and (ii) by issuing such number of fully paid and nonassessable whole shares of Common Stock as is obtained by multiplying (x) the number of shares of Series A-1 and Series A-2 Preferred Stock so to be redeemed by (y) the liquidation preference per share of the Series A-1 and Series A-2 Preferred Stock, and then by dividing such product by (z) the conversion price per share, payable and issuable, respectively, in full on the 5th Trading Day following the Mandatory Redemption Notice Date. This is considered a contingent redemption feature.


Conversion: The holders of Series A-1 and Series A-2 may convert their shares at any time into shares of Common Stock at any time prior to the consummation of a liquidation, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments.


Optional Redemption; Sinking Fund Account: The Company may elect to redeem some or all of the then outstanding shares of Series A-1 and Series A-2, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2020, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of December 31, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established.




8



 


Dividends: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum multiplied by the amount invested. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 has been paid. As of December 31, 2020, there were $1,236,228 in accrued preferred stock dividends.


Voting: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class.


ITEM 1A.  RISK FACTORS


Impacts of COVID-19 on our business


The impact of a novel strain of coronavirus (COVID-19) and measures to prevent its spread are affecting the macroeconomic environment and while the full impact is uncertain, our business and results of operations could be materially adversely affected. We previously expected to complete the soybean research in the second quarter of 2020.  During the second quarter of 2020, our academic labs informed us that they were not starting any new projects due to the COVID-19 pandemic.  As of October 2020, the project is underway with results expected in mid-2021. If this research is not completed within a reasonable timeframe or within estimated costs, future licensing revenue, the valuation of our research in progress and the financial condition of the Company could be significantly impacted.  The impact on our business will depend on a number of factors such as the duration and extent of COVID-19, governmental actions, changes in consumer behavior, responses of our third-party business partners that offer our content through their platforms, and general economic activity.


We are attempting to conduct business as usual to the extent possible and are complying with the applicable orders issued by the Governor of Colorado. The Company has been granted the status of essential operations and our staff continues to work in our lab while staggering working hours to limit exposure.


The impact of the COVID-19 outbreak may also exacerbate other risks.


We may require substantial additional funding and may be unable to raise capital when needed, which could force us to delay, reduce or eliminate planned activities or result in our inability to continue as a going concern.


As of December 31, 2020 we had $215,836 in our bank accounts. Sources of funding to meet prospective cash requirements include the Company’s existing cash balances along with funding from our agreement with Dole, additional Small Business Administration loans and prospective funding from marketing additional genes. We also have flexibility to reduce operating expenses.  We expect that the funding from these sources will be more than enough to cover our operating expenses for the next twelve months.  If the funding does not arrive, the Company may not be able to meet its obligations as they become due.


Our future capital requirements will depend on, and could increase significantly as a result of, many factors, including:


·

the duration and results of the research projects;


·

unexpected delays or costs incurred in the acquisition of plant materials needed in these research projects and with subcontracts that perform various parts of these projects;


·

the time and cost in preparing, filing, prosecuting, maintaining and enforcing patent claims;


·

other unexpected developments encountered in implementing our business development, research development and commercialization strategies; and


·

further arrangements, if any, with collaborators.




9



 


We may attempt to raise additional funds through public or private financings, collaborations with other companies or financing from other sources. Additional funding may not be available on terms which are acceptable to us or at all. If adequate funding is not available to us on reasonable terms, we may need to delay, reduce or eliminate one or more of our research and development projects or obtain funds on terms less favorable than we would otherwise accept. To the extent that additional capital is raised through the sale of equity securities or securities convertible into or exchangeable for equity securities, the issuance of those securities could result in dilution to our stockholders. Moreover, the incurrence of debt financing could result in a substantial portion of our future operating cash flow, if any, being dedicated to the payment of principal and interest on such indebtedness and could impose restrictions on our operations. This could render us more vulnerable to competitive pressures and economic downturns.


In addition, if we do not meet our payment obligations to third parties as they come due, we may be subject to litigation claims. Even if we are successful in defending against these claims, litigation could result in substantial costs and be a distraction to management and may result in unfavorable results that could further adversely impact our financial condition.


We have relied on the availability of grant funding to fund some of our research efforts and our inability to compete successfully for these limited grant funding opportunities may significantly affect our results of operations and our ability to complete research projects.


We have traditionally funded many of our research projects, partially or wholly, using grant funding provided by government programs, industry associations and grant making institutions. The availability of these funds is impacted by many factors including changing political priorities, fiscal budget issues, agency priorities, availability of funds and competition from other grant seekers. Our ability to present proposals that fit within grant making guidelines and which are attractive relative to other proposals submitted may significantly impact our ability to fund our research projects.


Efforts to protect our intellectual property rights and to defend claims against us can increase our costs and will not always succeed; any failures could adversely affect profitability or restrict our ability to do business.


Intellectual property rights are crucial to our business. We endeavor to obtain and protect our intellectual property rights in jurisdictions in which products are produced from the biotechnology that we produce and in jurisdictions into which those products are imported. Different nations may provide limited rights and inconsistent duration of protection for our intellectual property. We may be unable to obtain protection for our intellectual property in key jurisdictions. Even if protection is obtained, competitors, farmers or others may raise legal challenges to our rights or illegally infringe on our rights, including through means that may be difficult to prevent or detect. In addition, because of the rapid pace of technological change, and the confidentiality of patent applications in some jurisdictions, competitors may be issued patents from applications that were unknown to us prior to issuance. These patents could reduce the value of our commercial or pipeline biotechnology or, to the extent they cover key technologies on which we have unknowingly relied, require that we seek to obtain licenses or cease using the technology, no matter how valuable to our business. We cannot assure we would be able to obtain such a license on acceptable terms. In addition, patent laws are subject to change and any change in our ability to protect the intellectual property that we develop may impact our ability to commercialize that intellectual property. The extent to which we succeed or fail in our efforts to protect our intellectual property will affect our costs, sales and other results of operations.


Genes that we have discovered and may discover in the future with expected desirable impact on traits may, upon further research and field trials, be revealed to also have undesirable impact on traits.


Evolutionary Genomics’ gene discovery process focuses on the identification of positively selected genes that impact the trait of interest that we are working on. When we further test them in lab validation, we are again focused on whether they have the desired impact on the trait of interest and we are specifically testing for that outcome. Laboratory experiments are under more ideal circumstances than field trials and use in production and there can be no guarantee that the lab result will be repeated under those conditions. Additional field trials and use in production may also reveal undesirable impacts on other traits that were not a focused part of our research. For example, the soybean or banana genes that we have discovered may be found to have a negative impact on yield. These may impact our ability to realize revenue from the commercialization of our biotechnology and may expose us to liability for undesirable outcomes that we don’t anticipate.


Undesirable results from our ongoing research may result in expensing of our acquired research in progress.


We currently carry $4,016,596 of acquired research in progress on our balance sheet as an intangible asset subject to amortization. Upon executing our DCA with Dole, we began amortization of this asset in the year ended December 31, 2020. If this project produces undesirable results, we may need to expense the intangible asset.




10



 


Others may find additional genes or other methods of accomplishing the same desired outcome that our biotechnology does, rendering our biotechnology less valuable or commercializable.


There are many other companies pursuing similar gene discovery programs and other approaches to solving the same issues that we are addressing and many of these companies have vastly more resources than we do. Even when we identify genes that impact desired traits, there may be other genes that have a similar or greater effect on these traits. For example, one or more of the other genes in soybeans and bananas may have an impact on pest/disease resistance similar to our genes or there may be other orthologs of the genes that we have discovered in other varieties that have a greater impact. In addition, other companies may develop commercial chemicals that compete with genetic changes to solve the issues that we are addressing. Any of these may impact our ability to realize revenue from the commercialization of our biotechnology.


The successful development of our research efforts and commercialization of our biotechnology will be necessary for our growth and profitability.


We intend to use recent successes in which we have identified genes that may have an impact on pest/disease resistance in soybeans and bananas and look for similar genes in other crops. This research may result in significant costs incurred without any commercial value produced. We also intend to attempt to improve the potential pest/disease resistance genes we have identified. Even if we find effective genes, we may not be able to find a commercial market for them. There can be no assurance we will be able to achieve any improvement and performing this research may also result in significant costs incurred without any commercial value produced. The processes of breeding, biotechnology trait discovery and development and trait integration are lengthy and a very small percentage of the genes identified in research are selected for commercialization. The length of time and the risk associated with the breeding and biotech pipelines are interlinked because both are required as a package for commercial success in markets where biotech traits are approved for growers. Commercial success frequently depends on being the first company to the market, and many of our competitors are also making considerable investments in similar new biotechnology. Consequently, if we are not able to fund extensive research and development activities and deliver new products to the markets we serve on a timely basis, our growth and operations will be harmed including, but not limited to, the possible impairment of our intangible assets.


We rely heavily on our founder, Walter Messier, our current Chief Science Officer. The loss of his services would have a material adverse effect upon us and our business and prospects.


Our success depends, to a significant extent, upon the continued services of Walter Messier, who is a founder of Evolutionary Genomics and our current Chief Science Officer. Since inception, we have been dependent upon Dr. Messier, who is the inventor on most of our patents and responsible for the development of our core Adapted Traits Platform. If Dr. Messier or any key management personnel resign to join a competitor or form a competing company, the loss of such personnel, together with the loss of any customers or potential customers due to such executive’s departure, could materially and adversely affect our business and results of operations.


We are dependent on a technically trained workforce and an inability to retain or effectively recruit such employees could have a material adverse effect on our business, financial condition and results of operations.


Our ability to compete effectively depends largely on our ability to attract and retain certain key personnel, including additional researchers that we intend to hire in order to pursue our planned research projects. Industry demand for such skilled employees, however, exceeds the number of personnel available, and the competition for attracting and retaining these employees is intense. Because of this intense competition for skilled employees, we may be unable to retain our existing personnel or attract additional qualified employees to keep up with future business needs. If this should happen, our business, operating results and financial condition could be adversely affected.


In addition, we intend to hire business development and marketing personnel and advisors to promote and market the biotechnology that we develop. We cannot assure you that we will be able to recruit and retain qualified personnel and advisors to perform these functions. Our inability to hire and then retain such personnel, advisors and scientists could have a materially adverse effect on our business and our projects.




11



 


We may not obtain the necessary permits and authorizations to operate our business.

 

We may not be able to obtain or maintain the necessary licenses, permits, authorizations or accreditations, or may only be able to do so at great cost. In addition, we may not be able to comply fully with the wide variety of laws and regulations applicable to the agricultural industry. Failure to comply with or to obtain the necessary licenses, permits, authorizations or accreditations could result in restrictions on our ability to operate our business, which could have a material adverse effect on our business.

 

Competition in agricultural biotechnology has significantly affected and will continue to affect our revenue and results of operations.


Many companies engage in research and development of plant biotechnology and breeding and speed in getting a new product to market can be a significant competitive advantage. Our competitors’ success could render the biotechnology that we identify as less competitive, resulting in reduced sales compared to our expectations or past results. We expect to see increasing competition from agricultural biotechnology firms and from major agrichemical, seed and food companies. The extent to which we can realize cash and profit from our business will depend on our ability to control research costs, predict and respond effectively to competitor products and marketing; and develop new products and services attractive to our customers.


Our customers are subject to extensive regulation affecting their use of our biotechnology, which may affect our revenue and profitability.


Regulatory and legislative requirements affect the development and distribution of products made from the biotechnology that we produce, including the testing and planting of seeds containing our biotechnology traits and the import of crops grown from those seeds, and non-compliance can harm our revenue and profitability. Obtaining testing, planting and import approvals for seeds or biotechnology traits can be time-consuming and costly, with no guarantee of success. The failure to receive necessary permits or approvals could have near- and long-term effects on our ability to sell some current and future biotechnology. Concern about unintended but unavoidable trace amounts (sometimes called “adventitious presence”) of commercial biotechnology traits in conventional (non-biotechnology) seed, or in the grain or products produced from conventional or organic crops, among other things, could lead to increased regulation or legislation, which may include: liability transfer mechanisms that may include financial protection insurance; possible restrictions or moratoria on testing, planting or use of biotechnology traits; and requirements for labeling and traceability, which requirements may cause food processors and food companies to avoid biotechnology and select non-biotechnology crop sources and can affect farmer seed purchase decisions and, ultimately the sale and use of the biotechnology that we produce. Legislation encouraging or discouraging the planting of specific crops can also harm our sales.


The degree of public acceptance or perceived public acceptance of products made from our biotechnology can affect our sales and results of operations by affecting planting approvals, regulatory requirements and farmer purchase decisions.


Some opponents of the use of biotechnology in agriculture raise public concern about the potential for adverse effects of products produced using genetic information that we provide to our customers on human or animal health, other plants and the environment. The potential for adventitious presence of commercial biotechnology traits in conventional seed, or in the grain or products produced from conventional or organic crops, is another factor that can affect general public acceptance of these traits. Public concern can affect the timing of, and whether our customers are able to obtain, government approvals. Even after approvals are granted, public concern may lead to increased regulation or legislation or litigation concerning prior regulatory approvals, which could affect our sales and results of operations by affecting planting approvals and may adversely affect sales of our customers’ products to farmers, due to their concerns about available markets for the sale of crops or other products derived from biotechnology which may lead to less demand from our customers. In addition, opponents of agricultural biotechnology have attacked farmers’ fields and facilities used by agricultural biotechnology companies and may launch future attacks against farmers’ fields and our field testing sites and research, production, or other facilities, which could affect our sales and our costs.



12



 


We are dependent upon other companies to integrate biotechnology that we have licensed to them into their breeding operations for our future license revenue.


We perform research for other entities under grant and research agreements that provide service revenue. In addition to the service revenue, our long-term profitability depends on the commercialization of the biotechnology that we provide to other companies for their commercial breeding lines. The extent to which our biotechnology is integrated into these breeding lines is largely outside of our control and can take many years. If our biotechnology is not integrated into breeding lines, we may not realize license revenue which may affect our results of operations.


The biotechnology industry is subject to rapid technological change, and if we fail to keep up with such change, our results of operations and financial condition could be adversely impacted.


Biotechnology has undergone and is subject to rapid and significant change. We expect that the technologies associated with biotechnology research and development will continue to develop rapidly. Our failure to keep pace with such rapid change could result in our products becoming obsolete and we may be unable to recoup any expenses incurred with developing such products, which may adversely affect our future revenues and financial condition.


The Company may be required to expend substantial sums in order to bring it into compliance with the various reporting requirements applicable to public companies and/or to prepare required financial statements, and such efforts may harm operating results or be unsuccessful altogether.


We are subject to many of the requirements applicable to public companies, including Section 404 of the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, which requires that the Company evaluate and report on its system of internal controls. If the Company’s finance and accounting staff or internal controls over financial reporting are inadequate, it may be required to hire additional staff and incur substantial legal and accounting costs to address such inadequacies. Moreover, the Company cannot be certain that its remedial measures to correct current material weaknesses will be effective. Any failure to implement required or improved controls, or difficulties encountered in their implementation, could harm the Company’s operating results or increase its risk of material weaknesses in internal controls.


Members of our management team have significant influence over us.


Our officers and directors own, directly or indirectly approximately 34.6% of the outstanding shares of common and preferred stock, excluding options. Including options and warrants, our officers and directors own, directly or indirectly, approximately 42.3% of the outstanding shares of common stock. These stockholders, therefore, have a controlling influence in determining the outcome of any corporate transaction or other matters submitted to our stockholders for approval, including Mergers, consolidations and the sale of all or substantially all of our assets, election of directors, and other significant corporate actions. The interests of these stockholders may differ from the interests of our other stockholders.


Our certificate of incorporation and bylaws and Nevada law may have anti-takeover effects that could discourage, delay or prevent a change in control, which may cause our stock price to decline.


Our certificate of incorporation and bylaws and law could make it more difficult for a third party to acquire us, even if closing such a transaction would be beneficial to our stockholders. We are authorized to issue up to 20,000,000 shares of preferred stock. This preferred stock may be issued in one or more series, the terms of which may be determined at the time of issuance by our board of directors without further action by stockholders. The terms of any series of preferred stock may include voting rights (including the right to vote as a series on particular matters), preferences as to dividend, liquidation, conversion and redemption rights and sinking fund provisions. We currently have 577,063 shares of Series A-1 preferred stock issued and outstanding and 102,860 shares of Series A-2 preferred stock issued and outstanding. The issuance of any preferred stock could materially adversely affect the rights of the holders of our common stock and existing holders of preferred stock, and therefore, reduce the value of those securities. In particular, specific rights granted to future holders of preferred stock could be used to restrict our ability to merge with, or sell our assets to, a third party and thereby preserve control by the present management.


Provisions of our certificate of incorporation and bylaws and law also could have the effect of discouraging potential acquisition proposals or making a tender offer or delaying or preventing a change in control, including changes a stockholder might consider favorable. Such provisions may also prevent or frustrate attempts by our stockholders to replace or remove our management. In particular, the certificate of incorporation and bylaws and law, as applicable, among other things:


·

provide the board of directors with the ability to alter the bylaws without stockholder approval;



13



 


·

place limitations on the removal of directors;


·

provide that the Board of Directors may change the size of the Board; and


·

provide that vacancies on the board of directors may be filled by a majority of directors in office, although less than a quorum.


These provisions may delay or prevent someone from acquiring or merging with us, which may cause the market price of our common stock to decline.


We do not foresee paying cash dividends in the foreseeable future and, as a result, our investors’ sole source of gain, if any, will depend on capital appreciation, if any.


We do not plan to declare or pay any cash dividends on our shares of common stock in the foreseeable future and currently intend to retain any future earnings for funding growth. As a result, investors should not rely on an investment in our securities if they require the investment to produce dividend income. Capital appreciation, if any after payments due to preferred shareholders, of our shares may be investors’ sole source of gain for the foreseeable future. Moreover, investors may not be able to resell their shares of our common stock at or above the price they paid for them.


Our ability to use our net operating loss carry-forwards and certain other tax attributes is limited by Sections 382 and 383 of the Internal Revenue Code.


Subject to certain limitations, a corporation may offset a net operating loss carryforward against profit earned in a future year to determine its U.S. federal income tax expenses for such year. Sections 382 and 383 of the Internal Revenue Code of 1986 limit a corporation’s ability to utilize its net operating loss carryforwards and certain other tax attributes (including research credits) to offset future federal taxable income or tax if, in general, the corporation experiences a cumulative ownership change of more than 50% over any rolling three-year period. State net operating loss carryforwards (and certain other tax attributes) may be similarly limited. For the year ended December 31, 2020, we recorded no state tax liability. An ownership change can therefore result in significantly greater tax liabilities than a corporation would incur in the absence of such a change and any increased liabilities could adversely affect the corporation’s business, results of operations, financial condition and cash flow.


As of December 31, 2019, we had available total federal and state net operating loss carryforwards of approximately $7,824,000 plus additional net operating losses generated in the year ending December 31, 2020. These NOL’s expire at various intervals through the year 2037 except for the NOL’s for the years ending after December 31, 2017 which have no expiration date.


Additional ownership changes may occur in the future as a result of additional equity offerings or events over which we will have little or no control, including purchases and sales of our equity by our five-percent security holders, the emergence of new five-percent security holders, redemptions of our securities or certain changes in the ownership of any of our five percent security holders.


If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.


The trading market for our common stock depends in part on the research and reports that securities or industry analysts publish about us or our business. We do not currently have and may never obtain research coverage by securities and industry analysts. If no securities or industry analysts commence coverage of our company, the trading price for our stock would be negatively impacted. If we obtain securities or industry analyst coverage and if one or more of the analysts who covers us downgrades our stock, or publishes unfavorable research about our business, our stock price would likely decline. If one or more of these analysts ceases coverage of us or fails to publish reports on us regularly, demand for our stock could decrease, which could cause our stock price and trading volume to decline.





14



 


ITEM 1B. UNRESOLVED STAFF COMMENTS


Not applicable.


ITEM 2. PROPERTIES


The Company has no owned properties and at this time has no agreements to acquire any properties. The Company currently maintains a rent-free mailing address at 1026 Anaconda Drive, Castle Rock, CO 80108, which is the address of the office of its Chief Executive Officer and lab facilities on lease at 1801 Sunset Place, Unit C, Longmont CO 80501. The Company leases its operating facility on a month-to-month basis, with monthly rental installments of $2,378.


ITEM 3. LEGAL PROCEEDINGS


The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated.


ITEM 4. MINE SAFETY DISCLOSURES


Not applicable.




15



 


PART II


ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES


There is only a very limited market for the Company's securities. The Company’s securities are included on the OTCQB under the symbol FNAM. As of December 31, 2020, there were outstanding options for 1,081,667 shares of common stock.


As of March 30, 2020, there were approximately 324 holders of the Company's common stock.


No cash dividends have been paid by the Company on any of its securities since the renewal of its charter and such cash dividends are not contemplated in the foreseeable future.


ITEM 6. SELECTED FINANCIAL DATA


Not applicable.


ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


The following discussion and analysis should be read in conjunction with the Audited Financial Statements and related notes included elsewhere in this 10-K. The following discussion includes certain forward-looking statements. For a discussion of important factors which could cause actual results to differ materially from the results referred to in the forward-looking statements, see “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements”.


Recent Highlights of Evolutionary Genomics


·

During 2013, Evolutionary Genomics received results from our contracted independent lab at UW confirming that Evolutionary Genomics gene, EG261, has a significant impact on resistance to soybean cyst nematodes.

 

·

During 2019, we identified our FusR1 gene in bananas for disease resistance and filed a patent application.


·

During 2020, WCIC completed a project for the Company to transform soybean plants using our EG261 and EG19 genes and to develop resulting plants through generation T2 seeds.


·

During 2020, we entered into the DCA with Dole and a Research Agreement with WCIC for the development of the FusR1 gene and banana plants that are resistant to Panama Disease.


Consolidated Results of Operations:


 

 

Twelve Months Ended December 31,

 

 

 

2020

 

 

2019

 

 

 

Amount

 

 

Percent of Revenue

 

 

Amount

 

 

Percent of Revenue

 

Grant revenue

 

$

12,500

 

 

 

100.0

%

 

$

122,686

 

 

 

100.0

%

Research and development

 

 

1,793,145

 

 

 

14345.2

%

 

 

472,613

 

 

 

385.2

%

Salaries and benefits

 

 

495,518

 

 

 

3964.1

%

 

 

205,828

 

 

 

167.8

%

General and administrative

 

 

603,632

 

 

 

4829.1

%

 

 

219,070

 

 

 

178.6

%

Total operating expenses

 

 

2,892,295

 

 

 

23138.4

%

 

 

897,511

 

 

 

731.6

%

Operating loss

 

 

(2,879,795

)

 

 

-23038.4

%

 

 

(774,825

)

 

 

-631.6

%

Other income and (expenses)

 

 

180,559

 

 

 

1444.5

%

 

 

13,592

 

 

 

11.1

%

Income Taxes

 

 

987,353

 

 

 

7898.8

%

 

 

(31,907

)

 

 

-26.0

%

Net loss

 

$

(1,711,883

)

 

 

-13695.1

%

 

$

(793,140

)

 

 

-646.5

%

Preferred stock dividend

 

 

(285,567

)

 

 

-2284.5

%

 

 

(269,379

)

 

 

-219.6

%

Net loss attributable to common stockholders

 

$

(1,997,450

)

 

 

-15979.6

%

 

$

(1,062,519

)

 

 

-866.0

%




16



 


Grant Revenue


Grant revenue decreased $110,186, or 89.8%, to $12,500 for the year ended December 31, 2020 from $122,686 for the year ended December 31, 2019. The decrease was primarily due to the decrease in revenue received from the State of Colorado grant which was completed in the first quarter of 2020.


Operating Expenses


Operating expenses increased $1,741,792, or 194.1%, to $2,639,303 for the year ended December 31, 2020 from $897,511 for the year ended December 31, 2019. Operating expenses consist of research and development expense, salaries and benefits and general and administrative expense. Changes in these items are described below.


Research and Development


Research and development increased $1,320,532, or 279.4%, to $1,793,145 for the year ended December 31, 2020 from $472,613 for the year ended December 31, 2019. The increase was primarily due to increased costs incurred on our research agreement with UW for the development of our FusR1 banana gene. Under the terms of our Development and Commercialization Agreement with Dole Food Company, Dole provides funding for our banana project expenses at the University of Wisconsin in the form of notes payable.


Salaries and Benefits


Salaries and benefits increased $289,690, or 140.7%, to $495,518 for the year ended December 31, 2020 from $205,828 for the year ended December 31, 2019. The increase was due to bonuses paid in the year ended December 31, 2020 and increased stock compensation costs.


General and Administrative


General and administrative expenses increased $384,562, or 175.5%, to $603,632 for the year ended December 31, 2020 from $219,070 for the year ended December 31, 2019. The increase was primarily due to amortization of our intangible asset which began in the year ended December 31, 2020.


Other Income and (Expenses)


Total other income and (expenses) increased $166,967, or 1228.4%, to $180,559 for the year ended December 31, 2020 from $13,592 for the year ended December 31, 2019. The increase was primarily due to increases in the value of our investments and forgiveness of our Small Business Administration Payroll Protection Program loan (“PPP”).


Income Taxes


Income tax benefit increased $1,019,260 to $987,353 for the year ended December 31, 2020 from income tax expense of $31,907 for the year ended December 31, 2019.  The increase was the result of placing the in progress research and development into service and the asset now having a finite life.


Net Loss


Net loss increased $918,743, or 115.8%, to $1,711,883 for the year ended December 31, 2020 from $793,140 for the year ended December 31, 2019. The increase was primarily due to increased costs incurred on our research agreement with the University of Wisconsin for the development of our FusR1 banana gene, increased costs for the amortization of our intangible asset and increased bonuses and stock compensation costs partially offset by the income tax benefit, PPP loan forgiveness and gains on investments.


Financial Condition


The Company’s working capital increased $175,681 to $274,429 as of December 31, 2020 from $98,748 as of December 31, 2019 primarily due to proceeds from notes payable from Dole, PPP loan and Economic Injury Disaster Loan (“EIDL”) and sale of our investments partially offset by the net loss from operations, increases in prepaid expenses and decreases in accounts payable and accrued expenses.




17



 


Liquidity and Capital Resources


The Company has historically financed operations through cash flows from operations and equity transactions. Net cash used in operating activities was $2,297,317 for the year ended December 31, 2020 compared to $625,980 for the year ended December 31, 2019. The $1,597,069, or 255.1%, increase was primarily due to the increased net operating loss.  Net cash provided from the sale of investments was $147,613 for the year ended December 31, 2020 compared to $0 for the year ended December 31, 2019. Net cash provided from financing activities was $2,245,831 from notes payable from Dole, PPP loan and EIDL in the year ended December 31, 2020 compared to $540,015 from preferred stock issuances for the year ended December 31, 2019.


As of December 31, 2020, the Company had $215,836 in bank accounts and during 2020 used $2,297,317 of cash in operations.  The Company’s current projections for 2021 requires cash of $1,351,436.  These factors raise substantial doubt as to the Company’s ability to continue as a going concern.  


To address these factors, management believes that it will secure additional funding to meet prospective cash requirements.  Management believes the Company’s existing cash balances along with funding from our agreement with Dole, prospective funding from marketing additional genes, and additional contributions from our largest shareholder will provide the necessary liquidity to meet our obligations as they come due over the next year. We expect that the funding from these sources will be more than enough to cover our obligations for the next twelve months.  However, if the funding does not arrive, the Company may not be able to meet its obligations as they become due.


Off-Balance Sheet Arrangements


The Company has no off-balance sheet arrangements that have a material current effect, or that are reasonably likely to have a material future effect, on its financial condition, changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures, or capital resources.


Contractual Obligations


The Company leases its operating facility on a month-to-month basis, with monthly rental installments of $2,378. The Company’s rent expense for the years ended December 31, 2020 and 2019 was $28,535.


Critical Accounting Policies


For a review of our critical accounting policies, please refer to our audited financial statements.


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK


Not applicable.


ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA


The information required by this item appears beginning on page F-1 following the signature pages of this report and is incorporated herein by reference.


ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE


There are no disagreements with the accountants on accounting and financial disclosures.




18



 


ITEM 9A. CONTROLS AND PROCEDURES


Evaluation of disclosure controls and procedures


Under the supervision and with the participation of the Company’s management, including the principal executive officer and principal financial officer, as of the end of the period covered by this report, the Company conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Our disclosure controls and procedures are designed to provide reasonable assurance that the information required to be included in our reports to the Securities and Exchange Commission is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and to provide reasonable assurance that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our principal executive officer and principal financial officer concluded that, as of the period covered by this report, our disclosure controls and procedures are not effective at these reasonable assurance levels for the reasons stated below.


The Company’s internal control system is designed to provide reasonable cost-effective assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. There is no assurance that our disclosure controls or our internal controls over financial reporting can prevent all errors. An internal control system, no matter how well designed and operated, has inherent limitations, including the possibility of human error. Because of the inherent limitations in a cost-effective control system, misstatements due to error may occur and not be detected. We monitor our disclosure controls and internal controls and make modifications as we believe appropriate given our financial resources and limited level of activities. Our intent in this regard is that our disclosure controls and our internal controls will improve as systems change and conditions warrant.


Management’s Annual Report on Internal Control over Financial Reporting


The Company’s management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Therefore, even those systems determined to be effective can provide only reasonable assurance of achieving their control objectives. Furthermore, smaller reporting companies such as the Company face additional limitations. Smaller reporting companies employ fewer individuals and find it difficult to properly segregate duties. Often, one or two individuals control every aspect of our operation and are in a position to override any system of internal control. Additionally, smaller reporting companies tend to utilize general accounting software packages that lack a rigorous set of software controls.


Our management, with the participation of the Chief Executive Officer, evaluated the effectiveness of our internal control over financial reporting as of December 31, 2020. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control — 2013 Integrated Framework. Based on this evaluation, our management, with the participation of the President, concluded that, as of December 31, 2020, our internal control over financial reporting was not effective due to the material weaknesses in the system of internal control described below.


Specifically, management identified the following control deficiencies: (1) the Company has not properly segregated duties as one or two individuals initiate, authorize, and complete all transactions. The Company has not implemented measures that would prevent the individuals from overriding the internal control system. The Company does not believe that this control deficiency has resulted in deficient financial reporting because the Chief Financial Officer is aware of his responsibilities under the SEC’s reporting requirements and personally certifies the financial reports. (2) The Company has installed accounting software that does not prevent erroneous or unauthorized changes to previous reporting periods and does not provide an adequate audit trail of entries made in the accounting software. (3) Due to the size of the Company and limited personnel, the Company has not hired an individual with technical accounting expertise within the accounting function.




19



 


Accordingly, while the Company has identified certain material weaknesses in its system of internal control over financial reporting, it believes that it has taken reasonable cost-effective steps to ascertain that the financial information contained in this report is in accordance with generally accepted accounting principles. Management has determined that current resources would be appropriately applied elsewhere and when resources permit, they will alleviate material weaknesses through various steps.


Changes in internal controls


Our Certifying Officers have indicated that there were no changes in our internal controls over financial reporting or other factors that could significantly affect such controls subsequent to the date of his evaluation, and there were no such control actions with regard to significant deficiencies and material weaknesses.


ITEM 9B. OTHER INFORMATION


None.





20



 


PART III.


ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE


Officers and Directors


The following table sets forth certain information concerning each of the Company’s directors and executive officers:


Name

 

Age

 

Position

Steve B. Warnecke

 

64

 

Chairman of the Board, President, CEO, CFO

Walter Messier

 

65

 

Treasurer, Secretary

Virginia Orndorff

 

70

 

Director

Mark Boggess

 

60

 

Director


Compliance with Section 16 (a) of the Exchange Act


Section 16(a) of the Exchange Act requires our officers, directors and persons who beneficially own more than ten percent of our ordinary shares to file reports of ownership and changes in ownership with the SEC. These reporting persons are also required to furnish us with copies of all Section 16(a) forms they file. Based solely upon a review of such Forms, we believe that during the year ended December 31, 2020 there were no delinquent filers.


Code of Conduct


Committees


We have not formed an Audit Committee, Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this report. Our Board of Directors performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our Board of Directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit committee financial expert at this time. However, we intend to implement a comprehensive corporate governance program, including establishing various board committees in the future.


There are no agreements or understandings for any officer or director to resign at the request of another person and none of the above named officers and directors are acting on behalf of or will act at the direction of any other person.


There is no family relationship between any director or executive officer of the Company.


The board of directors presently has no committees.


Set forth below are the names of all directors and executive officers of the Company, all positions and offices with the Company held by each such person, the period during which he has served as such, and the business experience of such persons during at least the last five years:


Steve B. Warnecke was appointed Chief Financial Officer, Treasurer, Secretary and member of the board of directors of the Company on June 6, 2014, and became its principal executive officer as President, Chief Executive Officer and Chairman of the Board on October 1, 2014. Mr. Warnecke has served as a member of the board of directors of Evolutionary Genomics since September 2010 and was appointed as Chief Executive Officer in November 2010. Mr. Warnecke has served part-time roles as Chairman of the Board of Directors and Chief Financial Officer for VetDC, Inc. since November 2012, President of CereScan Corp from November 2016 to August 2018 and Chairman of the Pink Lightning Foundation (supporting Children’s Hospitals and cystic fibrosis research) since November 2011. He has also served as Senior Vice-President of Children’s Hospital Colorado Foundation from 2003 through January 2017 and been a member of the Board of Directors of CereScan from 2014 to 2019. Previously, Mr. Warnecke served as Lead Independent Director and Audit Committee Chair for Evolving Systems, Inc. (NASDAQ: EVOL, an international telecom software company) from 2003 to 2011, as Chief Financial Officer of Targeted Medical Pharma, Inc. in 2011, as Chief Financial Officer and member of the Board of Directors for Bacterin International, Inc. (NASDAQ: BONE), a biologics and medical device company from 2008 to 2010, member of the Board of Directors of Emmaus Life Sciences, Inc. in 2011, member of the Board of Directors of Boppy Company from 2005 to 2008, Senior Vice-President of Strategic Planning for First Data/Western Union (NYSE: FDC) from 2001 to 2002 and Chief Financial Officer for Frontier Airlines (former NASDAQ company acquired by Republic Airways) from 1999 to 2001. Mr. Warnecke graduated from the University of Iowa with a BBA in Accounting, Finance and Management and passed the Certified Public Accountant exam in 1979.



21



 


Virginia Orndorff was appointed as a director of the Company on October 1, 2014. She has served as a member of the Evolutionary Genomics board of directors since 2000. From February 2015 to the present, Ms. Orndorff has served as Executive Director, Chief Executive Officer and Director of the Colorado Institute for Drug, Device and Diagnostic Development. Since February 2012 Ms. Orndorff has served as Chief Executive Officer of SixOne Solutions, LLC, an early-stage oncology company. She has served on Colorado’s State Board of Pharmacy since March 2012. She served as Chief Executive Officer and President of Evolutionary Genomics from 2000 to November 2010. From 1997 to 2000, Ms. Orndorff served as Vice President then President and Chief Executive Officer of GenoPlex, Inc. of Denver and served as Director of Technology/Business Development of NeXstar Pharmaceuticals, Inc. of Boulder, Colorado, from 1993 to 1997. From 1989 to 1993 she served as the Director of Biotechnology Programs for the Colorado Advanced Technology Institute in Denver. Ms. Orndorff was employed by the Georgia Institute of Technology as Manager of a biotechnology start-up incubator (the Health Science Technology Center) from 1987 to 1989; prior to that for eight years by Genex Corporation of Gaithersburg, Maryland, first as a Laboratory Supervisor then as Manager of Technology Assessment. From 1975 to 1979, Ms. Orndorff had served as a Microbiologist at Stanford Research Institute. She received a BA in Biology from the University of California at Santa Cruz, an MA in Microbiology from California State University at San Jose, and an MBA from Loyola College (where she graduated second in her class).


Mark Boggess, Ph.D. was appointed as a director of the Company on October 1, 2014. He has served as a director of Evolutionary Genomics since 2010. Dr. Boggess has a diverse background in the animal sciences and animal industries. Born and raised on a typical Iowa farm, he served as a swine and beef cattle extension specialist with the University of Idaho in Twin Falls from 1990 to 1994 he was responsible for all swine extension and educational programming and served as the animal breeding resource specialist for the University beef extension team. From 1994 to 2004, Dr. Boggess served as President of Salmon Creek Farms, LLC where he was responsible for development of the Salmon Creek Farms Natural Pork program and branded product line, at Independent Meat Company in Twin Falls, ID. From 2004 to 2009, Dr. Boggess assumed the position of Director of Animal Science for the National Pork Board where he was responsible for program direction and industry funding coordination for research in pork quality; nutritional efficiency; sow lifetime productivity; genomics-genetics; alternatives to antimicrobials; production-management systems and bio-technology. Dr. Boggess also served as the National Pork Board liaison for animal science to producers, academia, media, regulators and the National Pork Producers Council and directed numerous pork industry based advisory groups. From 2009 to 2014, Dr. Boggess served as the National Program Leader for Food Animal Production and the National Program Leader for Pasture, Forage and Rangeland Systems for the USDA Agriculture Research Service in Beltsville, Maryland. In this role, Dr. Boggess directed ARS research for diverse programs in genetics and genomics, nutrition, reproductive physiology, animal welfare and meat quality. Dr. Boggess also directed research to improve pasture and rangeland management practices and land-use strategies, improve and restore the ecology of western rangelands and improve the capacity and efficiency of forage-based food animal production systems. Currently, Dr. Boggess serves as the Director of the U.S. Dairy Forage Research Center in Madison, WI. The USDFRC is unique in the world in that research programs are fully integrated and include research and expertise in soil science/ecology, forage breeding and management, forage handling and environmental engineering, animal nutrition, animal genetics/genomics, nutrient cycling/waste management, and dairy systems sustainability and management. In this role Dr. Boggess manages and directs the research programs for 21 scientists and approximately 75 support staff. The USDFRC includes two research farms in rural Wisconsin as well as offices and laboratories on the campus of the University of Wisconsin. Dr. Boggess attended Iowa State University receiving a BS degree in Animal Science in 1983. After receiving an MS degree from Cornell University with a major in Animal Breeding in 1985, Dr. Boggess returned to Iowa State University, receiving his PhD in 1990, also in Animal Breeding.


Walter Messier, Ph.D. was appointed Secretary and Treasurer of the Company on October 1, 2014. He is a Founder of Evolutionary Genomics and has served as its Chief Technology Officer since 2000 and has served as its Secretary since 2007. Dr. Messier has published in such prestigious scientific journals as Nature, Nature Medicine, Current Biology, and Science. Dr. Messier is recognized as an authority on the use and interpretation of Ka/Ks algorithms. Dr. Messier’s research on the detection of molecular-level positive selection in the primates is well known. In addition to the research programs Dr. Messier developed and spearheads at Evolutionary Genomics, he is currently collaborating with colleagues in several areas, including identification and validation of novel targets for breast cancer therapeutics, identification and validation of novel targets for HIV/AIDS therapeutics, the role of molecular Darwinian selection in human speciation, and creation of more powerful algorithms for the detection of molecular Darwinian selection. Dr. Messier received his Masters of Science from the State University of New York at New Paltz, and his Ph.D. from the University of Albany (State University of New York).




22



 


CONFLICTS OF INTEREST


The Company’s officers and directors have in the past and may in the future be officers and directors of other companies. Consequently, they may have potential inherent conflicts of interest in serving as officers and directors of the Company. Insofar as the officers and directors are engaged in other business activities, management anticipates it will not devote all of its time to the Company’s affairs. The officers and directors of the Company may in the future become shareholders, officers or directors of other companies which may be formed for the purpose of engaging in business activities similar to those conducted by the Company. The Company does not currently have a right of first refusal pertaining to opportunities that come to management’s attention even if the opportunities relate to the Company’s proposed business operations.


The officers and directors are under no obligation to make any opportunities that come to their attention in the performance of their duties for any other companies or in any other manner available to the Company. Except as set forth above, the Company has not adopted any other conflict of interest policy with respect to such transactions.


ITEM 11.  EXECUTIVE COMPENSATION


The following table summarizes compensation of our executive officers:


 

 

 

 

 

 

 

 

 

 

 

Option

 

 

 

 

 

 

 

Name and Position

 

Year

 

 

Salary

 

 

Bonus

 

 

Awards

 

 

Other

 

 

Total

 

Steve B. Warnecke

 

 

2020

 

 

$

150,000

 

 

$

50,000

 

 

$

 

 

$

10,000

 

 

$

210,000

 

Chief Executive Officer

 

 

2019

 

 

$

150,000

 

 

$

 

 

$

151,846

 

 

$

10,000

 

 

$

311,846

 

Chairman of the Board

 

 

2018

 

 

$

150,000

 

 

$

 

 

$

 

 

$

10,000

 

 

$

160,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Walter Messier

 

 

2020

 

 

$

150,000

 

 

$

50,800

 

 

$

 

 

$

 

 

$

200,800

 

Chief Technology Officer

 

 

2019

 

 

$

150,000

 

 

$

 

 

$

310,598

 

 

$

 

 

$

460,598

 

Secretary

 

 

2018

 

 

$

150,000

 

 

$

 

 

$

 

 

$

 

 

$

150,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Virginia Orndorff

 

 

2020

 

 

$

 

 

$

 

 

$

 

 

$

10,000

 

 

$

10,000

 

Director

 

 

2019

 

 

$

 

 

$

 

 

$

46,890

 

 

$

10,000

 

 

$

56,890

 

 

 

 

2018

 

 

$

 

 

$

 

 

$

 

 

$

10,000

 

 

$

10,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark Boggess

 

 

2020

 

 

$

 

 

$

 

 

$

 

 

$

10,000

 

 

$

10,000

 

Director

 

 

2019

 

 

$

 

 

$

 

 

$

46,590

 

 

$

10,000

 

 

$

56,590

 

 

 

 

2018

 

 

$

 

 

$

 

 

$

 

 

$

10,000

 

 

$

10,000

 


The Company had no employment agreements as of December 31, 2020 and paid $10,000 in cash compensation to each to its directors during the years ended December 31, 2020 and 2019. During the year ended December 31, 2019, Evolutionary Genomics issued option grants for 15,000 shares each to Virginia Orndorff and Mark Boggess, 300,000 shares to Walter Messier and 150,000 shares to Steve Warnecke. The amounts reported under “Option Awards” in the above table reflect the grant date fair value of these awards as determined in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification Topic 718, Compensation – Stock Compensation, rather than amounts paid to or realized by the named individual.  The value of the option awards was estimated using the Black-Scholes option pricing model.  The valuation assumptions used in the valuation of options granted may be found in the Notes to our financial statements included in this annual report on Form 10-K.




23



 


ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS


Principal Stockholders


The following table sets forth certain information as of December 31, 2020 regarding the beneficial ownership of the Company’s common stock by (i) each stockholder known by the Company to be the beneficial owner of more than 5% of our common stock, (ii) by each director and executive officer of the Company and (iii) by all executive officers and directors of the Company as a group. Each of the persons named in the table has sole voting and investment power with respect to common stock beneficially owned. The percentage ownership is the number of shares of common stock owned compared to the combined number of shares of common and preferred stock outstanding. None of the officers or directors own any shares of preferred stock.


 

 

Number of

 

 

Percentage

 

 

 

Shares Owned

 

 

of Shares

 

Name and Address

 

or Controlled

 

 

Owned

 

 

 

 

 

 

 

 

Steve B. Warnecke

 

 

1,902,088

(1)

 

 

29.45

%

1026 Anaconda Drive

 

 

 

 

 

 

 

 

Castle Rock, CO  80108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Virginia Orndorff

 

 

119,204

(2)

 

 

1.85

%

1026 Anaconda Drive

 

 

 

 

 

 

 

 

Castle Rock, CO  80108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mark Boggess

 

 

26,000

(3)

 

 

0.40

%

1026 Anaconda Drive

 

 

 

 

 

 

 

 

Castle Rock, CO  80108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Walter Messier

 

 

160,615

(4)

 

 

2.49

%

1026 Anaconda Drive

 

 

 

 

 

 

 

 

Castle Rock, CO  80108

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All Officers and Directors as a Group

 

 

2,207,907

 

 

 

34.18

%

———————

(1)

Mr. Warnecke is Chief Executive Officer and Chairman of the Board of the Company.  Mr. Warnecke holds options for 66,667 shares exercisable at $.55 per share, 100,000 shares exercisable at $3.30 per share and 150,000 shares exercisable at $1.65 per share.

(2)

Ms. Orndorff is a Director of the Company.  Ms. Orndorff holds options for 20,000 shares exercisable at $.55 per share, 15,000 shares exercisable at $3.00 per share and 45,000 shares exercisable at $1.50 per share.

(3)

Mark Boggess is a Director of the Company.  Mr. Boggess holds options for 15,000 shares exercisable at $3.00 per share and 45,000 shares exercisable at $1.50 per share.

(4)

Dr. Messier is the Company’s Treasurer and Secretary.  Dr. Messier holds options for 100,000 shares exercisable at $.55 per share, 100,000 shares exercisable at $3.00 per share and 300,000 shares exercisable at $1.50 per share..


ITEMS 13. CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE


We maintain a mailing address at the offices of our president, Steve B. Warnecke, located at 1026 Anaconda Drive, Castle Rock, CO 80108 for which we pay no rent. There have been no transactions or proposed transactions in which the amount involved exceeds $120,000 for the last two completed fiscal years in which any of our directors, executive officers of beneficial holders of more than 5% of the outstanding shares of common stock, or any of their respective relatives, spouses, associates or affiliates has had or will have any direct or material indirect interest.




24



 


ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES


Audit Fees


The aggregate fees billed during the years ended December 31, 2020 and 2019 for professional services rendered by our principal accountant, Plante & Moran PLLC for the audit of our annual financial statements and quarterly reviews were $42,000 and $42,569, respectively.


Audit Related Fees


The Company incurred no fees for the years ended December 31, 2020 and 2019 for audit related services by our principal accountant that were reasonably related to the performance of the audit or review of our financial statements, and not reported under Audit Fees above.


Tax Fees


For the years ended December 31, 2020 and 2019, there were no fees for professional services rendered by our principal accountant for tax preparation.


All Other Fees


We did not incur any fees for other professional services rendered by our principal accountant during the fiscal years ended December 31, 2020 and 2019.






25



 


PART IV.


ITEM 15. EXHIBITS AND FINANCIAL STATEMENTS SCHEDULES


(a)

The following Exhibits are filed as part of this registration statement unless otherwise indicated:


 

 

 

 

 

Incorporated by Reference

 

Exhibit No.

 

Description

 

 

Form

 

Date

 

 

Number

 

2.1

 

Amended and Restated Agreement and Plan of Merger, dated as of March 2, 2015, by and among Fona, Inc., Evolutionary Genomics, Inc., EG I, LLC, Fona Merger Sub, Inc. and Fona Merger Sub, LLC

 

 

10-K

 

3/5/2015

 

 

10.1

 

3.1

 

Form of Amended and Restated Articles of Incorporation

 

 

8-K

 

10/23/2015

 

 

3.1

 

3.2

 

Bylaws of the Company

 

 

10

 

9/23/2010

 

 

3.2

 

3.3

 

Certificate of Designations, Preferences and Rights of Series A-1 Preferred Stock

 

 

8-K

 

2/25/2016

 

 

3.1

 

3.4

 

Certificate of Designations, Preferences and Rights of Series A-2 Preferred Stock

 

 

10-K

 

3/30/20

 

 

3.4

 

4.1

 

Specimen Stock Certificate

 

 

8-K

 

10/23/2015

 

 

4.1

 

10.1

 

Equity Incentive Plan

 

 

S-4

 

4/2/2015

 

 

10.1

 

10.2

 

Tennessee State University Agreement

 

 

S-4/A

 

7/2/2015

 

 

10.2

 

10.3

 

Tennessee State University Amendment

 

 

S-4/A

 

7/2/2015

 

 

10.3

 

10.4

 

Fee for Services Agreement University of Missouri

 

 

S-4/A

 

7/2/2015

 

 

10.4

 

10.5

 

Contract for Services University of Missouri

 

 

S-4/A

 

7/2/2015

 

 

10.5

 

10.6

 

Bill and Melinda Gates Foundation MSA

 

 

S-4/A

 

7/2/2015

 

 

10.6

 

10.7

 

Bill and Melinda Gates Foundation WO 1

 

 

S-4/A

 

7/2/2015

 

 

10.7

 

10.8

 

State of Colorado Grant Agreement

 

 

10-K

 

2/19/2016

 

 

10.8

 

10.9

 

Amendment 1 to the UM Nguyen Sponsored Research Contract

 

 

10-K

 

2/10/2017

 

 

10.9

 

10.10

 

Amendment 2 to the UM Zhang Sponsored Research Contract

 

 

10-K

 

2/10/2017

 

 

10.10

 

10.11

 

Wisconsin Crop Innovation Center Service Agreement and Amendment

 

 

10-K

 

4/1/2019

 

 

10.11

 

10.12

 

State of Colorado Grant Agreement

 

 

10-K

 

4/1/2019

 

 

10.12

 

10.13

 

Notice of Termination–Sponsored Research Agreement

 

 

10-K

 

3/30/2020

 

 

10.13

 

10.14

 

Development and Commercialization Agreement, dated August 19, 2020, by and between EG Crop Science, Inc. and Dole Food Company, Inc.

 

 

10-Q

 

11/13/2020

 

 

10.1

 

10.15

 

Standard Research Agreement, dated September 15, 2020, by and between the Board of Regents of the University of Wisconsin System on behalf of the University of Wisconsin-Madison and EG Crop Science, Inc.

 

 

10-Q

 

11/13/2020

 

 

10.2

 

21.1

 

Subsidiaries of Evolutionary Genomics, Inc.

 

 

10-K

 

3/5/2018

 

 

21.1

 

31.1

 

Certification of the Company’s Chief Executive Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

 

 

 

 

 

 

31.2

 

Certification of the Company’s Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

 

 

 

 

 

 

32.1

 

Certification of the Company’s Chief Executive Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

 

 

 

 

 

 

 

 

32.2

 

Certification of the Company’s Chief Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

 

 

 

 

 

 

 

 

101.INS

 

XBRL Instance Document

 

 

 

 

 

 

 

 

 

101.SCH

 

XBRL Taxonomy Extension Schema Document

 

 

 

 

 

 

 

 

 

101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase Document

 

 

 

 

 

 

 

 

 

101.DEF

 

XBRL Taxonomy Extension Definition Linkbase Document

 

 

 

 

 

 

 

 

 

101.LAB

 

XBRL Taxonomy Extension Label Linkbase Document

 

 

 

 

 

 

 

 

 

101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase Document

 

 

 

 

 

 

 

 

 




26



 



SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Castle Rock, State of Colorado on March 31, 2021.


 

EVOLUTIONARY GENOMICS, INC.

 

 

 

March 31, 2021

By:

/s/ Steve B. Warnecke

 

Name:

Steve B. Warnecke

 

Title:

Chief Executive Officer, Chief Financial Officer, President and Chairman of the Board


Pursuant to the requirements of the Securities Act of 1934, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


Signature

 

Title

 

Date

 

 

 

 

 

/s/ Steve B. Warnecke

    

President, Chief Executive Officer, Chief Financial Officer, Director (Principal Executive Officer, Principal Financial/Accounting Officer)

    

March 31, 2021

Steve B. Warnecke

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Virginia Orndorff

 

Director

 

March 31, 2021

Virginia Orndorff

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Mark Boggess

 

Director

 

March 31, 2021

Mark Boggess

 

 

 

 






27



 


Evolutionary Genomics, Inc. and Subsidiary

Consolidated Financial Statements

December 31, 2020 and 2019






Contents



Report of Independent Registered Public Accounting Firm

F-2

 

 

Consolidated Balance Sheets

F-3

 

 

Consolidated Statements of Operations

F-4

 

 

Consolidated Statement of Stockholders’ Deficit

F-5

 

 

Consolidated Statements of Cash Flows

F-6

 

 

Notes to Consolidated Financial Statements

F-7











F-1



 


Report of Independent Registered Public Accounting Firm


To the Stockholders and Board of Directors of Evolutionary Genomics, Inc. and Subsidiary


Opinion on the Financial Statements


We have audited the accompanying consolidated balance sheets of Evolutionary Genomics, Inc. and subsidiary (the “Company”) as of December 31, 2020 and 2019, the related consolidated statements of operations, stockholders' equity, and cash flows for the years ended December 31, 2020 and 2019, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2020 and 2019, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.


Basis for Opinion


The Company's management is responsible for these financial statements. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.


We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.


Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.


Critical Audit Matters


The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.


Controls and Procedures – Material Weakness – Refer to Item 9A to the form 10-K


Critical Audit Matter Description


Management has identified the following control deficiencies: (1) the Company has not properly segregated duties as one or two individuals initiate, authorize, and complete all transactions. The Company has not implemented measures that would prevent the individuals from overriding the internal control system. (2) The Company uses accounting software that neither prevent erroneous or unauthorized changes to previous reporting periods or provide an adequate audit trail of entries made in the accounting software. (3) Due to the size of the Company and limited personnel, the Company has not hired an individual with the appropriate level of knowledge, experience and training in financial reporting.


Given these deficiencies in the lack of proper segregation of duties, weakness within accounting software, and lack of technical accounting expertise which have a pervasive impact to all financial account balances and disclosures, a significant change in our audit plan was required with an increase in audit effort.




F-2



 


How the Critical Audit Matter Was Addressed in the Audit


Our audit procedures related to mitigating the risks of the internal control deficiencies include the following:


·

Performed a primarily substantive audit over significant account balances and disclosures. Utilized original source documents for audit evidence, rather than system reports or other information.


·

Performed additional procedures to mitigate any increased fraud risks, including:


1) lowered the threshold for investigating differences between recorded amounts and independent expectations developed by us that we would have otherwise used,

2) increased the number of selections we would have otherwise made if the Company’s controls were designed and operating effectively,

3) for technical accounting related matters, we consulted with our firm’s subject matter experts on complex and/or judgmental accounting matters,

4) utilized experienced staff on the engagement team and emphasized on heightened fraud risks with the team members, and

5) performed procedures in verifying the accuracy and completeness for disbursements transactions, inclusive of any potential related party considerations.


Dole Contract and Intangible Assets – Refer to Note 2, 6, and 8


Critical Audit Matter Description


On August 19, 2020, the Company entered into a Development and Commercialization Agreement (DCA) with Dole Food Company (Dole) for the development of their banana genes which provides for payments to the Company for both working capital and reimbursement of costs incurred under a research and development agreement.  


The DCA was evaluated under both ASC 808, Collaborative Arrangements, and ASC 606, Revenue from Contracts with Customers, to determine the proper accounting model.  


How the Critical Audit Matter Was Addressed in the Audit


Our audit procedures related to the DCA include the following:


·

Gained an understanding of the Company’s internal control over financial reporting to identify the types of potential misstatement, assessed the factors that affect the risks of material misstatement, and designed further audit procedures.

·

Obtained management’s analysis of the DCA which was prepared by a third-party specialist.  

·

Reviewed the related contracts and assessed managements application of the appropriate accounting guidance in their evaluation.

·

Involved an internal technical accounting specialist to evaluate alternative views and any contrary or corroborative evidence associated with management’s evaluation.



We have served as the Company’s auditor since 2014.


/s/   Plante & Moran, PLLC



Denver, Colorado

March 31, 2021






F-3



 


Evolutionary Genomics, Inc. and Subsidiary

Consolidated Balance Sheets

December 31, 2020 and 2019

 

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Cash

 

$

215,836

 

 

$

45,441

 

Accounts receivable

 

 

 

 

 

6,845

 

Investments

 

 

 

 

 

41,694

 

Prepaid expenses

 

 

61,757

 

 

 

24,183

 

Total current assets

 

 

277,593

 

 

 

118,163

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

 

 

 

 

 

Property and equipment, net

 

 

50,763

 

 

 

88,882

 

Intangible assets, net

 

 

3,664,343

 

 

 

4,035,592

 

Total non-current assets

 

 

3,715,106

 

 

 

4,124,474

 

Total assets

 

$

3,992,699

 

 

$

4,242,637

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS'  (DEFICIT) EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$

3,164

 

 

$

19,415

 

Total current liabilities

 

 

3,164

 

 

 

19,415

 

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

 

Notes payable

 

 

2,245,831

 

 

 

 

Deferred tax liability

 

 

 

 

 

987,353

 

Total liabilities

 

 

2,248,995

 

 

 

1,006,768

 

Commitments and contingencies

 

 

 

 

 

 

 

 

Preferred Stock subject to possible redemption, $0.001 par value,

 

 

 

 

 

 

 

 

20,000,000 authorized at December 31, 2020 and 2019

 

 

 

 

 

 

 

 

Series A-1 Convertible Preferred Stock, $0.001 par value; 600,000

 

 

 

 

 

 

 

 

shares authorized, 577,063 shares issued and outstanding at

 

 

 

 

 

 

 

 

December 31, 2020 and 2019; liquidation

 

 

 

 

 

 

 

 

preference at December 31, 2020 of $4,222,606

 

 

3,029,579

 

 

 

3,029,579

 

Series A-2 Convertible Preferred Stock, $0.001 par value; 200,000

 

 

 

 

 

 

 

 

shares authorized, 102,860 shares issued and outstanding at December 31,

 

 

 

 

 

 

 

 

2020 and 2019; liquidation preference at December 31, 2020 of $583,216

 

 

540,015

 

 

 

540,015

 

Total preferred stock subject to possible redemption

 

 

3,569,594

 

 

 

3,569,594

 

Stockholders' equity

 

 

 

 

 

 

 

 

Preferred Stock

 

 

1,236,228

 

 

 

950,661

 

Common Stock, $0.001 par value; 780,000,000 shares authorized,

 

 

 

 

 

 

 

 

5,881,898 shares issued and outstanding at December 31, 2020 and 2019

 

 

5,882

 

 

 

5,882

 

Additional paid-in capital

 

 

12,015,552

 

 

 

12,081,401

 

Accumulated deficit

 

 

(15,083,552

)

 

 

(13,371,669

)

Total stockholders' (deficit) equity

 

 

(1,825,890

)

 

 

(333,725

)

Total liabilities and stockholders' (deficit) equity

 

$

3,992,699

 

 

$

4,242,637

 



See notes to consolidated financial statements



F-4



 



Evolutionary Genomics, Inc. and Subsidiary

Consolidated Statements of Operations

For the years ended December 31, 2020 and 2019


 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Grant revenue

 

$

12,500

 

 

$

122,686

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

Research and development

 

 

1,793,145

 

 

 

472,613

 

Salaries and benefits

 

 

495,518

 

 

 

205,828

 

General and administrative

 

 

603,632

 

 

 

219,070

 

Total operating expenses

 

 

2,892,295

 

 

 

897,511

 

 

 

 

 

 

 

 

 

 

Operating loss

 

 

(2,879,795

)

 

 

(774,825

)

 

 

 

 

 

 

 

 

 

Other income (expenses):

 

 

 

 

 

 

 

 

Investment income

 

 

372

 

 

 

98

 

Loan forgiveness

 

 

74,268

 

 

 

 

Gain on investments

 

 

105,919

 

 

 

13,494

 

Total other income

 

 

180,559

 

 

 

13,592

 

Loss before income taxes

 

 

(2,699,236

)

 

 

(761,233

)

Income tax (expense) benefit

 

 

987,353

 

 

 

(31,907

)

Net loss

 

 

(1,711,883

)

 

 

(793,140

)

Preferred stock dividend

 

 

(285,567

)

 

 

(269,379

)

Net loss attributable to common stockholders

 

$

(1,997,450

)

 

$

(1,062,519

)

 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

 

$

(0.34

)

 

$

(0.18

)

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

5,881,898

 

 

 

5,881,898

 



See notes to consolidated financial statements




F-5



 


Evolutionary Genomics, Inc. and Subsidiary

Consolidated Statement of Stockholders' Deficit


 

 

Twelve Months Ended December 31, 2020

 

 

 

Common Stock

 

 

Preferred

 

 

Additional

 

 

Accumulated

 

 

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Dividend

 

 

Paid-In Capital

 

 

Deficit

 

 

(Deficit) Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

950,661

 

 

$

12,081,401

 

 

$

(13,371,669

)

 

$

(333,725

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

54,930

 

 

 

 

 

 

54,930

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,391

 

 

 

(71,391

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(241,816

)

 

 

(241,816

)

Balance, March 31, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,022,052

 

 

$

12,064,940

 

 

$

(13,613,485

)

 

$

(520,611

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

54,929

 

 

 

 

 

 

54,929

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(294,798

)

 

 

(294,798

)

Balance, June 30, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,093,444

 

 

$

12,048,477

 

 

$

(13,908,283

)

 

$

(760,480

)

Stock compensation

 

 

 

 

$

 

 

$

 

 

$

54,930

 

 

$

 

 

$

54,930

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

535,885

 

 

 

535,885

 

Balance, September 30, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,164,836

 

 

$

12,032,015

 

 

$

(13,372,398

)

 

$

(169,665

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

54,929

 

 

 

 

 

 

54,929

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,711,154

)

 

 

(1,711,154

)

Balance, December 31, 2020

 

 

5,881,898

 

 

$

5,882

 

 

$

1,236,228

 

 

$

12,015,552

 

 

$

(15,083,552

)

 

$

(1,825,890

)


 

 

Twelve Months Ended December 31, 2019

 

 

 

Common Stock

 

 

Preferred

 

 

Additional

 

 

Accumulated

 

 

Stockholders'

 

 

 

Shares

 

 

Amount

 

 

Dividend

 

 

Paid-In Capital

 

 

Deficit

 

 

(Deficit) Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2018

 

 

5,881,898

 

 

$

5,882

 

 

$

681,282

 

 

$

12,294,952

 

 

$

(12,578,529

)

 

$

403,587

 

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

17,278

 

 

 

 

 

 

17,278

 

Preferred stock dividends

 

 

 

 

 

 

 

 

60,591

 

 

 

(60,591

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(208,797

)

 

 

(208,797

)

Balance, March 31, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

741,873

 

 

$

12,251,639

 

 

$

(12,787,326

)

 

$

212,068

 

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

4,563

 

 

 

 

 

 

4,563

 

Preferred stock dividends

 

 

 

 

 

 

 

 

66,004

 

 

 

(66,004

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(189,363

)

 

 

(189,363

)

Balance, June 30, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

807,877

 

 

$

12,190,198

 

 

$

(12,976,689

)

 

$

27,268

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(162,873

)

 

 

(162,873

)

Balance, September 30, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

879,269

 

 

$

12,118,806

 

 

$

(13,139,562

)

 

$

(135,605

)

Stock compensation

 

 

 

 

 

 

 

 

 

 

 

33,987

 

 

 

 

 

 

33,987

 

Preferred stock dividends

 

 

 

 

 

 

 

 

71,392

 

 

 

(71,392

)

 

 

 

 

 

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(232,107

)

 

 

(232,107

)

Balance, December 31, 2019

 

 

5,881,898

 

 

$

5,882

 

 

$

950,661

 

 

$

12,081,401

 

 

$

(13,371,669

)

 

$

(333,725

)


See notes to consolidated financial statements



F-6





Evolutionary Genomics, Inc. and Subsidiary

Consolidated Statements of Cash Flows

For the years ended December 31, 2020 and 2019


 

 

2020

 

 

2019

 

Cash flows from operating activities:

 

 

 

 

 

 

 

 

Net loss

 

$

(1,711,883

)

 

$

(793,140

)

Adjustments to reconcile net loss to net cash flows from operating activities

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

409,368

 

 

 

40,721

 

Stock-based compensation

 

 

219,718

 

 

 

55,828

 

Gain on investments

 

 

(105,919

)

 

 

(13,494

)

PPP loan forgiveness

 

 

(74,268

)

 

 

 

 

Deferred income taxes

 

 

(987,353

)

 

 

31,907

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

Accounts receivable

 

 

6,845

 

 

 

33,594

 

Prepaid expenses

 

 

(37,574

)

 

 

(811

)

Accounts payable and accrued expenses

 

 

(16,251

)

 

 

19,415

 

Net cash used in operating activities

 

 

(2,297,317

)

 

 

(625,980

)

 

 

 

 

 

 

 

 

 

Cash flows from investing activities:

 

 

 

 

 

 

 

 

Proceeds from sale of investments

 

 

147,613

 

 

 

 

Net cash provided by investing activities

 

 

147,613

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities:

 

 

 

 

 

 

 

 

Proceeds from issuance of notes payable

 

 

2,095,831

 

 

 

 

Proceeds from EIDL and PPP loans

 

 

224,268

 

 

 

 

Proceeds from issuance of preferred stock

 

 

 

 

 

540,015

 

Net cash provided by financing activities

 

 

2,320,099

 

 

 

540,015

 

 

 

 

 

 

 

 

 

 

Net change in cash

 

 

170,395

 

 

 

(85,965

)

 

 

 

 

 

 

 

 

 

Cash, beginning of period

 

 

45,441

 

 

 

131,406

 

 

 

 

 

 

 

 

 

 

Cash, end of period

 

$

215,836

 

 

$

45,441

 

 

 

 

 

 

 

 

 

 

Supplemental cash flow information

 

 

 

 

 

 

 

 

Preferred stock dividend accrual

 

$

285,567

 

 

$

269,379

 


See notes to consolidated financial statements




F-7



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Note 1: Business Activity


Evolutionary Genomics, Inc. (the “Company,” “We,” or “Our”) has developed a technology platform, the Adapted Traits Platform (“ATP”), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.


The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.


During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (“Fona”) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the “Merger”), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.


Note 2: Summary of Significant Accounting Policies


Principals of Consolidation: These consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.


Use of Estimates: The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.


These consolidated financial statements have been prepared on the basis of going concern.  Management’s plans to address the Company’s liquidity are discussed further in Note 14.


Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.


Investment: The Company’s short-term investment was comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purpose of determining realized gains and losses, the cost of securities sold is based on specific identification.


Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.




F-8



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the years ended December 31, 2020 and 2019.


Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress was placed into service on August 19, 2020 in conjunction with the Development and Commercialization Agreement and is being amortized over four years consistent with the term of the Dole agreement using the straight-line method. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the years ended December 31, 2020 and 2019.


Revenue Recognition: Grant revenue consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us. However, these amounts are subject to change upon review by federal and non-profit foundations prior to receipt of invoice amounts submitted. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.


Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the consolidated financial statements and net deferred tax assets are adjusted accordingly. As of December 31, 2020 and 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.


Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.


Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.




F-9



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the year ended December 31, 2020, common stock equivalents including 679,923 shares of convertible preferred stock and options for 1,081,667 shares of common stock were excluded because their effect was anti-dilutive. For the year ended December 31, 2019, common stock equivalents including 577,063 shares of Series A-1 convertible preferred stock, 102,860 shares of Series A-2 convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.


Note 3: New Accounting Standards


Recently Issued Accounting Standards


In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have an impact on the Company’s consolidated financial statements.

 

Note 4: Fair Value Measurements


The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.


ASC 820 provides three levels of the fair value hierarchy as described below:


Level 1 Inputs – Quoted prices (unadjusted) in active markets for identical assets or liabilities.


Level 2 Inputs – Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.


Level 3 Inputs – Unobservable inputs that are supported by little or no market activity.


When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.




F-10



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



During the year ended December 31, 2020, the Company sold all its investments, realizing a net gain on sale of $105,919 for the year ended December 31, 2020.  The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

  

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 


For the Company’s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, and accrued expenses, approximates their fair value at December 31, 2020 and 2019, due to the relatively short-term nature of these instruments.


Note 5: Property and Equipment


Property and equipment is comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(452,902

)

 

 

(414,783

)

Property and equipment, net

 

$

50,763

 

 

$

88,882

 


Depreciation expense for the years ended December 31, 2020 and 2019 was $38,119.


Note 6: Intangible Assets


Intangible assets are comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(404,298

)

 

 

(33,049

)

Intangible assets, net

 

$

3,664,343

 

 

$

4,035,592

 


The Company expects to recognize amortization expense related to its acquired research in progress and patents according to the following:


Year Ending

 

 

Amortization

 

 

December 31, 2021

 

 

$

1,006,751

 

 

December 31, 2022

 

 

 

1,006,751

 

 

December 31, 2023

 

 

 

1,006,751

 

 

December 31, 2024

 

 

 

638,105

 

 

December 31, 2025

 

 

 

2,602

 

 

Thereafter

 

 

 

3,383

 

 

  Total

 

 

$

3,664,343

 




F-11



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Amortization expense for the acquired research in progress and patents during the year ended December 31, 2020 and 2019 was $371,248 and $2,602, respectively.


In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes in mid-2021, the Company placed this asset in service on August 19, 2020. Additional costs to complete the soybean research are expected to be approximately $65,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company’s control.


Note 7: Income Taxes


Income tax expense from continuing operations consists of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Current income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

State

 

 

 

 

 

 

Total current income tax expense/(benefit)

 

 

 

 

 

 

Deferred income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

(840,812

)

 

 

27,096

 

State

 

 

(146,541

)

 

 

4,811

 

Total deferred tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 

 

 

 

 

 

 

 

 

 

Total income tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 


Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:


Year Ended December 31,

 

2020

 

 

2019

 

Federal Statutory Rate

 

 

21.00

%

 

 

21.00

%

Effective State Rate

 

 

3.66

%

 

 

3.66

%

Incentive Stock Options

 

 

-2.01

%

 

 

-1.81

%

PPP Forgiveness

 

 

0.68

%

 

 

0.00

%

Officers Life Insurance

 

 

-0.01

%

 

 

-0.04

%

Meals And Entertainment

 

 

0.00

%

 

 

-0.01

%

Organizational Costs

 

 

0.00

%

 

 

0.00

%

R&D Credit

 

 

0.91

%

 

 

4.61

%

Change In Valuation Allowance

 

 

11.57

%

 

 

-25.96

%

Prior Year Adjustments

 

 

0.91

%

 

 

-4.09

%

Other

 

 

-0.14

%

 

 

-1.55

%

Effective Rate

 

 

36.57

%

 

 

-4.19

%




F-12



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



The components of deferred income tax assets and liabilities were as follows:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Deferred tax assets

 

 

 

 

 

 

 

 

Loss carryforwards

 

 

2,585,042

 

 

 

1,933,118

 

Marketable securities

 

 

 

 

 

121,212

 

Non-qualified stock options

 

 

 

 

 

 

R&D Credits

 

 

378,524

 

 

 

329,186

 

Less valuation allowance

 

 

(2,060,283

)

 

 

(2,372,656

)

Deferred tax assets

 

 

903,283

 

 

 

10,860

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

Depreciation/amortization

 

 

(6,087

)

 

 

(10,860

)

Intangible assets

 

 

(897,196

)

 

 

(987,353

)

Deferred tax liabilities

 

 

(903,283

)

 

 

(998,213

)

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

(987,353

)


The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse.


The Company records a valuation allowance for certain temporary differences for which it is more likely than not that it will not receive future tax benefits. The Company assesses its past earnings history and trends and projections of future net income. The Company recorded a valuation allowance for the entire amount of the net deferred tax asset at December 31, 2020 and 2019.  The change in the valuation allowance during the years ended December 31, 2020 and 2019 was an  increase/(decrease) of ($312,000) and $198,000, respectively. The Company will continue to review this valuation allowance and make adjustments as appropriate.


As of December 31, 2020 and 2019, the Company maintained net operating loss (“NOL”) carryforwards of approximately $10,483,000 and $7,839,000. Use of NOL carryforwards are limited by the provisions of Section 382 of the Internal Revenue Code. At this point, the Company has not performed an analysis to determine whether an ownership change (as defined under Section 382) occurred during this year or preceding year(s). A determination of the potential impact these provisions might have on the utilization of net operating losses will be made when the net operating loss is projected to be utilized. The NOL carryforwards expire at various intervals through 2037, except the NOLs from tax years beginning after December 31, 2017, which have no expiration date. In addition, the Company has R&D credits of $379,000 that will expire at various intervals through 2039.


The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations. ASC 740 states that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. At this time, the Company does not have any uncertain tax positions to assess.


Note 8: Notes Payable


Small Business Administration (“SBA”) Paycheck Protection Program:  On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program, which was created under the Coronavirus Aid, Relief and Economic Security Act (CARES).  Under the program, the Company, on December 23, 2020, received forgiveness of the debt from the SBA based on the use of the proceeds over the 24-week period following funding of the loan.  Loan forgiveness was recorded as cancellation of debt income in other operating (income) expense on the consolidated statement of operations.




F-13



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Although management considers it probable that the Company was initially eligible for the loan and subsequent forgiveness, the SBA has the ability to review the Company’s loan file for a period subsequent to the date the loan was forgiven and could request additional documentation to support the Company’s initial eligibility for the loan and request for loan forgiveness. In the event the SBA subsequently determines the Company did not meet the initial; eligibility requirements for the PPP loan or did not qualify for loan forgiveness, the SBA may pursue legal remedies at its discretion.


SBA Economic Injury Disaster Loan:  On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (“EIDL”) advance and $150,000 in proceeds from the SBA’s EIDL Program.  Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021).  The Company granted to the SBA a continuing security interest in all tangible and intangible personal property.  The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA.  As of December 31, 2020, the Company recognized $2,261 of accrued interest on the note.


Dole Food Company:


On August 19, 2020, the Company entered into a Development and Commercialization Agreement (“DCA”) with Dole Food Company (“Dole”) for the development of our banana genes.  The DCA provides for payments from Dole to the Company of $800,000 upon execution, $800,000 by the twelve-month anniversary, $250,000 by the thirty-six month anniversary and $250,000 by the forty-eight month anniversary.  Dole will also reimburse the Company for costs incurred at the University of Wisconsin-Madison (“UW”) not to exceed $2,200,000 in coordination with the Standard Research Agreement that the Company entered into with UW on September 18, 2020 which includes payments from the Company to UW in the amount of $2,159,719 over the two-year expected term of the project.  If the UW research is successful, Dole expects to incur costs of $750,000 to perform field trials.


The DCA also specifies that the Company will execute notes payable to Dole for the funding that Dole is providing up to $5,050,000.  Upon receipt of $800,000 on August 26, 2020 and $1,295,831 on December 29, 2020, the Company executed the notes under this DCA and recorded them as long-term notes payable for financial statement purposes.  The notes are non-interest bearing and allow Dole to offset fifty percent of future royalty payments to the Company by reducing the amount of principal due on these notes.  Other than this offset of future royalty payments, repayment of principal and interest is only required in the case of termination of the DCA by Dole for cause.


Note 9: Stockholders’ Equity and Warrants


The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (“Series A-1”) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (“Series A-2”). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.


Liquidation: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of December 31, 2020 and 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature.


Conversion: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.




F-14



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Optional Redemption; Sinking Fund Account: The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2020, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of December 31, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established.


Dividends: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of December 31, 2020, there were $1,236,228 in accrued stock dividends.


Voting: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class.


Warrants: As of December 31, 2020 and 2019, the Company had outstanding warrants to purchase 0 and 110,884 shares, respectively of the Company’s Common Stock. The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of
Warrants

 

 

Weighted

Average
Exercise Price

 

 

Weighted
Average
Remaining
Term(Years)

 

                                                                                                                    

  

  

                       

  

  

                       

  

  

                       

  

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(110,884

)

 

 

6.60

 

 

 

 

Balance, December 31, 2020

 

 

 

 

 

$

 

 

 

 


Note 10: Stock-Based Compensation


The Company grants stock-based instruments under the 2015 Stock Incentive Plan (“Plan”) for which 1,400,000 shares of the Company’s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For years ended December 31, 2020 and 2019, the Company recorded compensation costs for stock options of $219,718 and $55,828, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company’s Common Stock. The Company granted no options during the year ended December 31, 2020 and 640,000 during the year ended December 31, 2019.


Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company’s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company’s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.




F-15



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining Term(Years)

 

 

Total
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

6.67

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

 

688,332

 

 

$

1.85

 

 

 

5.44

 

 

$

102,667

 


During the years ended December 31, 2020 and 2019, options for 179,999 and 183,333 shares vested, respectively. As of December 31, 2020, there was $405,449 unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next two years.


Note 11: Commitments and Contingencies


Officer Indemnification: Under the Company’s organizational documents, the Company’s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.


Lease Commitments: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2020 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of December 31, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company’s rent expense for the years ended December 31, 2020 and 2019 was $28,535.


Royalty: Effective March 1, 2012, the Company entered into an Agreement for Contract Services with SmithBucklin Corporation (the “Contractor”) on behalf of the United Soybean Board. The contract includes the payment of certain royalties, as defined in the Agreement.


The Company is obligated to pay royalties to the United Soybean Board of 10% of the sale of products derived from the soybean genes that were the subject of the research performed by the Contractor or from royalties received by the Company from the sale of products by a third party not to exceed 150% of the total amount paid to the Contractor under this Agreement. The Company has recognized to date grant revenue from the contract of $262,400 as of December 31, 2020, thus limiting any future royalties as of December 31, 2020 to a total of $393,600. The Company has not accrued or paid any royalties under the terms of the Agreement as of and during the years ended December 31, 2020 and 2019 because it has not received any revenue from the sale of products to date.




F-16



Evolutionary Genomics, Inc. and Subsidiary

Notes to Consolidated Financial Statements

December 31, 2020 and 2019



Other Commitments: On September 18, 2020, the Company entered into a Standard Research Agreement with WCIC for the development of our banana genes.  The agreement includes payments from the Company in the amount of $2,159,719 over the two-year expected term of the project.  These costs will be reimbursed, in the form of notes payable by Dole in accordance with our DCA.


Note 12: Related Parties and Transactions


Steve B. Warnecke: Mr. Warnecke is the Company’s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,902,088 shares or 29.45% of the Common Stock outstanding as of December 31, 2020.


During the year ended December 31, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan which was repaid during the year ended December 31, 2020.


Note 13: Concentrations


Considerations of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.


Note 14: Liquidity


As of December 31, 2020, the Company had $215,836 in bank accounts and during 2020 used $2,297,317 of cash in operations.  The Company’s current projections for 2021 requires cash of $1,351,436.  These factors raise substantial doubt as to the Company’s ability to continue as a going concern.  


To address these factors, management believes that it will secure additional funding to meet prospective cash requirements.  Management believes the Company’s existing cash balances along with funding from our agreement with Dole, prospective funding from marketing additional genes and additional contributions from our largest shareholder will provide the necessary liquidity to meet our obligations as they come due over the next year. We expect that the funding from these sources will be more than enough to cover our obligations for the next twelve months.  However, if the funding does not arrive, the Company may not be able to meet its obligations as they become due.




F-17


EX-31.1 2 fnam_ex31z1.htm CERTIFICATION Certification

EXHIBIT 31.1

CERTIFICATION

I, Steve Warnecke, certify that:

1. I have reviewed this annual report on Form 10-K of Evolutionary Genomics, Inc.

2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;

3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting, to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting .

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting,, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information ; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

March 31, 2021

 

 

BY:  

/s/ Steve Warnecke

 

Steve Warnecke

 

Chief Executive Officer

 

(principal executive officer)




EX-31.2 3 fnam_ex31z2.htm CERTIFICATION Certification

EXHIBIT 31.2

CERTIFICATION

I, Steve Warnecke, certify that:

1. I have reviewed this annual report on Form 10-K of Evolutionary Genomics, Inc.

2. Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report;

3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this annual report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this annual report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting, to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting .

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting,, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information ; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

March 31, 2021

 

 

BY:  

/s/ Steve Warnecke

 

Steve Warnecke

 

Chief Financial Officer

 

(principal financial officer)




EX-32.1 4 fnam_ex32z1.htm CERTIFICATION Certification

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Evolutionary Genomics, Inc. (the "Company") on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Steve B Warnecke, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. section1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.




BY:  

/s/ Steve B Warnecke

 

Steve B Warnecke

 

Chief Executive Officer

 

(principal executive officer)

 

March 31, 2021




EX-32.2 5 fnam_ex32z2.htm CERTIFICATION Certification

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Evolutionary Genomics, Inc. (the "Company") on Form 10-K for the year ended December 31, 2020, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Steve B Warnecke, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.




BY:  

/s/ Steve B Warnecke

 

Steve B Warnecke

 

Chief Financial Officer

 

(principal financial officer)

 

March 31, 2021




EX-101.INS 6 fnam-20201231.xml XBRL INSTANCE FILE 0000884363 2015-01-01 2015-12-31 0000884363 us-gaap:FairValueInputsLevel1Member 2019-12-31 0000884363 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000884363 us-gaap:FairValueInputsLevel3Member 2019-12-31 0000884363 us-gaap:EquipmentMember 2019-12-31 0000884363 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2019-12-31 0000884363 us-gaap:SoftwareAndSoftwareDevelopmentCostsMember 2020-12-31 0000884363 us-gaap:EquipmentMember 2020-12-31 0000884363 us-gaap:FurnitureAndFixturesMember 2020-12-31 0000884363 us-gaap:FurnitureAndFixturesMember 2019-12-31 0000884363 us-gaap:InProcessResearchAndDevelopmentMember 2019-12-31 0000884363 us-gaap:PatentsMember 2019-12-31 0000884363 2015-10-19 0000884363 srt:MinimumMember 2020-01-01 2020-12-31 0000884363 srt:MaximumMember 2020-01-01 2020-12-31 0000884363 2020-06-30 0000884363 us-gaap:ConvertibleDebtSecuritiesMember 2020-01-01 2020-12-31 0000884363 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-12-31 0000884363 2018-12-31 0000884363 2018-01-01 2018-12-31 0000884363 us-gaap:CommonStockMember 2018-12-31 0000884363 us-gaap:PreferredStockMember 2018-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000884363 us-gaap:RetainedEarningsMember 2018-12-31 0000884363 srt:ChiefExecutiveOfficerMember 2020-12-31 0000884363 2019-01-01 2019-12-31 0000884363 2019-09-30 0000884363 us-gaap:SeriesAPreferredStockMember 2019-12-31 0000884363 us-gaap:SeriesAPreferredStockMember 2020-12-31 0000884363 fnam:SeriesA2PreferredStockMember 2019-12-31 0000884363 2019-12-31 0000884363 us-gaap:CommonStockMember 2019-12-31 0000884363 us-gaap:PreferredStockMember 2019-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000884363 us-gaap:RetainedEarningsMember 2019-12-31 0000884363 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000884363 us-gaap:CommonStockMember 2019-03-31 0000884363 us-gaap:CommonStockMember 2019-06-30 0000884363 us-gaap:CommonStockMember 2019-09-30 0000884363 us-gaap:PreferredStockMember 2019-01-01 2019-03-31 0000884363 us-gaap:PreferredStockMember 2019-04-01 2019-06-30 0000884363 us-gaap:PreferredStockMember 2019-07-01 2019-09-30 0000884363 us-gaap:PreferredStockMember 2019-10-01 2019-12-31 0000884363 us-gaap:PreferredStockMember 2019-03-31 0000884363 us-gaap:PreferredStockMember 2019-06-30 0000884363 us-gaap:PreferredStockMember 2019-09-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-10-01 2019-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000884363 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000884363 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000884363 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000884363 us-gaap:RetainedEarningsMember 2019-10-01 2019-12-31 0000884363 us-gaap:RetainedEarningsMember 2019-03-31 0000884363 us-gaap:RetainedEarningsMember 2019-06-30 0000884363 us-gaap:RetainedEarningsMember 2019-09-30 0000884363 2019-01-01 2019-03-31 0000884363 2019-04-01 2019-06-30 0000884363 2019-07-01 2019-09-30 0000884363 2019-10-01 2019-12-31 0000884363 2019-03-31 0000884363 us-gaap:SeriesAPreferredStockMember 2019-01-01 2019-12-31 0000884363 fnam:SeriesA2PreferredStockMember 2019-01-01 2019-12-31 0000884363 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-12-31 0000884363 fnam:CommonStockAndWarrantsMember 2019-01-01 2019-12-31 0000884363 2020-01-01 2020-12-31 0000884363 2020-12-31 0000884363 fnam:SeriesA2PreferredStockMember 2020-12-31 0000884363 2019-06-30 0000884363 us-gaap:CommonStockMember 2020-03-31 0000884363 us-gaap:PreferredStockMember 2020-01-01 2020-03-31 0000884363 us-gaap:PreferredStockMember 2020-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000884363 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000884363 us-gaap:RetainedEarningsMember 2020-03-31 0000884363 2020-01-01 2020-03-31 0000884363 2020-03-31 0000884363 us-gaap:CommonStockMember 2020-06-30 0000884363 us-gaap:PreferredStockMember 2020-04-01 2020-06-30 0000884363 us-gaap:PreferredStockMember 2020-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0000884363 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0000884363 us-gaap:RetainedEarningsMember 2020-06-30 0000884363 2020-04-01 2020-06-30 0000884363 us-gaap:CommonStockMember 2020-09-30 0000884363 us-gaap:PreferredStockMember 2020-07-01 2020-09-30 0000884363 us-gaap:PreferredStockMember 2020-09-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-07-01 2020-09-30 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0000884363 us-gaap:RetainedEarningsMember 2020-07-01 2020-09-30 0000884363 us-gaap:RetainedEarningsMember 2020-09-30 0000884363 2020-07-01 2020-09-30 0000884363 2020-09-30 0000884363 us-gaap:CommonStockMember 2020-12-31 0000884363 us-gaap:PreferredStockMember 2020-10-01 2020-12-31 0000884363 us-gaap:PreferredStockMember 2020-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-10-01 2020-12-31 0000884363 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000884363 us-gaap:RetainedEarningsMember 2020-10-01 2020-12-31 0000884363 us-gaap:RetainedEarningsMember 2020-12-31 0000884363 2020-10-01 2020-12-31 0000884363 us-gaap:PatentsMember 2020-01-01 2020-12-31 0000884363 us-gaap:InProcessResearchAndDevelopmentMember 2020-12-31 0000884363 us-gaap:PatentsMember 2020-12-31 0000884363 fnam:DCADoleMember 2020-08-19 0000884363 fnam:ResearchAgreementUniversityOfWisconsinMadisonMember 2020-09-18 0000884363 fnam:SBAPaycheckProtectionProgramMember 2020-04-16 2020-04-17 0000884363 fnam:EconomicInjuryDisasterLoanMember 2020-06-04 2020-06-05 0000884363 fnam:EIDLProgramMember 2020-06-04 2020-06-05 0000884363 fnam:EIDLProgramMember 2020-12-31 0000884363 fnam:EIDLProgramMember 2020-06-05 0000884363 us-gaap:ConvertiblePreferredStockMember 2015-10-19 0000884363 fnam:ConvertiblePreferredStockSeriesA2Member 2020-05-01 0000884363 us-gaap:ConvertiblePreferredStockMember 2020-01-01 2020-12-31 0000884363 fnam:ConvertiblePreferredStockSeriesA2Member 2020-01-01 2020-12-31 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure fnam:Customers 0.001 0.001 0.001 780000000 780000000 780000000 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 5881898 122686 12500 -0.18 -0.34 -793140 -208797 -189363 -162873 -232107 -208797 -189363 -162873 -232107 -1711883 -241816 -241816 -294798 -294798 535885 535885 -1711154 -1711154 -0.0419 0.3657 0.2596 -0.1157 0.2100 0.2100 0.0366 0.0366 6845 88882 50763 4035592 3664343 472613 1793145 205828 495518 219070 603632 897511 2892295 -774825 -2879795 98 372 13592 180559 5881898 5881898 40721 409368 55828 219718 -33594 -6845 811 37574 19415 -16251 -625980 -2297317 147613 540015 2320099 -85965 170395 131406 45441 215836 41694 41694 432499 63179 63179 432499 7987 7987 503665 503665 414783 452902 38119 38119 4016596 52045 4016596 52045 33049 404298 2602 371248 65000 28535 28535 55828 219718 640000 566667 1081667 1081667 125000 688332 2.33 1.74 1.74 1.54 3.00 P5Y11M12D P7Y8M2D P6Y8M2D 800000000 20000000 600000 600000 200000 20000000 20000000 200000 600000 200000 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.001 .7516 0.0181 0.0201 0.0001 0.0000 198000 -312000 2037-12-31 P3Y P7Y -760480 403587 5882 681282 12294952 -12578529 -135605 -333725 5882 950661 12081401 -13371669 5882 5882 5882 741873 807877 879269 12251639 12190198 12118806 -12787326 -12976689 -13139562 212068 -1825890 27268 5882 1022052 12064940 -13613485 -520611 5882 1093444 12048477 -13908283 5882 1164836 12032015 -13372398 -169665 5882 1236228 12015552 -15083552 7839000 10483000 1933118 2585042 121212 2372656 2060283 10860 903283 10860 6087 998213 903283 4737188 1.85 269379 285567 -1062519 -1997450 60591 66004 71392 71392 -60591 -66004 -71392 -71392 71391 -71391 71392 -71392 71392 -71392 71392 -71392 679923 1081667 577063 102860 1081667 110884 987353 897196 -761233 -2699236 31907 -987353 27096 -840812 4811 -146541 31907 -987353 0.0004 0.0001 0.0000 0.0000 0.0461 0.0091 0.0155 0.0014 329186 378524 0.2100 0.2100 183333 179999 P2Y 41694 41694 41694 13494 105919 17278 4563 33987 17278 4563 33987 54930 54930 54929 54929 54930 54930 54929 54929 269379 285567 987353 102667 1902088 0.2945 1006751 1006751 1006751 638105 2602 3383 540015 0.0409 -0.0091 EVOLUTIONARY GENOMICS, INC. 0000884363 10-K 2020-12-31 false --12-31 No No Yes Non-accelerated Filer true false false FY 2020 Yes NV 000-54129 24183 61757 118163 277593 4124474 3715106 4242637 3992699 19415 3164 19415 3164 2245831 1006768 2248995 3029579 3029579 540015 3569594 3569594 540015 950661 1236228 5882 5882 12081401 12015552 -13371669 -15083552 4242637 3992699 577063 577063 102860 102860 577063 577063 102860 102860 4222606 583216 5881898 5881898 P20Y 2095831 71268 3000 150000 731 0.0375 2261 800000 800000 250000 250000 2200000 2159719 750000 5050000 5.25 5.25 5.25 5.25 0.08 0.08 1236228 379000 P9Y9M29D P7Y 2378 5881898 P10Y false 74268 147613 224268 0.0000 0.0068 1351436 262400 393600 1400000 405449 P5Y5M9D 110884 110884 110884 6.60 6.60 6.60 P1Y10M14D P10M14D 987353 <p style="margin: 0px"></p> <p style="margin: 0px"><b><u>Note 1: Business Activity</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Evolutionary Genomics, Inc. (the &#147;Company,&#148; &#147;We,&#148; or &#147;Our&#148;) has developed a technology platform, the Adapted Traits Platform (&#147;ATP&#148;), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (&#147;Fona&#148;) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the &#147;Merger&#148;), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.</p> <p style="margin: 0px"><b><u>Note 2: Summary of Significant Accounting Policies</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Principals of Consolidation</u>: These consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Use of Estimates</u>: The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">These consolidated financial statements have been prepared on the basis of going concern. &#160;Management&#146;s plans to address the Company&#146;s liquidity are discussed further in Note 14.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Cash</u>: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Investment</u>: The Company&#146;s short-term investment was comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purpose of determining realized gains and losses, the cost of securities sold is based on specific identification.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Property and Equipment</u>: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Long-Lived Assets</u>: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the years ended December 31, 2020 and 2019.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Intangible Assets</u>: Intangible assets include acquired research in progress and patents on the Company&#146;s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress was placed into service on August 19, 2020 in conjunction with the Development and Commercialization Agreement and is being amortized over four years consistent with the term of the Dole agreement using the straight-line method. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the years ended December 31, 2020 and 2019.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Revenue Recognition:</u> Grant revenue consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us. However, these amounts are subject to change upon review by federal and non-profit foundations prior to receipt of invoice amounts submitted. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Income Taxes</u>: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the consolidated financial statements and net deferred tax assets are adjusted accordingly. As of December 31, 2020 and 2019, a full valuation allowance has been established on the net deferred tax asset.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Stock-Based Compensation</u>: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award. &#160;</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company&#146;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#146;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; line-height: 11pt"><u>Research and Development</u>: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; line-height: 11pt"><u>Net Loss Per Common Share</u>: Basic net (loss) income per common share excludes any dilutive effects of equity instruments. &#160;We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period. &#160;We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the year ended December 31, 2020, common stock equivalents including 679,923 shares of convertible preferred stock and options for 1,081,667 shares of common stock were excluded because their effect was anti-dilutive. For the year ended December 31, 2019, common stock equivalents including 577,063 shares of Series A-1 convertible preferred stock, 102,860 shares of Series A-2 convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.</p> <p style="margin: 0px; line-height: 11pt"><b><u>Note 3: New Accounting Standards</u></b></p> <p style="margin: 0px; line-height: 11pt"><br /></p> <p style="margin: 0px; line-height: 11pt"><b><u>Recently Issued Accounting Standards</u></b></p> <p style="margin: 0px; line-height: 11pt"><br /></p> <p style="margin: 0px; line-height: 11pt">In June 2016, the FASB issued ASU 2016-13, &#147;Financial Instruments &#150; Credit Losses: Measurement of Credit Losses on Financial Instruments,&#148; which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity&#146;s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have an impact on the Company&#146;s consolidated financial statements.</p> <p style="margin: 0px"><b><u>Note 4: Fair Value Measurements</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">ASC 820 provides three levels of the fair value hierarchy as described below:</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; padding-left: 48px">Level 1 Inputs &#150; Quoted prices (unadjusted) in active markets for identical assets or liabilities.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; padding-left: 48px">Level 2 Inputs &#150; Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; padding-left: 48px">Level 3 Inputs &#150; Unobservable inputs that are supported by little or no market activity.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">During the year ended December 31, 2020, the Company sold all its investments, realizing a net gain on sale of $105,919 for the year ended December 31, 2020. &#160;The following table presents the Company&#146;s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2019, by level within the fair value hierarchy:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 81.26px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 81.26px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.73px"></td><td style="width: 81.33px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 81.33px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 87.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 87.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Quoted Prices in Active Markets for Identical Items<br /> (Level 1)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 88.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Other Observable Inputs<br /> (Level 2)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 88.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Unobservable Inputs<br /> (Level 3)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance at December&#160;31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Investments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">For the Company&#146;s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, and accrued expenses, approximates their fair value at December 31, 2020 and 2019, due to the relatively short-term nature of these instruments.</p> <p style="margin: 0px"><b><u>Note 5: Property and Equipment</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Property and equipment is comprised of the following:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Equipment</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Software</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Furniture and fixtures</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated depreciation</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(452,902</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(414,783</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Property and equipment, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">50,763</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">88,882</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <p style="margin: 0px">Depreciation expense for the years ended December 31, 2020 and 2019 was $38,119. </p> <p style="margin: 0px"><b><u>Note 6: Intangible Assets</u></b></p> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <p style="margin: 0px">Intangible assets are comprised of the following:</p> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Acquired research in progress</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Patents</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated amortization</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(404,298</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(33,049</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Intangible assets, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">3,664,343</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,035,592</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <p style="margin: 0px">The Company expects to recognize amortization expense related to its acquired research in progress and patents according to the following:</p> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" align="center" style="margin-top: 0px; font-size: 10pt"><tr style="height: 0px; font-size: 0"><td style="width: 6.66px"></td><td style="width: 322.53px"></td><td style="width: 6.8px"></td><td style="width: 6.8px"></td><td style="width: 6.8px"></td><td style="width: 82.6px"></td><td style="width: 7.8px"></td></tr> <tr><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 329.2px"><p style="margin: 0px; font-size: 8pt"><b>Year Ending</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Amortization</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2021</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2022</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2023</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2024</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">638,105</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2025</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">2,602</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">Thereafter</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">3,383</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">&#160;&#160;Total</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">3,664,343</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Amortization expense for the acquired research in progress and patents during the year ended December 31, 2020 and 2019 was $371,248 and $2,602, respectively. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes in mid-2021, the Company placed this asset in service on August 19, 2020. Additional costs to complete the soybean research are expected to be approximately $65,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company&#146;s control. </p> <p style="margin: 0px"></p> <p style="margin: 0px"><b><u>Note 7: Income Taxes</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Income tax expense from continuing operations consists of the following:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px; font-size: 8pt">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Current income tax expense/(benefit)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">Federal</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">State</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 40px; text-indent: -8px">Total current income tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred income tax expense/(benefit)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">Federal</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(840,812</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">27,096</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">State</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(146,541</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,811</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 40px; text-indent: -8px">Total deferred tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">31,907</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Total income tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">31,907</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 5.46px"></td><td style="width: 5.46px"></td><td style="width: 65.93px"></td><td style="width: 11.13px"></td><td style="width: 5.46px"></td><td style="width: 5.46px"></td><td style="width: 65.93px"></td><td style="width: 11.13px"></td></tr> <tr><td style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt"><b>Year Ended December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 71.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 71.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Federal Statutory Rate</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">21.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">21.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Effective State Rate</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">3.66</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">3.66</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Incentive Stock Options</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-2.01</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-1.81</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">PPP Forgiveness</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.68</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Officers Life Insurance</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.01</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.04</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Meals And Entertainment</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.01</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Organizational Costs</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">R&#38;D Credit</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.91</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">4.61</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Change In Valuation Allowance</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">11.57</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-25.96</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Prior Year Adjustments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.91</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-4.09</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Other</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.14</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-1.55</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Effective Rate</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">36.57</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-4.19</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The components of deferred income tax assets and liabilities were as follows:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Loss carryforwards</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">2,585,042</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">1,933,118</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Marketable securities</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">121,212</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Non-qualified stock options</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">R&#38;D Credits</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">378,524</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">329,186</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Less valuation allowance</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(2,060,283</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(2,372,656</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">903,283</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">10,860</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax liabilities</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Depreciation/amortization</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(6,087</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(10,860</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Intangible assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(897,196</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Deferred tax liabilities</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(903,283</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(998,213</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Totals</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company records a valuation allowance for certain temporary differences for which it is more likely than not that it will not receive future tax benefits. The Company assesses its past earnings history and trends and projections of future net income. The Company recorded a valuation allowance for the entire amount of the net deferred tax asset at December 31, 2020 and 2019. &#160;The change in the valuation allowance during the years ended December 31, 2020 and 2019 was an &#160;increase/(decrease) of ($312,000) and $198,000, respectively. The Company will continue to review this valuation allowance and make adjustments as appropriate.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">As of December 31, 2020 and 2019, the Company maintained net operating loss (&#147;NOL&#148;) carryforwards of approximately $10,483,000 and $7,839,000. Use of NOL carryforwards are limited by the provisions of Section 382 of the Internal Revenue Code. At this point, the Company has not performed an analysis to determine whether an ownership change (as defined under Section 382) occurred during this year or preceding year(s). A determination of the potential impact these provisions might have on the utilization of net operating losses will be made when the net operating loss is projected to be utilized. The NOL carryforwards expire at various intervals through 2037, except the NOLs from tax years beginning after December 31, 2017, which have no expiration date. In addition, the Company has R&#38;D credits of $379,000 that will expire at various intervals through 2039.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations. ASC 740 states that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. At this time, the Company does not have any uncertain tax positions to assess.</p> <p style="margin: 0px; text-align: justify"><b><u>Note 8: Notes Payable</u></b></p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px"><u>Small Business Administration (&#147;SBA&#148;) Paycheck Protection Program:</u> &#160;On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program, which was created under the Coronavirus Aid, Relief and Economic Security Act (CARES). &#160;Under the program, the Company, on December 23, 2020, received forgiveness of the debt from the SBA based on the use of the proceeds over the 24-week period following funding of the loan. &#160;Loan forgiveness was recorded as cancellation of debt income in other operating (income) expense on the consolidated statement of operations.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Although management considers it probable that the Company was initially eligible for the loan and subsequent forgiveness, the SBA has the ability to review the Company&#146;s loan file for a period subsequent to the date the loan was forgiven and could request additional documentation to support the Company&#146;s initial eligibility for the loan and request for loan forgiveness. In the event the SBA subsequently determines the Company did not meet the initial; eligibility requirements for the PPP loan or did not qualify for loan forgiveness, the SBA may pursue legal remedies at its discretion.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>SBA Economic Injury Disaster Loan:</u> &#160;On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (&#147;EIDL&#148;) advance and $150,000 in proceeds from the SBA&#146;s EIDL Program. &#160;Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021). &#160;The Company granted to the SBA a continuing security interest in all tangible and intangible personal property. &#160;The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA. &#160;As of December 31, 2020, the Company recognized $2,261 of accrued interest on the note.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Dole Food Company:</u></p> <a name="Hlk55191561"></a><p style="margin: 0px"><br /></p> <p style="margin: 0px">On August 19, 2020, the Company entered into a Development and Commercialization Agreement (&#147;DCA&#148;) with Dole Food Company (&#147;Dole&#148;) for the development of our banana genes. &#160;The DCA provides for payments from Dole to the Company of $800,000 upon execution, $800,000 by the twelve-month anniversary, $250,000 by the thirty-six month anniversary and $250,000 by the forty-eight month anniversary. &#160;Dole will also reimburse the Company for costs incurred at the University of Wisconsin-Madison (&#147;UW&#148;) not to exceed $2,200,000 in coordination with the Standard Research Agreement that the Company entered into with UW on September 18, 2020 which includes payments from the Company to UW in the amount of $2,159,719 over the two-year expected term of the project. &#160;If the UW research is successful, Dole expects to incur costs of $750,000 to perform field trials.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The DCA also specifies that the Company will execute notes payable to Dole for the funding that Dole is providing up to $5,050,000. &#160;Upon receipt of $800,000 on August 26, 2020 and $1,295,831 on December 29, 2020, the Company executed the notes under this DCA and recorded them as long-term notes payable for financial statement purposes. &#160;The notes are non-interest bearing and allow Dole to offset fifty percent of future royalty payments to the Company by reducing the amount of principal due on these notes. &#160;Other than this offset of future royalty payments, repayment of principal and interest is only required in the case of termination of the DCA by Dole for cause. </p> <p style="margin: 0px"><b><u>Note 9: Stockholders&#146; Equity and Warrants</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (&#147;Series A-1&#148;) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (&#147;Series A-2&#148;). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.</p> <p style="margin: 0px; text-align: justify"><br /></p> <p style="margin: 0px"><u>Liquidation</u>: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of December 31, 2020 and 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Conversion</u>: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Optional Redemption; Sinking Fund Account:</u> The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2020, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of December 31, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Dividends</u>: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of December 31, 2020, there were $1,236,228 in accrued stock dividends.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Voting</u>: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Warrants</u>: As of December 31, 2020 and 2019, the Company had outstanding warrants to purchase 0 and 110,884 shares, respectively of the Company&#146;s Common Stock. The following table summarizes the status of the Company&#146;s aggregate warrants outstanding:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 3.33px"></td><td style="width: 75.66px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 73.4px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 3.33px"></td><td style="width: 75.93px"></td><td style="width: 6.66px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 79px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of<br /> Warrants</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.13px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted </b></p> <p style="margin: 0px; font-size: 8pt; text-align: center"><b>Average <br /> Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 79.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Remaining <br /> Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 79px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.13px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 79.26px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">1.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">0.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">(110,884</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"><b><u>Note 10: Stock-Based Compensation</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company grants stock-based instruments under the 2015 Stock Incentive Plan (&#147;Plan&#148;) for which 1,400,000 shares of the Company&#146;s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For years ended December 31, 2020 and 2019, the Company recorded compensation costs for stock options of $219,718 and $55,828, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company&#146;s Common Stock. The Company granted no options during the year ended December 31, 2020 and 640,000 during the year ended December 31, 2019. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company&#146;s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company&#146;s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The following table summarizes the status of the Company&#146;s aggregate stock options granted:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td style="width: 15.13px"></td><td></td><td style="width: 6.66px"></td><td style="width: 6.73px"></td><td style="width: 4.33px"></td><td style="width: 76.33px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 74.6px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 4.33px"></td><td style="width: 77px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 74.86px"></td><td style="width: 6.73px"></td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of<br /> Options</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.6px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total <br /> Intrinsic <br /> Value</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.6px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">566,667</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">2.33</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">5.95</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">640,000</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.54</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">9.83</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Cancelled</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">(125,000</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">3.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.67</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, January 1, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.67</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Cancelled</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">6.67</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercisable at December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">688,332</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.85</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">5.44</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">102,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">During the years ended December 31, 2020 and 2019, options for 179,999 and 183,333 shares vested, respectively. As of December 31, 2020, there was $405,449 unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next two years. </p> <p style="margin: 0px"><b><u>Note 11: Commitments and Contingencies</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Officer Indemnification</u>: Under the Company&#146;s organizational documents, the Company&#146;s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company&#146;s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Lease Commitments</u>: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2020 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of December 31, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company&#146;s rent expense for the years ended December 31, 2020 and 2019 was $28,535. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Royalty</u>: Effective March 1, 2012, the Company entered into an Agreement for Contract Services with SmithBucklin Corporation (the &#147;Contractor&#148;) on behalf of the United Soybean Board. The contract includes the payment of certain royalties, as defined in the Agreement.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company is obligated to pay royalties to the United Soybean Board of 10% of the sale of products derived from the soybean genes that were the subject of the research performed by the Contractor or from royalties received by the Company from the sale of products by a third party not to exceed 150% of the total amount paid to the Contractor under this Agreement. The Company has recognized to date grant revenue from the contract of $262,400 as of December 31, 2020, thus limiting any future royalties as of December 31, 2020 to a total of $393,600. The Company has not accrued or paid any royalties under the terms of the Agreement as of and during the years ended December 31, 2020 and 2019 because it has not received any revenue from the sale of products to date.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Other Commitments: </u>On September 18, 2020, the Company entered into a Standard Research Agreement with WCIC for the development of our banana genes. &#160;The agreement includes payments from the Company in the amount of $2,159,719 over the two-year expected term of the project. &#160;These costs will be reimbursed, in the form of notes payable by Dole in accordance with our DCA.</p> <p style="margin: 0px"></p> <p style="margin: 0px"><b><u>Note 12: Related Parties and Transactions</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Steve B. Warnecke:</u> Mr. Warnecke is the Company&#146;s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,902,088 shares or 29.45% of the Common Stock outstanding as of December 31, 2020. </p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">During the year ended December 31, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan which was repaid during the year ended December 31, 2020.</p> <p style="margin: 0px"><b><u>Note 13: Concentrations</u></b></p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Considerations of Credit Risk</u>: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.</p> <p style="margin: 0px"><b><u>Note 14: Liquidity</u></b></p> <p style="margin: 0px"><br /></p> <a name="Hlk67414910"></a><p style="margin: 0px">As of December 31, 2020, the Company had $215,836 in bank accounts and during 2020 used $2,297,317 of cash in operations. &#160;The Company&#146;s current projections for 2021 requires cash of $1,351,436. &#160;These factors raise substantial doubt as to the Company&#146;s ability to continue as a going concern. &#160;</p> <p style="margin: 0px"><br /></p> <a name="Hlk67934230"></a><p style="margin: 0px">To address these factors, management believes that it will secure additional funding to meet prospective cash requirements. &#160;Management believes the Company&#146;s existing cash balances along with funding from our agreement with Dole, prospective funding from marketing additional genes and additional contributions from our largest shareholder will provide the necessary liquidity to meet our obligations as they come due over the next year. We expect that the funding from these sources will be more than enough to cover our obligations for the next twelve months. &#160;However, if the funding does not arrive, the Company may not be able to meet its obligations as they become due.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"></p> <p style="margin: 0px"><u>Principals of Consolidation</u>: These consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.</p> <p style="margin: 0px"><u>Use of Estimates</u>: The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">These consolidated financial statements have been prepared on the basis of going concern. &#160;Management&#146;s plans to address the Company&#146;s liquidity are discussed further in Note 14.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px"><u>Cash</u>: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash. </p> <p style="margin: 0px"><u>Investment</u>: The Company&#146;s short-term investment was comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purpose of determining realized gains and losses, the cost of securities sold is based on specific identification.</p> <p style="margin: 0px"><u>Property and Equipment</u>: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.</p> <p style="margin: 0px"><u>Long-Lived Assets</u>: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the years ended December 31, 2020 and 2019.</p> <p style="margin: 0px"></p> <p style="margin: 0px"><u>Intangible Assets</u>: Intangible assets include acquired research in progress and patents on the Company&#146;s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress was placed into service on August 19, 2020 in conjunction with the Development and Commercialization Agreement and is being amortized over four years consistent with the term of the Dole agreement using the straight-line method. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the years ended December 31, 2020 and 2019.</p> <p style="margin: 0px"></p> <p style="margin: 0px"><u>Revenue Recognition:</u> Grant revenue consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us. However, these amounts are subject to change upon review by federal and non-profit foundations prior to receipt of invoice amounts submitted. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.</p> <p style="margin: 0px"><u>Income Taxes</u>: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the consolidated financial statements and net deferred tax assets are adjusted accordingly. As of December 31, 2020 and 2019, a full valuation allowance has been established on the net deferred tax asset.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.</p> <p style="margin: 0px"></p> <p style="margin: 0px"><u>Stock-Based Compensation</u>: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award. &#160;</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The Company&#146;s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor&#146;s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.</p> <p style="margin: 0px"><br /></p> <p style="margin: 0px; line-height: 11pt"><u>Research and Development</u>: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.</p> <p style="margin: 0px; line-height: 11pt"><u>Net Loss Per Common Share</u>: Basic net (loss) income per common share excludes any dilutive effects of equity instruments. &#160;We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period. &#160;We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the year ended December 31, 2020, common stock equivalents including 679,923 shares of convertible preferred stock and options for 1,081,667 shares of common stock were excluded because their effect was anti-dilutive. For the year ended December 31, 2019, common stock equivalents including 577,063 shares of Series A-1 convertible preferred stock, 102,860 shares of Series A-2 convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.</p> <p style="margin: 0px">The following table presents the Company&#146;s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2019, by level within the fair value hierarchy:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 81.26px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 81.26px"></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 6.73px"></td><td style="width: 81.33px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 81.33px"></td><td style="width: 3.33px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 87.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 87.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Quoted Prices in Active Markets for Identical Items<br /> (Level 1)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 88.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Other Observable Inputs<br /> (Level 2)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 88.06px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Significant Unobservable Inputs<br /> (Level 3)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance at December&#160;31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px"><b>&#160;</b></p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Investments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.26px"><p style="margin: 0px; text-align: right">41,694</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"></p> <p style="margin: 0px">Property and equipment is comprised of the following:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Equipment</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">432,499</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Software</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">63,179</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Furniture and fixtures</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">7,987</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">503,665</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated depreciation</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(452,902</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(414,783</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Property and equipment, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">50,763</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">88,882</p> </td></tr></table> <p style="margin: 0px; line-height: 8pt; text-align: justify"></p> <p style="margin: 0px">Intangible assets are comprised of the following:</p> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Acquired research in progress</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,016,596</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Patents</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">52,045</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Accumulated amortization</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(404,298</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(33,049</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Intangible assets, net</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">3,664,343</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,035,592</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px; line-height: 8pt; text-align: justify"></p> <p style="margin: 0px">The Company expects to recognize amortization expense related to its acquired research in progress and patents according to the following:</p> <p style="margin: 0px; line-height: 8pt; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" align="center" style="margin-top: 0px; font-size: 10pt"><tr style="height: 0px; font-size: 0"><td style="width: 6.66px"></td><td style="width: 322.53px"></td><td style="width: 6.8px"></td><td style="width: 6.8px"></td><td style="width: 6.8px"></td><td style="width: 82.6px"></td><td style="width: 7.8px"></td></tr> <tr><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 329.2px"><p style="margin: 0px; font-size: 8pt"><b>Year Ending</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 89.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Amortization</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2021</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2022</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2023</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">1,006,751</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2024</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">638,105</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">December 31, 2025</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">2,602</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">Thereafter</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">3,383</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 7.8px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 322.53px"><p style="margin: 0px">&#160;&#160;Total</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.8px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 82.6px"><p style="margin: 0px; text-align: right">3,664,343</p> </td></tr></table> <p style="margin: 0px">Income tax expense from continuing operations consists of the following:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px; font-size: 8pt">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Current income tax expense/(benefit)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">Federal</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">State</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 40px; text-indent: -8px">Total current income tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred income tax expense/(benefit)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">Federal</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(840,812</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">27,096</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding-left: 24px; text-indent: -8px">State</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(146,541</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">4,811</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding-left: 40px; text-indent: -8px">Total deferred tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">31,907</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Total income tax expense/(benefit)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">31,907</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> </table> <p style="margin: 0px"></p> <p style="margin: 0px">Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 5.46px"></td><td style="width: 5.46px"></td><td style="width: 65.93px"></td><td style="width: 11.13px"></td><td style="width: 5.46px"></td><td style="width: 5.46px"></td><td style="width: 65.93px"></td><td style="width: 11.13px"></td></tr> <tr><td style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt"><b>Year Ended December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 71.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 71.4px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Federal Statutory Rate</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">21.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">21.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Effective State Rate</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">3.66</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">3.66</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Incentive Stock Options</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-2.01</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-1.81</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">PPP Forgiveness</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.68</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Officers Life Insurance</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.01</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.04</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Meals And Entertainment</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.01</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Organizational Costs</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.00</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">R&#38;D Credit</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.91</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">4.61</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Change In Valuation Allowance</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">11.57</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-25.96</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Prior Year Adjustments</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">0.91</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-4.09</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Other</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-0.14</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-1.55</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Effective Rate</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">36.57</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 5.46px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 65.93px"><p style="margin: 0px; text-align: right">-4.19</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 11.13px"><p style="margin: 0px">%</p></td></tr></table> <p style="margin: 0px"><br /></p> <p style="margin: 0px">The components of deferred income tax assets and liabilities were as follows:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 67.2px"></td><td style="width: 6.73px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>December 31,</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2020</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 73.93px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>2019</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Loss carryforwards</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">2,585,042</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">1,933,118</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Marketable securities</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">121,212</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Non-qualified stock options</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">R&#38;D Credits</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">378,524</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">329,186</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Less valuation allowance</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(2,060,283</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(2,372,656</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">903,283</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">10,860</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Deferred tax liabilities</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Depreciation/amortization</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(6,087</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(10,860</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Intangible assets</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(897,196</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Deferred tax liabilities</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(903,283</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(998,213</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Totals</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 67.2px"><p style="margin: 0px; text-align: right">(987,353</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p></td></tr></table> <p style="margin: 0px">The following table summarizes the status of the Company&#146;s aggregate warrants outstanding:</p> <p style="margin: 0px; text-align: justify"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td></td><td style="width: 6.66px"></td><td style="width: 6.66px"></td><td style="width: 3.33px"></td><td style="width: 75.66px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 73.4px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 3.33px"></td><td style="width: 75.93px"></td><td style="width: 6.66px"></td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 79px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of<br /> Warrants</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.13px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted </b></p> <p style="margin: 0px; font-size: 8pt; text-align: center"><b>Average <br /> Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 79.26px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Remaining <br /> Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 79px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.13px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 79.26px"><p style="margin: 0px">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">1.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">110,884</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">0.87</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px">Expired</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">(110,884</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">6.60</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 75.93px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px">Balance, December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 3.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 75.66px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 73.4px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr></table> <p style="margin: 0px"></p> <p style="margin: 0px">The following table summarizes the status of the Company&#146;s aggregate stock options granted:</p> <p style="margin: 0px"><br /></p> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 100%"><tr style="height: 0px; font-size: 0"><td style="width: 15.13px"></td><td></td><td style="width: 6.66px"></td><td style="width: 6.73px"></td><td style="width: 4.33px"></td><td style="width: 76.33px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 74.6px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 4.33px"></td><td style="width: 77px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 6.73px"></td><td style="width: 74.86px"></td><td style="width: 6.73px"></td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; font-size: 8pt">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Number of<br /> Options</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Exercise Price</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Weighted <br /> Average <br /> Remaining Term(Years)</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td><td colspan="2" style="border-bottom: #000000 1.33px solid; margin-top: 0px; vertical-align: bottom; width: 81.6px"><p style="margin: 0px; font-size: 8pt; text-align: center"><b>Total <br /> Intrinsic <br /> Value</b></p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; font-size: 8pt"><b>&#160;</b></p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 80.66px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.33px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 81.6px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, January 1, 2019</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">566,667</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">2.33</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">5.95</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">640,000</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.54</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">9.83</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Cancelled</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">(125,000</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">3.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.00</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, December 31, 2019</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.67</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, January 1, 2020</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">7.67</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Granted</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercised</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Cancelled</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 1px solid; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Balance, December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">1,081,667</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.74</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">6.67</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#151;</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 15.13px"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom"><p style="margin: 0px; padding: 0px">&#160;</p></td><td style="margin-top: 0px; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">&#160;</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td></tr> <tr><td colspan="2" style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 286.53px"><p style="margin: 0px">Exercisable at December 31, 2020</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.66px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 76.33px"><p style="margin: 0px; text-align: right">688,332</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.6px"><p style="margin: 0px; text-align: right">1.85</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 4.33px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 77px"><p style="margin: 0px; text-align: right">5.44</p> </td><td style="border-bottom: #FFFFFF 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">&#160;</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 6.73px"><p style="margin: 0px">$</p> </td><td style="border-bottom: #000000 3px double; margin-top: 0px; background-color: #CCFFCC; vertical-align: bottom; width: 74.86px"><p style="margin: 0px; text-align: right">102,667</p> </td></tr></table> EX-101.SCH 7 fnam-20201231.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statement of Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Business Activity link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - New Accounting Standards link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Property and Equipment link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Stockholders' Equity and Warrants link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Related Parties and Transactions link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Concentrations link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Liquidity and Going Concern link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Stockholders' Equity and Warrants (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Business Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Summary of Significant Accounting Policies (Other) (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Summary of Significant Accounting Policies (Property and Equipment) (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Summary of Significant Accounting Policies (Intangilbe Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Income Taxes (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Income Taxes (Schedule of Income Tax Expense) (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Income Taxes (Income Tax Reconciliation) (Details) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Stockholders' Equity and Warrants (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Stock-Based Compensation (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Stock-Based Compensation (Summary of Stock Options Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Related Parties and Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Liquidity and Going Concern (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 fnam-20201231_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 fnam-20201231_def.xml XBRL DEFINITION FILE EX-101.LAB 10 fnam-20201231_lab.xml XBRL LABEL FILE Fair Value, Hierarchy [Axis] Quoted Prices in Active Markets for Identical Items (Level 1) [Member] Significant Other Observable Inputs (Level 2) [Member] Significant Unobservable Inputs (Level 3) [Member] Property, Plant and Equipment, Type [Axis] Equipment [Member] Software [Member] Furniture and fixtures [Member] Finite-Lived Intangible Assets by Major Class [Axis] Acquired research in progress [Member] Patents [Member] Range [Axis] Minimum [Member] Maximum [Member] Antidilutive Securities [Axis] Convertible Preferred Stock [Member] Stock Options [Member] Equity Components [Axis] Common Stock [Member] Preferred Dividend [Member] Additional Paid-In Capital [Member] Accumulated Deficit [Member] Related Party Transaction [Axis] Chief Executive Officer [Member] Class of Stock [Axis] Series A-1 Convertible Preferred Stock [Member] Series A-2 Convertible Preferred Stock [Member] Common Stock and Warrants [Member] Debt Instrument [Axis] DCA with Dole Food Company [Member[ Research Agreement University of Wisconsin Madison [Member[ SBA Paycheck Protection Program [Member[ Economic Injury Disaster Loan [Member[ EIDL Program [Member] Series A-1 Convertible Preferred Stock [Member] Series A-2 Convertible Preferred Stock [Member] Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Public Float Entity Common Stock, Shares Outstanding Auditor Attestation Flag Document Fiscal Period Focus Document Fiscal Year Focus Entity Interactive Data Current Entity Incorporation State Country Name Entity File Number Statement [Table] Statement [Line Items] ASSETS Current assets Cash Accounts receivable Investments Prepaid expenses Total current assets Non-current assets Property and equipment, net Intangible assets, net Total non-current assets Total assets LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY Current liabilities Accounts payable and accrued expenses Current portion of notes payable Total current liabilities Long-term liabilities Notes payable Deferred tax liability Total liabilities Commitments and contingencies Total preferred stock subject to possible redemption Stockholders' equity Preferred Stock Common Stock, $0.001 par value; 780,000,000 shares authorized, 5,881,898 shares issued and outstanding at December 31, 2020 and December 31, 2019 Additional paid-in capital Accumulated deficit Total stockholders' (deficit) equity Total liabilities and stockholders' (deficit) equity Preferred stock, par value Preferred stock, authorized shares Preferred stock, issued shares Preferred stock, outstanding shares Preferred stock, liquidation preference Common stock, par value Common stock, authorized shares Common stock, issued shares Common stock, outstanding shares Income Statement [Abstract] Grant revenue Operating expenses Research and development Salaries and benefits General and administrative Total operating expenses Operating loss Other income (expenses): Investment income Loan forgiveness Gain on investments Total other income Loss before income taxes Income tax (expense) benefit Net loss Preferred stock dividend Net loss attributable to common stockholders Net loss per common share, basic and diluted Weighted average common shares outstanding, basic and diluted Balance Balance, shares Stock compensation Preferred stock dividends Net income (loss) Balance Balance, shares Statement of Cash Flows [Abstract] Cash flows from operating activities: Net loss Adjustments to reconcile net loss to net cash flows from operating activities Depreciation and amortization Stock-based compensation Gain on investments PPP loan forgiveness Deferred income taxes Changes in operating assets and liabilities: Accounts receivable Prepaid expenses Accounts payable and accrued expenses Deferred tax liability Net cash used in operating activities Cash flows from investing activities: Purchase of equipment Proceeds from sale of investment Proceeds from sale of trading securities Net cash provided by investing activities Cash flows from financing activities: Proceeds from issuance of notes payable Proceeds from EIDL and PPP loans Proceeds from issuance of preferred stock Net cash provided by financing activities Net change in cash Cash, beginning of period Cash, end of period Supplemental cash flow information Preferred stock dividend accrual Organization, Consolidation and Presentation of Financial Statements [Abstract] Business Activity Accounting Policies [Abstract] Summary of Significant Accounting Policies Accounting Standards Update and Change in Accounting Principle [Abstract] New Accounting Standards Fair Value Disclosures [Abstract] Fair Value Measurements Property, Plant and Equipment [Abstract] Property and Equipment Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Income Tax Disclosure [Abstract] Income Taxes Debt Disclosure [Abstract] Notes Payable Equity [Abstract] Stockholders' Equity and Warrants Share-based Payment Arrangement [Abstract] Stock-Based Compensation Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Related Party Transactions [Abstract] Related Parties and Transactions Risks and Uncertainties [Abstract] Concentrations Liquidity and Going Concern Subsequent Events [Abstract] Subsequent Events Principals of Consolidation Use of Estimates Cash Accounts Receivable Investment Property and Equipment Long-lived Assets Intangible Assets Revenue Recognition Income Taxes Stock-Based Compensation Research and Development Net Loss Per Common Share Subsequent Events Schedule of assets and liabilities measured at fair value Schedule of property plant and equipment Schedule of Intangible Assets Intangible Assets Amortization Schedule of income tax expense from continuing operations Schedule of income tax rate reconciliation Schedule of deferred tax assets and liabilities Summary of Warrants Activity Schedule of Stock Option Activity Percentage of outstanding stock purchased during reverse merger with Fona, Inc. Allowance for doubtful accounts Asset impairment charges Property, Plant and Equipment [Table] Property, Plant and Equipment [Line Items] Statistical Measurement [Axis] Estimated useful lives of property and equipment Schedule of Finite-Lived Intangible Assets [Table] Acquired Finite-Lived Intangible Assets [Line Items] Intangible assets useful lives Impairment of intangible assets Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive shares excluded from earnings per share calculation Fair Value, Recurring and Nonrecurring [Table] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value Hierarchy and NAV [Axis] Investments Total Long-Lived Tangible Asset [Axis] Property and equipment, gross Accumulated depreciation Property and equipment, net Depreciation expense Finite-Lived Intangible Assets [Line Items] Intangible assets, gross Intangible assets, accumulated amortization Amortization expense Additional expected costs to complete research December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025 Thereafter Total Operating Loss Carryforwards [Table] Operating Loss Carryforwards [Line Items] Future federal statutory tax rate Increase (decrease) in Valuation Allowance Estimated NOL Carry-forward R&D credits NOL and tax credit expiration dates Current income tax expense/(benefit) Federal State Total current income tax expense/(benefit) Deferred income tax expense/(benefit) Federal State Total deferred tax expense/(benefit) Total income tax expense/(benefit) Federal Statutory Rate Effective State Rate Incentive Stock Options PPP Forgiveness Officers Life Insurance Meals And Entertainment Organizational Costs R&D Credit Change In Valuation Allowance Prior Year Adjustments Other Effective Rate Deferred tax assets Loss carryforwards Marketable securities Non-qualified stock options R&D Credits Less valuation allowance Deferred tax assets Deferred tax liabilities Depreciation/amortization Intangible assets Deferred tax liabilities Totals Proceeds Monthly payment Interest rate Accrued interest Payment upon execution Payment twelve month anniversary Payment thirty six month anniversary Payment forty eight month anniversary Reimbursement of costs Expected payments University of Wisconsin-Madison Expected field trial costs Notes payable for Dole funding Schedule of Stock by Class [Table] Class of Stock [Line Items] Capital stock, authorized shares Stated per share value of preferred stock Liquidation preference per share Dividend rate Dividends accrued Number of Warrants Warrants outstanding at beginning of period Granted Exercised Expired Warrants outstanding at end of period Weighted Average Exercise Price Warrants outstanding at beginning of period Granted Exercised Expired Warrants outstanding at end of period Weighted Average Remaining Term (Years) Number of shares reserved for issuance under 2015 Stock Incentive Plan Expiration period for stock options Compensation costs for incentive stock options Stock options granted during period Value of unrestricted common stock granted to Board of Directors Number of shares vested during the period Unrecognized compensation cost related to share-based compensation arrangements Unrecognized compensation cost related to share-based compensation arrangements recognition period Number of Options Balance, beginning Granted Exercised Cancelled Balance, ending Exercisable Outstanding, intrinsic value Exercisable, intrinsic value Weighted Average Exercise Price Balance, beginning Granted Exercised Cancelled Balance, ending Exercisable Outstanding, contractual term Exercisable, contractual term Granted, contractual term Cancelled, contractual term Monthly rent payment Minimum lease commitment Rent expense Total amount of grant revenue recognized to date Total possible future royalties owed Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Line Items] Number of common stock shares outstanding owned by related party Percentage of common stock shares outstanding owned by related party Grants from state of Colorado Forecasted amount of cash used for operating expenses Net cash used in operating activities Additional expected costs to complete research. Total number of preferred and common stock authorized. Common Stock and Warrants [Member] Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to organizational costs. EG I, LLC [Member] Evolutionary Genomics, Inc. [Member] Forecasted amount of cash used for operating expenses. Future federal statutory tax rate. Member Of Board Of Directors [Member] Minimum lease commitment. Monthly rent payment. Number of common stock shares outstanding owned by related party. Percentage of common stock shares outstanding owned by related party. Percentage of outstanding stock purchased during reverse merger with Fona, Inc. Preferred stock dividend accrual. Series A-2 Preferred Stock [Member] Weighted average price at which holders acquired shares when converting equity instruments other than options into shares. Weighted average price at which grantees could have acquired the underlying shares with respect to equity instrument other than options that have expired. Weighted average per share amount at which grantees can acquire shares of common stock by exercise of equity instruments other than options. Weighted average price at which grantees can acquire the shares reserved for issuance for equity instruments other than options. Sixty-Five Roses Ranch, Inc. [Member] Total amount of grant revenue recognized to date. Total possible future royalties owed. Value of unrestricted common stock granted to Board of Directors. VetDC, Inc. [Member] Weighted average remaining contractual term for warrants. DCA Dole [Member] Research Agreement University Of Wisconsin Madison [Member] SBA Paycheck Protection Program Member Economic Injury Disaster Loan Member EIDL Program Member Payment upon execution Payment twelve month anniversary Payment thirty six month anniversary Payment forty eight month anniversary Reimbursement of costs Expected payments University of Wisconsin-Madison Expected field trial costs Notes payable for Dole funding Convertible Preferred Stock Series A-2 [Member] Stated per share value of preferred stock. Granted, contractual term. Cancelled, contractual term. PPP Forgiveness. Convertible Preferred Stock [Member] [Default Label] Document And Entity Information [Abstract] [Default Label] Assets, Current Assets, Noncurrent Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Operating Expenses Operating Income (Loss) Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income Tax Expense (Benefit) Preferred Stock Dividends, Income Statement Impact Net Income (Loss) Available to Common Stockholders, Basic Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable and Accrued Liabilities Increase (Decrease) in Deferred Income Taxes Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Cash and Cash Equivalents, Policy [Policy Text Block] Property, Plant and Equipment, Policy [Policy Text Block] Goodwill and Intangible Assets, Policy [Policy Text Block] Income Tax, Policy [Policy Text Block] Share-based Payment Arrangement [Policy Text Block] Subsequent Events, Policy [Policy Text Block] Investments [Default Label] Assets, Fair Value Disclosure Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Finite-Lived Intangible Assets, Accumulated Amortization Current Income Tax Expense (Benefit) Deferred Federal Income Tax Expense (Benefit) Deferred State and Local Income Tax Expense (Benefit) Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent Effective Income Tax Rate Reconciliation, Nondeductible Expense, Life Insurance, Percent Effective Income Tax Rate Reconciliation, Nondeductible Expense, Meals and Entertainment, Percent Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent Effective Income Tax Rate Reconciliation, Other Adjustments, Percent Effective Income Tax Rate Reconciliation, Percent Deferred Tax Assets, Valuation Allowance Deferred Tax Assets, Net of Valuation Allowance Deferred Tax Liabilities, Property, Plant and Equipment Deferred Tax Liabilities, Intangible Assets Deferred Tax Liabilities, Gross Deferred Tax Liabilities, Net Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Expirations Share Based Compensation Arrangement By Share Based Payment Award Instruments Other Than Options Outstanding Weighted Average Exercise Price Share Based Compensation Arrangement By Share Based Payment Award Instruments Other Than Options Grants In Period Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price EX-101.PRE 11 fnam-20201231_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2020
Jun. 30, 2020
Document And Entity Information [Abstract]    
Entity Registrant Name EVOLUTIONARY GENOMICS, INC.  
Entity Central Index Key 0000884363  
Document Type 10-K  
Document Period End Date Dec. 31, 2020  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? No  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Public Float   $ 4,737,188
Entity Common Stock, Shares Outstanding 5,881,898  
Auditor Attestation Flag false  
Document Fiscal Period Focus FY  
Document Fiscal Year Focus 2020  
Entity Interactive Data Current Yes  
Entity Incorporation State Country Name NV  
Entity File Number 000-54129  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 215,836 $ 45,441
Accounts receivable 6,845
Investments 41,694
Prepaid expenses 61,757 24,183
Total current assets 277,593 118,163
Non-current assets    
Property and equipment, net 50,763 88,882
Intangible assets, net 3,664,343 4,035,592
Total non-current assets 3,715,106 4,124,474
Total assets 3,992,699 4,242,637
Current liabilities    
Accounts payable and accrued expenses 3,164 19,415
Total current liabilities 3,164 19,415
Long-term liabilities    
Notes payable 2,245,831
Deferred tax liability 987,353
Total liabilities 2,248,995 1,006,768
Commitments and contingencies
Total preferred stock subject to possible redemption 3,569,594 3,569,594
Stockholders' equity    
Preferred Stock 1,236,228 950,661
Common Stock, $0.001 par value; 780,000,000 shares authorized, 5,881,898 shares issued and outstanding at December 31, 2020 and December 31, 2019 5,882 5,882
Additional paid-in capital 12,015,552 12,081,401
Accumulated deficit (15,083,552) (13,371,669)
Total stockholders' (deficit) equity (1,825,890) (333,725)
Total liabilities and stockholders' (deficit) equity 3,992,699 4,242,637
Series A-1 Convertible Preferred Stock [Member]    
Long-term liabilities    
Total preferred stock subject to possible redemption 3,029,579 3,029,579
Series A-2 Convertible Preferred Stock [Member]    
Long-term liabilities    
Total preferred stock subject to possible redemption $ 540,015 $ 540,015
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 20,000,000 20,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, authorized shares 780,000,000 780,000,000
Common stock, issued shares 5,881,898 5,881,898
Common stock, outstanding shares 5,881,898 5,881,898
Series A-1 Convertible Preferred Stock [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 600,000 600,000
Preferred stock, issued shares 577,063 577,063
Preferred stock, outstanding shares 577,063 577,063
Preferred stock, liquidation preference $ 4,222,606  
Series A-2 Convertible Preferred Stock [Member]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, authorized shares 200,000 200,000
Preferred stock, issued shares 102,860 102,860
Preferred stock, outstanding shares 102,860 102,860
Preferred stock, liquidation preference $ 583,216  
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Grant revenue $ 12,500 $ 122,686
Operating expenses    
Research and development 1,793,145 472,613
Salaries and benefits 495,518 205,828
General and administrative 603,632 219,070
Total operating expenses 2,892,295 897,511
Operating loss (2,879,795) (774,825)
Other income (expenses):    
Investment income 372 98
Loan forgiveness 74,268
Gain on investments 105,919 13,494
Total other income 180,559 13,592
Loss before income taxes (2,699,236) (761,233)
Income tax (expense) benefit 987,353 (31,907)
Net loss (1,711,883) (793,140)
Preferred stock dividend (285,567) (269,379)
Net loss attributable to common stockholders $ (1,997,450) $ (1,062,519)
Net loss per common share, basic and diluted $ (0.34) $ (0.18)
Weighted average common shares outstanding, basic and diluted 5,881,898 5,881,898
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statement of Stockholders' Equity - USD ($)
Common Stock [Member]
Preferred Dividend [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2018 $ 5,882 $ 681,282 $ 12,294,952 $ (12,578,529) $ 403,587
Balance, shares at Dec. 31, 2018 5,881,898        
Stock compensation     17,278   17,278
Preferred stock dividends   60,591 (60,591)  
Net income (loss)       (208,797) (208,797)
Balance at Mar. 31, 2019 $ 5,882 741,873 12,251,639 (12,787,326) 212,068
Balance, shares at Mar. 31, 2019 5,881,898        
Balance at Dec. 31, 2018 $ 5,882 681,282 12,294,952 (12,578,529) 403,587
Balance, shares at Dec. 31, 2018 5,881,898        
Net income (loss)         (793,140)
Balance at Dec. 31, 2019 $ 5,882 950,661 12,081,401 (13,371,669) $ (333,725)
Balance, shares at Dec. 31, 2019 5,881,898       5,881,898
Balance at Mar. 31, 2019 $ 5,882 741,873 12,251,639 (12,787,326) $ 212,068
Balance, shares at Mar. 31, 2019 5,881,898        
Stock compensation     4,563   4,563
Preferred stock dividends   66,004 (66,004)  
Net income (loss)       (189,363) (189,363)
Balance at Jun. 30, 2019 $ 5,882 807,877 12,190,198 (12,976,689) 27,268
Balance, shares at Jun. 30, 2019 5,881,898        
Preferred stock dividends 71,392 (71,392)
Net income (loss) (162,873) (162,873)
Balance at Sep. 30, 2019 $ 5,882 879,269 12,118,806 (13,139,562) $ (135,605)
Balance, shares at Sep. 30, 2019 5,881,898       5,881,898
Stock compensation     33,987   $ 33,987
Preferred stock dividends   71,392 (71,392)  
Net income (loss)       (232,107) (232,107)
Balance at Dec. 31, 2019 $ 5,882 950,661 12,081,401 (13,371,669) $ (333,725)
Balance, shares at Dec. 31, 2019 5,881,898       5,881,898
Stock compensation     54,930   $ 54,930
Preferred stock dividends   71,391 (71,391)  
Net income (loss)       (241,816) (241,816)
Balance at Mar. 31, 2020 $ 5,882 1,022,052 12,064,940 (13,613,485) (520,611)
Balance, shares at Mar. 31, 2020 5,881,898        
Balance at Dec. 31, 2019 $ 5,882 950,661 12,081,401 (13,371,669) $ (333,725)
Balance, shares at Dec. 31, 2019 5,881,898       5,881,898
Net income (loss)         $ (1,711,883)
Balance at Dec. 31, 2020 $ 5,882 1,236,228 12,015,552 (15,083,552) $ (1,825,890)
Balance, shares at Dec. 31, 2020 5,881,898       5,881,898
Balance at Mar. 31, 2020 $ 5,882 1,022,052 12,064,940 (13,613,485) $ (520,611)
Balance, shares at Mar. 31, 2020 5,881,898        
Stock compensation     54,929   54,929
Preferred stock dividends   71,392 (71,392)  
Net income (loss)       (294,798) (294,798)
Balance at Jun. 30, 2020 $ 5,882 1,093,444 12,048,477 (13,908,283) (760,480)
Balance, shares at Jun. 30, 2020 5,881,898        
Stock compensation     54,930   54,930
Preferred stock dividends   71,392 (71,392)  
Net income (loss)       535,885 535,885
Balance at Sep. 30, 2020 $ 5,882 1,164,836 12,032,015 (13,372,398) (169,665)
Balance, shares at Sep. 30, 2020 5,881,898        
Stock compensation     54,929   54,929
Preferred stock dividends   71,392 (71,392)  
Net income (loss)       (1,711,154) (1,711,154)
Balance at Dec. 31, 2020 $ 5,882 $ 1,236,228 $ 12,015,552 $ (15,083,552) $ (1,825,890)
Balance, shares at Dec. 31, 2020 5,881,898       5,881,898
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (1,711,883) $ (793,140)
Adjustments to reconcile net loss to net cash flows from operating activities    
Depreciation and amortization 409,368 40,721
Stock-based compensation 219,718 55,828
Gain on investments (105,919) (13,494)
PPP loan forgiveness (74,268)
Deferred income taxes (987,353) 31,907
Changes in operating assets and liabilities:    
Accounts receivable 6,845 33,594
Prepaid expenses (37,574) (811)
Accounts payable and accrued expenses (16,251) 19,415
Net cash used in operating activities (2,297,317) (625,980)
Cash flows from investing activities:    
Proceeds from sale of investment 147,613
Net cash provided by investing activities 147,613
Cash flows from financing activities:    
Proceeds from issuance of notes payable 2,095,831
Proceeds from EIDL and PPP loans 224,268
Proceeds from issuance of preferred stock 540,015
Net cash provided by financing activities 2,320,099 540,015
Net change in cash 170,395 (85,965)
Cash, beginning of period 45,441 131,406
Cash, end of period 215,836 45,441
Supplemental cash flow information    
Preferred stock dividend accrual $ 285,567 $ 269,379
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Business Activity
12 Months Ended
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Activity

Note 1: Business Activity


Evolutionary Genomics, Inc. (the “Company,” “We,” or “Our”) has developed a technology platform, the Adapted Traits Platform (“ATP”), to identify commercially valuable genes that control important traits in animals and plants. We are using the ATP to identify genes to improve crop plant traits such as yield, sugar content, biomass, drought tolerance, and pest/disease resistance. Our platform identifies key genes that have changed successfully to impart new or improved traits.


The Company performs its research on behalf of governmental organizations, non-profit foundations, and commercial entities and receives revenue from grants and commercial research contracts. These grants/contracts contain fixed-fee arrangements and may also have licensing provisions upon effective commercialization of research results. Successful commercialization may take many years to produce license royalty payments. Ownership of intellectual property developed in research projects varies from the Company retaining no rights to intellectual property, to joint ownership, to the Company retaining all rights.


During 2014, the Company purchased 75.16% of the outstanding stock of Fona, Inc., (“Fona”) a public shell company. Since Fona was a public shell company which did not constitute a business and the purchase was done in contemplation of a reverse merger, the Company accounted for the payment as a distribution to Fona shareholders. The Company also entered into an Agreement and Plan of Merger (the “Merger”), which was consummated on October 19, 2015. As a result of the Merger, Evolutionary Genomics, Inc. became a wholly owned subsidiary of Fona. For accounting purposes, the merger was treated as a reverse acquisition with Evolutionary Genomics, Inc. as the acquirer and Fona as the acquired party. Subsequent to the Merger, Fona was renamed Evolutionary Genomics, Inc. and our subsidiary was renamed from Evolutionary Genomics, Inc. to EG Crop Science, Inc.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 2: Summary of Significant Accounting Policies


Principals of Consolidation: These consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.


Use of Estimates: The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.


These consolidated financial statements have been prepared on the basis of going concern.  Management’s plans to address the Company’s liquidity are discussed further in Note 14.


Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.


Investment: The Company’s short-term investment was comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purpose of determining realized gains and losses, the cost of securities sold is based on specific identification.


Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.


Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the years ended December 31, 2020 and 2019.


Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress was placed into service on August 19, 2020 in conjunction with the Development and Commercialization Agreement and is being amortized over four years consistent with the term of the Dole agreement using the straight-line method. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the years ended December 31, 2020 and 2019.


Revenue Recognition: Grant revenue consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us. However, these amounts are subject to change upon review by federal and non-profit foundations prior to receipt of invoice amounts submitted. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.


Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the consolidated financial statements and net deferred tax assets are adjusted accordingly. As of December 31, 2020 and 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.


Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.


Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.


Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the year ended December 31, 2020, common stock equivalents including 679,923 shares of convertible preferred stock and options for 1,081,667 shares of common stock were excluded because their effect was anti-dilutive. For the year ended December 31, 2019, common stock equivalents including 577,063 shares of Series A-1 convertible preferred stock, 102,860 shares of Series A-2 convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
New Accounting Standards
12 Months Ended
Dec. 31, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Standards

Note 3: New Accounting Standards


Recently Issued Accounting Standards


In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” which requires entities to estimate all expected credit losses for certain types of financial instruments, including trade receivables, held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. The updated guidance also expands the disclosure requirements to enable users of financial statements to understand the entity’s assumptions, models and methods for estimating expected credit losses over the entire contractual term of the instrument from the date of initial recognition of that instrument. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within that reporting period and is not expected to have an impact on the Company’s consolidated financial statements.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 4: Fair Value Measurements


The Company complies with the provisions of ASC 820, in measuring fair value and in disclosing fair value measurements at the measurement date. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements required under other accounting pronouncements. Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements also reflect the assumptions market participants would use in pricing an asset or liability based on the best information available. Assumptions include the risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model.


ASC 820 provides three levels of the fair value hierarchy as described below:


Level 1 Inputs – Quoted prices (unadjusted) in active markets for identical assets or liabilities.


Level 2 Inputs – Observable market-based inputs, other than quoted prices in active markets for identical assets or liabilities.


Level 3 Inputs – Unobservable inputs that are supported by little or no market activity.


When determining the fair value measurements for assets or liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets.


During the year ended December 31, 2020, the Company sold all its investments, realizing a net gain on sale of $105,919 for the year ended December 31, 2020.  The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

  

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 


For the Company’s Level 1 measures, which represent common stock in publicly traded companies, fair value is based on the last closing trade occurring on, or closest to, the respective period end date. The carrying value of financial instruments, including cash, receivables, accounts payable, and accrued expenses, approximates their fair value at December 31, 2020 and 2019, due to the relatively short-term nature of these instruments.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Property and Equipment
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5: Property and Equipment


Property and equipment is comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(452,902

)

 

 

(414,783

)

Property and equipment, net

 

$

50,763

 

 

$

88,882

 


Depreciation expense for the years ended December 31, 2020 and 2019 was $38,119.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6: Intangible Assets


Intangible assets are comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(404,298

)

 

 

(33,049

)

Intangible assets, net

 

$

3,664,343

 

 

$

4,035,592

 


The Company expects to recognize amortization expense related to its acquired research in progress and patents according to the following:


Year Ending

 

 

Amortization

 

 

December 31, 2021

 

 

$

1,006,751

 

 

December 31, 2022

 

 

 

1,006,751

 

 

December 31, 2023

 

 

 

1,006,751

 

 

December 31, 2024

 

 

 

638,105

 

 

December 31, 2025

 

 

 

2,602

 

 

Thereafter

 

 

 

3,383

 

 

  Total

 

 

$

3,664,343

 


Amortization expense for the acquired research in progress and patents during the year ended December 31, 2020 and 2019 was $371,248 and $2,602, respectively.


In its merger completed on October 19, 2015, the Company acquired research in progress. The value of the acquired research in progress was based upon several factors including, evaluation of other intangible assets, the purchase price, estimated future cash flows, and the amounts expended on the research to date. The research in progress was the identification and validation of genes to provide pest and disease resistance to plants performed by EG I. With the banana development project contract in place and the expected marketing of our soybean genes in mid-2021, the Company placed this asset in service on August 19, 2020. Additional costs to complete the soybean research are expected to be approximately $65,000, which will be expensed as incurred. The timing and cost of additional research may vary from these estimates as the success of the research is subject to many factors outside of the Company’s control.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Income Taxes

Note 7: Income Taxes


Income tax expense from continuing operations consists of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Current income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

State

 

 

 

 

 

 

Total current income tax expense/(benefit)

 

 

 

 

 

 

Deferred income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

(840,812

)

 

 

27,096

 

State

 

 

(146,541

)

 

 

4,811

 

Total deferred tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 

 

 

 

 

 

 

 

 

 

Total income tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 


Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:


Year Ended December 31,

 

2020

 

 

2019

 

Federal Statutory Rate

 

 

21.00

%

 

 

21.00

%

Effective State Rate

 

 

3.66

%

 

 

3.66

%

Incentive Stock Options

 

 

-2.01

%

 

 

-1.81

%

PPP Forgiveness

 

 

0.68

%

 

 

0.00

%

Officers Life Insurance

 

 

-0.01

%

 

 

-0.04

%

Meals And Entertainment

 

 

0.00

%

 

 

-0.01

%

Organizational Costs

 

 

0.00

%

 

 

0.00

%

R&D Credit

 

 

0.91

%

 

 

4.61

%

Change In Valuation Allowance

 

 

11.57

%

 

 

-25.96

%

Prior Year Adjustments

 

 

0.91

%

 

 

-4.09

%

Other

 

 

-0.14

%

 

 

-1.55

%

Effective Rate

 

 

36.57

%

 

 

-4.19

%


The components of deferred income tax assets and liabilities were as follows:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Deferred tax assets

 

 

 

 

 

 

 

 

Loss carryforwards

 

 

2,585,042

 

 

 

1,933,118

 

Marketable securities

 

 

 

 

 

121,212

 

Non-qualified stock options

 

 

 

 

 

 

R&D Credits

 

 

378,524

 

 

 

329,186

 

Less valuation allowance

 

 

(2,060,283

)

 

 

(2,372,656

)

Deferred tax assets

 

 

903,283

 

 

 

10,860

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

Depreciation/amortization

 

 

(6,087

)

 

 

(10,860

)

Intangible assets

 

 

(897,196

)

 

 

(987,353

)

Deferred tax liabilities

 

 

(903,283

)

 

 

(998,213

)

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

(987,353

)


The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to reverse.


The Company records a valuation allowance for certain temporary differences for which it is more likely than not that it will not receive future tax benefits. The Company assesses its past earnings history and trends and projections of future net income. The Company recorded a valuation allowance for the entire amount of the net deferred tax asset at December 31, 2020 and 2019.  The change in the valuation allowance during the years ended December 31, 2020 and 2019 was an  increase/(decrease) of ($312,000) and $198,000, respectively. The Company will continue to review this valuation allowance and make adjustments as appropriate.


As of December 31, 2020 and 2019, the Company maintained net operating loss (“NOL”) carryforwards of approximately $10,483,000 and $7,839,000. Use of NOL carryforwards are limited by the provisions of Section 382 of the Internal Revenue Code. At this point, the Company has not performed an analysis to determine whether an ownership change (as defined under Section 382) occurred during this year or preceding year(s). A determination of the potential impact these provisions might have on the utilization of net operating losses will be made when the net operating loss is projected to be utilized. The NOL carryforwards expire at various intervals through 2037, except the NOLs from tax years beginning after December 31, 2017, which have no expiration date. In addition, the Company has R&D credits of $379,000 that will expire at various intervals through 2039.


The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations. ASC 740 states that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. At this time, the Company does not have any uncertain tax positions to assess.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Notes Payable
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Notes Payable

Note 8: Notes Payable


Small Business Administration (“SBA”) Paycheck Protection Program:  On April 17, 2020, the Company received $71,268 in proceeds from the SBA Paycheck Protection Program, which was created under the Coronavirus Aid, Relief and Economic Security Act (CARES).  Under the program, the Company, on December 23, 2020, received forgiveness of the debt from the SBA based on the use of the proceeds over the 24-week period following funding of the loan.  Loan forgiveness was recorded as cancellation of debt income in other operating (income) expense on the consolidated statement of operations.


Although management considers it probable that the Company was initially eligible for the loan and subsequent forgiveness, the SBA has the ability to review the Company’s loan file for a period subsequent to the date the loan was forgiven and could request additional documentation to support the Company’s initial eligibility for the loan and request for loan forgiveness. In the event the SBA subsequently determines the Company did not meet the initial; eligibility requirements for the PPP loan or did not qualify for loan forgiveness, the SBA may pursue legal remedies at its discretion.


SBA Economic Injury Disaster Loan:  On June 5, 2020, the Company received a $3,000 Economic Injury Disaster Loan (“EIDL”) advance and $150,000 in proceeds from the SBA’s EIDL Program.  Installment payments, including interest at the rate of 3.75% per annum, of $731 monthly over thirty years from the date of the promissory note will begin twelve months from the date of the promissory note (June 5, 2021).  The Company granted to the SBA a continuing security interest in all tangible and intangible personal property.  The Company may not make any distribution of assets of the Company to any shareholder without the written consent of the SBA.  As of December 31, 2020, the Company recognized $2,261 of accrued interest on the note.


Dole Food Company:


On August 19, 2020, the Company entered into a Development and Commercialization Agreement (“DCA”) with Dole Food Company (“Dole”) for the development of our banana genes.  The DCA provides for payments from Dole to the Company of $800,000 upon execution, $800,000 by the twelve-month anniversary, $250,000 by the thirty-six month anniversary and $250,000 by the forty-eight month anniversary.  Dole will also reimburse the Company for costs incurred at the University of Wisconsin-Madison (“UW”) not to exceed $2,200,000 in coordination with the Standard Research Agreement that the Company entered into with UW on September 18, 2020 which includes payments from the Company to UW in the amount of $2,159,719 over the two-year expected term of the project.  If the UW research is successful, Dole expects to incur costs of $750,000 to perform field trials.


The DCA also specifies that the Company will execute notes payable to Dole for the funding that Dole is providing up to $5,050,000.  Upon receipt of $800,000 on August 26, 2020 and $1,295,831 on December 29, 2020, the Company executed the notes under this DCA and recorded them as long-term notes payable for financial statement purposes.  The notes are non-interest bearing and allow Dole to offset fifty percent of future royalty payments to the Company by reducing the amount of principal due on these notes.  Other than this offset of future royalty payments, repayment of principal and interest is only required in the case of termination of the DCA by Dole for cause.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity and Warrants
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Stockholders' Equity and Warrants

Note 9: Stockholders’ Equity and Warrants


The Amended and Restated Certificate of Incorporation of the Company dated October 19, 2015 authorized the issuance of 800,000,000 shares of all classes of stock including 780,000,000 shares of Common Stock having a par value of $0.001 per share and 20,000,000 shares of Preferred Stock having a par value of $0.001 per share, 600,000 of which were designated as Series A-1 Convertible Preferred Stock (“Series A-1”) and 200,000 of which were designated as Series A-2 Convertible Preferred Stock (“Series A-2”). The Board of Directors, without a vote of the shareholders, is authorized to issue additional shares of Preferred Stock in series and to establish the characteristics thereof.


Liquidation: Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary, the holders of the Series A-1 and Series A-2 shall be entitled to receive out of the assets of the Company for each share of Series A-1 and Series A-2 an amount equal to its stated value, $5.25 per share as of December 31, 2020 and 2019, plus any accrued but unpaid dividends before any distribution or payment shall be made to the holders of any other class or series of stock of the Company that ranks junior to the Series A-1 and Series A-2. The holders shall be entitled to convert their shares of Series A-1 and Series A-2 into Common Stock at any time prior to the consummation of a Liquidation. This is considered a contingent redemption feature.


Conversion: The holders of Series A-1 and Series A-2 may convert their shares into shares of Common Stock, at the option of the holder, on a one-share-for-one-share basis and shall be subject to certain adjustments at any time.


Optional Redemption; Sinking Fund Account: The Company may elect to redeem some or all of the then outstanding shares of Series A-1, (i) for cash in an amount equal to the liquidation preference per share, $5.25 per share as of December 31, 2020, subject to adjustment and (ii) by issuing one share, subject to adjustment, of Common Stock for each share of Series A-1 and Series A-2 outstanding being redeemed. 50% of all licensing fees received by the Company will be deposited into a separate sinking fund for use in an optional redemption. As of December 31, 2020, no licensing revenue has been received under these provisions and no sinking fund account has been established.


Dividends: The Company shall pay to the holders of the Series A-1 and Series A-2 dividends at the rate of 8% per annum and the Company has accrued these dividends since issuance of the Series A-1 and Series A-2. The dividend amount shall accrue and shall be payable in shares of Common Stock upon the conversion of the Series A-1 and Series A-2, or upon the redemption of the Series A-1 and Series A-2. No dividends shall be paid on any Common Stock of the Company or any capital stock of the Company that ranks junior to the Series A-1 and Series A-2 until dividends of Series A-1 and Series A-2 been paid. As of December 31, 2020, there were $1,236,228 in accrued stock dividends.


Voting: The holders of the Series A-1 and Series A-2 are entitled to vote on all matters submitted to the stockholders for a vote on an as-if-converted to Common Stock basis, with all stockholders voting as a single class.


Warrants: As of December 31, 2020 and 2019, the Company had outstanding warrants to purchase 0 and 110,884 shares, respectively of the Company’s Common Stock. The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of
Warrants

 

 

Weighted

Average
Exercise Price

 

 

Weighted
Average
Remaining
Term(Years)

 

                                                                                                                    

  

  

                       

  

  

                       

  

  

                       

  

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(110,884

)

 

 

6.60

 

 

 

 

Balance, December 31, 2020

 

 

 

 

 

$

 

 

 

 

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation

Note 10: Stock-Based Compensation


The Company grants stock-based instruments under the 2015 Stock Incentive Plan (“Plan”) for which 1,400,000 shares of the Company’s Common Stock has been reserved. The Plan allows for the issuance of incentive stock options and non-qualified stock options with a maximum contractual term of 10 years. Shares and options that are cancelled are available for reissuance under the Plan. For years ended December 31, 2020 and 2019, the Company recorded compensation costs for stock options of $219,718 and $55,828, respectively. Stock options are generally issued with an exercise price at or above the estimated per-share value of the Company’s Common Stock. The Company granted no options during the year ended December 31, 2020 and 640,000 during the year ended December 31, 2019.


Management has valued the options at their date of grant utilizing the Black-Scholes option pricing model. As of the issuance of the outstanding options, there was not a public market for the Company’s shares. Accordingly, the Company utilized the value obtained in equity transactions with unrelated parties to estimate the fair value of the Company’s Common Stock on the date of grant. Volatility of the underlying common shares was determined based on the historical volatility for similar companies that are actively traded in the public markets for a term consistent with the expected life of the options. The risk-free interest rate used in the calculations is based on the implied yield available on U.S. Treasury issues with an equivalent term approximating the expected life of the options on the date of the grant. Due to the lack of sufficient historical activity, the expected life of the options was estimated using the formula set forth in Securities and Exchange Commission SAB 107.


The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining Term(Years)

 

 

Total
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

6.67

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

 

688,332

 

 

$

1.85

 

 

 

5.44

 

 

$

102,667

 


During the years ended December 31, 2020 and 2019, options for 179,999 and 183,333 shares vested, respectively. As of December 31, 2020, there was $405,449 unrecognized compensation cost related to share-based compensation arrangements that will be recognized over the next two years.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 11: Commitments and Contingencies


Officer Indemnification: Under the Company’s organizational documents, the Company’s officers, employees, and directors are indemnified against certain liabilities arising out of the performance of their duties. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on experience, the Company expects any risk of loss to be remote. The Company also has an insurance policy for its directors and officers to insure them against liabilities arising from their performance in their positions with the Company.


Lease Commitments: The Company leases its operating facility and pays its rent in monthly installments. The lease was renewed in June 2016 for a period of twelve months and monthly rentals for the period of July 1, 2016 through December 31, 2020 are $2,378 per month which continues on a month-to-month basis. There is no minimum lease commitment as of December 31, 2020. Renewals after June 30, 2017 are by mutual agreement. The Company’s rent expense for the years ended December 31, 2020 and 2019 was $28,535.


Royalty: Effective March 1, 2012, the Company entered into an Agreement for Contract Services with SmithBucklin Corporation (the “Contractor”) on behalf of the United Soybean Board. The contract includes the payment of certain royalties, as defined in the Agreement.


The Company is obligated to pay royalties to the United Soybean Board of 10% of the sale of products derived from the soybean genes that were the subject of the research performed by the Contractor or from royalties received by the Company from the sale of products by a third party not to exceed 150% of the total amount paid to the Contractor under this Agreement. The Company has recognized to date grant revenue from the contract of $262,400 as of December 31, 2020, thus limiting any future royalties as of December 31, 2020 to a total of $393,600. The Company has not accrued or paid any royalties under the terms of the Agreement as of and during the years ended December 31, 2020 and 2019 because it has not received any revenue from the sale of products to date.


Other Commitments: On September 18, 2020, the Company entered into a Standard Research Agreement with WCIC for the development of our banana genes.  The agreement includes payments from the Company in the amount of $2,159,719 over the two-year expected term of the project.  These costs will be reimbursed, in the form of notes payable by Dole in accordance with our DCA.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Related Parties and Transactions
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Parties and Transactions

Note 12: Related Parties and Transactions


Steve B. Warnecke: Mr. Warnecke is the Company’s Chief Executive Officer and Chairman of the Board and owns, directly or indirectly, 1,902,088 shares or 29.45% of the Common Stock outstanding as of December 31, 2020.


During the year ended December 31, 2020, Steve Warnecke advanced the Company $27,350 as a short-term loan which was repaid during the year ended December 31, 2020.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Concentrations
12 Months Ended
Dec. 31, 2020
Risks and Uncertainties [Abstract]  
Concentrations

Note 13: Concentrations


Considerations of Credit Risk: Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company maintains its cash balances at high-credit, quality financial institutions. The balances, at times, may exceed federally insured limits. The Company routinely monitors the credit quality of its customers.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Liquidity and Going Concern
12 Months Ended
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Liquidity and Going Concern

Note 14: Liquidity


As of December 31, 2020, the Company had $215,836 in bank accounts and during 2020 used $2,297,317 of cash in operations.  The Company’s current projections for 2021 requires cash of $1,351,436.  These factors raise substantial doubt as to the Company’s ability to continue as a going concern.  


To address these factors, management believes that it will secure additional funding to meet prospective cash requirements.  Management believes the Company’s existing cash balances along with funding from our agreement with Dole, prospective funding from marketing additional genes and additional contributions from our largest shareholder will provide the necessary liquidity to meet our obligations as they come due over the next year. We expect that the funding from these sources will be more than enough to cover our obligations for the next twelve months.  However, if the funding does not arrive, the Company may not be able to meet its obligations as they become due.


XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Principals of Consolidation

Principals of Consolidation: These consolidated financial statements include the accounts of Evolutionary Genomics, Inc. and its wholly owned subsidiary. All material intercompany transactions and balances have been eliminated.

Use of Estimates

Use of Estimates: The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.


These consolidated financial statements have been prepared on the basis of going concern.  Management’s plans to address the Company’s liquidity are discussed further in Note 14.

Cash


Cash: The Company considers all highly liquid investments purchased with an original or remaining maturity of three months or less when purchased to be cash.

Investment

Investment: The Company’s short-term investment was comprised of equity securities and are carried at their fair value based on the quoted market prices of the securities at December 31, 2019. Net realized and unrealized gains and losses on investments are included in net earnings. For purpose of determining realized gains and losses, the cost of securities sold is based on specific identification.

Property and Equipment

Property and Equipment: Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is provided for by the straight-line method over three- to seven-year estimated useful lives of software, furniture and fixtures and equipment. Maintenance and repairs are expensed as incurred; major renewals and betterments that extend the useful lives of property and equipment are capitalized. When property and equipment are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is recognized.

Long-lived Assets

Long-Lived Assets: The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any long-lived assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. An impairment loss is measured and recorded to the extent that the carrying amount of the asset exceeds its estimated fair value. No asset impairment was recorded during the years ended December 31, 2020 and 2019.

Intangible Assets

Intangible Assets: Intangible assets include acquired research in progress and patents on the Company’s core technology for gene identification. Patents are amortized over their expected useful life of 20 years using the straight-line method. Acquired research in progress was placed into service on August 19, 2020 in conjunction with the Development and Commercialization Agreement and is being amortized over four years consistent with the term of the Dole agreement using the straight-line method. Costs incurred to renew intangible assets are expensed in the period incurred, while costs incurred to extend the lives of patents are capitalized and amortized over the remaining useful life of the asset. Intangible assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In the event that facts and circumstances indicate that the cost of any intangible assets may be impaired, an evaluation of recoverability is performed. An impairment is considered to exist if the total estimated undiscounted cash flows are less than the carrying amount of the asset. No impairment was recorded during the years ended December 31, 2020 and 2019.

Revenue Recognition

Revenue Recognition: Grant revenue consists of funding under cost reimbursement programs primarily from federal and non-profit foundation sources for qualified research and development activities performed by us. However, these amounts are subject to change upon review by federal and non-profit foundations prior to receipt of invoice amounts submitted. Such amounts are invoiced and recorded as revenue as grant-funded activities are performed.

Income Taxes

Income Taxes: Deferred tax assets and liabilities are recognized for the expected tax consequences of temporary differences between the tax bases of assets and liabilities and their reported amounts. Management regularly assesses the likelihood that deferred tax assets will be recovered from future taxable income, and to the extent management believes that it is more likely than not that a deferred tax asset will not be realized, a valuation allowance is established. When a valuation allowance is established, increased or decreased, an income tax charge or benefit is included in the consolidated financial statements and net deferred tax assets are adjusted accordingly. As of December 31, 2020 and 2019, a full valuation allowance has been established on the net deferred tax asset.


Under the Income Tax topic of the ASC, in order to recognize an uncertain tax benefit, the taxpayer must be more likely than not of sustaining the position, and the measurement of the benefit is calculated as the largest amount that is more than 50% likely to be realized upon resolution of the benefit. The Company has no accruals for uncertain tax benefits.

Stock-Based Compensation

Stock-Based Compensation: The Company accounts for stock option awards in accordance with ASC 718. The estimated grant-date fair value of stock-based awards is expensed over the requisite service period, which is typically equivalent to the vesting term of the award.  


The Company’s accounting policy for equity instruments issued to consultants and vendors in exchange for goods and services received follows the provisions of ASC Topic 718. Accordingly, the measurement date for the fair value of the equity instruments issued is determined at the earlier of (i) the date at which a commitment for performance by the consultant or vendor is reached or (ii) the date at which the consultant or vendor’s performance is complete. In the case of equity instruments issued to consultants, the fair value of the equity instrument is recognized over the term of the consulting agreement.

Research and Development


Research and Development: Research and development costs are expensed as incurred. In instances where we enter into agreements with third parties for research and development activities, we may prepay for services at the initiation of the contract. We record the prepayment as a prepaid asset and amortize the asset into research and development expense over the period of time the contracted research and development services are performed.

Net Loss Per Common Share

Net Loss Per Common Share: Basic net (loss) income per common share excludes any dilutive effects of equity instruments.  We compute basic net (loss) income per common share using the weighted average number of common shares outstanding during the period.  We compute diluted net (loss) income per common share using the weighted average number of common shares and common stock equivalents outstanding during the period. For the year ended December 31, 2020, common stock equivalents including 679,923 shares of convertible preferred stock and options for 1,081,667 shares of common stock were excluded because their effect was anti-dilutive. For the year ended December 31, 2019, common stock equivalents including 577,063 shares of Series A-1 convertible preferred stock, 102,860 shares of Series A-2 convertible preferred stock, options for 1,081,667 shares of common stock and warrants for 110,884 shares of common stock were excluded because their effect was anti-dilutive.

XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value

The following table presents the Company’s financial assets that were accounted for at fair value on a recurring basis as of December 31, 2019, by level within the fair value hierarchy:


 

 

 

Total

 

 

Quoted Prices in Active Markets for Identical Items
(Level 1)

 

 

Significant Other Observable Inputs
(Level 2)

 

 

Significant Unobservable Inputs
(Level 3)

 

Balance at December 31, 2019

  

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

 

 

 

$

41,694

 

 

$

41,694

 

 

$

 

 

$

 

XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of property plant and equipment

Property and equipment is comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Equipment

 

$

432,499

 

 

$

432,499

 

Software

 

 

63,179

 

 

 

63,179

 

Furniture and fixtures

 

 

7,987

 

 

 

7,987

 

 

 

 

503,665

 

 

 

503,665

 

Accumulated depreciation

 

 

(452,902

)

 

 

(414,783

)

Property and equipment, net

 

$

50,763

 

 

$

88,882

XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets are comprised of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Acquired research in progress

 

$

4,016,596

 

 

$

4,016,596

 

Patents

 

 

52,045

 

 

 

52,045

 

Accumulated amortization

 

 

(404,298

)

 

 

(33,049

)

Intangible assets, net

 

$

3,664,343

 

 

$

4,035,592

 

Intangible Assets Amortization

The Company expects to recognize amortization expense related to its acquired research in progress and patents according to the following:


Year Ending

 

 

Amortization

 

 

December 31, 2021

 

 

$

1,006,751

 

 

December 31, 2022

 

 

 

1,006,751

 

 

December 31, 2023

 

 

 

1,006,751

 

 

December 31, 2024

 

 

 

638,105

 

 

December 31, 2025

 

 

 

2,602

 

 

Thereafter

 

 

 

3,383

 

 

  Total

 

 

$

3,664,343

XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2020
Income Tax Disclosure [Abstract]  
Schedule of income tax expense from continuing operations

Income tax expense from continuing operations consists of the following:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Current income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

 

 

 

 

State

 

 

 

 

 

 

Total current income tax expense/(benefit)

 

 

 

 

 

 

Deferred income tax expense/(benefit)

 

 

 

 

 

 

 

 

Federal

 

 

(840,812

)

 

 

27,096

 

State

 

 

(146,541

)

 

 

4,811

 

Total deferred tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 

 

 

 

 

 

 

 

 

 

Total income tax expense/(benefit)

 

 

(987,353

)

 

 

31,907

 

Schedule of income tax rate reconciliation

Items accounting for the differences between income taxes at statutory income tax rates and the actual effective rate are as follows:


Year Ended December 31,

 

2020

 

 

2019

 

Federal Statutory Rate

 

 

21.00

%

 

 

21.00

%

Effective State Rate

 

 

3.66

%

 

 

3.66

%

Incentive Stock Options

 

 

-2.01

%

 

 

-1.81

%

PPP Forgiveness

 

 

0.68

%

 

 

0.00

%

Officers Life Insurance

 

 

-0.01

%

 

 

-0.04

%

Meals And Entertainment

 

 

0.00

%

 

 

-0.01

%

Organizational Costs

 

 

0.00

%

 

 

0.00

%

R&D Credit

 

 

0.91

%

 

 

4.61

%

Change In Valuation Allowance

 

 

11.57

%

 

 

-25.96

%

Prior Year Adjustments

 

 

0.91

%

 

 

-4.09

%

Other

 

 

-0.14

%

 

 

-1.55

%

Effective Rate

 

 

36.57

%

 

 

-4.19

%

Schedule of deferred tax assets and liabilities


The components of deferred income tax assets and liabilities were as follows:


 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Deferred tax assets

 

 

 

 

 

 

 

 

Loss carryforwards

 

 

2,585,042

 

 

 

1,933,118

 

Marketable securities

 

 

 

 

 

121,212

 

Non-qualified stock options

 

 

 

 

 

 

R&D Credits

 

 

378,524

 

 

 

329,186

 

Less valuation allowance

 

 

(2,060,283

)

 

 

(2,372,656

)

Deferred tax assets

 

 

903,283

 

 

 

10,860

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities

 

 

 

 

 

 

 

 

Depreciation/amortization

 

 

(6,087

)

 

 

(10,860

)

Intangible assets

 

 

(897,196

)

 

 

(987,353

)

Deferred tax liabilities

 

 

(903,283

)

 

 

(998,213

)

 

 

 

 

 

 

 

 

 

Totals

 

 

 

 

 

(987,353

)

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity and Warrants (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Summary of Warrants Activity

The following table summarizes the status of the Company’s aggregate warrants outstanding:


 

 

 

Number of
Warrants

 

 

Weighted

Average
Exercise Price

 

 

Weighted
Average
Remaining
Term(Years)

 

                                                                                                                    

  

  

                       

  

  

                       

  

  

                       

  

Balance, January 1, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

1.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

110,884

 

 

$

6.60

 

 

 

0.87

 

Granted

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

Expired

 

 

 

(110,884

)

 

 

6.60

 

 

 

 

Balance, December 31, 2020

 

 

 

 

 

$

 

XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the status of the Company’s aggregate stock options granted:


 

 

 

Number of
Options

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining Term(Years)

 

 

Total
Intrinsic
Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Balance, January 1, 2019

 

 

 

566,667

 

 

$

2.33

 

 

 

5.95

 

 

 

 

 

Granted

 

 

 

640,000

 

 

 

1.54

 

 

 

9.83

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

(125,000

)

 

 

3.00

 

 

 

7.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2019

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

7.67

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, December 31, 2020

 

 

 

1,081,667

 

 

$

1.74

 

 

 

6.67

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2020

 

 

 

688,332

 

 

$

1.85

 

 

 

5.44

 

 

$

102,667

XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Business Activity (Details)
12 Months Ended
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Percentage of outstanding stock purchased during reverse merger with Fona, Inc. 75.16%
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Other) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Accounting Policies [Abstract]    
Asset impairment charges
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Property and Equipment) (Details)
12 Months Ended
Dec. 31, 2020
Minimum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of property and equipment 3 years
Maximum [Member]  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of property and equipment 7 years
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Intangilbe Assets) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]    
Impairment of intangible assets
Patents [Member]    
Acquired Finite-Lived Intangible Assets [Line Items]    
Intangible assets useful lives 20 years  
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) - shares
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Convertible Preferred Stock [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive shares excluded from earnings per share calculation 679,923  
Stock Options [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive shares excluded from earnings per share calculation 1,081,667 1,081,667
Common Stock and Warrants [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive shares excluded from earnings per share calculation   110,884
Series A-1 Convertible Preferred Stock [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive shares excluded from earnings per share calculation   577,063
Series A-2 Convertible Preferred Stock [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive shares excluded from earnings per share calculation   102,860
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments   $ 41,694
Total   41,694
Gain on investments $ 105,919 13,494
Quoted Prices in Active Markets for Identical Items (Level 1) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments   41,694
Total   41,694
Significant Other Observable Inputs (Level 2) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments  
Total  
Significant Unobservable Inputs (Level 3) [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments  
Total  
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Property and Equipment (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 503,665 $ 503,665
Accumulated depreciation (452,902) (414,783)
Property and equipment, net 50,763 88,882
Depreciation expense 38,119 38,119
Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 432,499 432,499
Software [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 63,179 63,179
Furniture and fixtures [Member]    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 7,987 $ 7,987
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, accumulated amortization $ (404,298) $ (33,049)
Intangible assets, net 3,664,343 4,035,592
Amortization expense 371,248 2,602
December 31, 2021 1,006,751  
December 31, 2022 1,006,751  
December 31, 2023 1,006,751  
December 31, 2024 638,105  
December 31, 2025 2,602  
Thereafter 3,383  
Total 3,664,343 4,035,592
Acquired research in progress [Member]    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, gross 4,016,596 4,016,596
Additional expected costs to complete research 65,000  
Patents [Member]    
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, gross $ 52,045 $ 52,045
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Narrative) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Loss Carryforwards [Line Items]    
Future federal statutory tax rate 21.00% 21.00%
Increase (decrease) in Valuation Allowance $ (312,000) $ 198,000
Estimated NOL Carry-forward 10,483,000 $ 7,839,000
R&D credits $ 379,000  
Maximum [Member]    
Operating Loss Carryforwards [Line Items]    
NOL and tax credit expiration dates Dec. 31, 2037  
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Schedule of Income Tax Expense) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Current income tax expense/(benefit)    
Federal
State
Total current income tax expense/(benefit)
Deferred income tax expense/(benefit)    
Federal (840,812) 27,096
State (146,541) 4,811
Total deferred tax expense/(benefit) (987,353) 31,907
Total income tax expense/(benefit) $ (987,353) $ 31,907
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Income Tax Reconciliation) (Details)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]    
Federal Statutory Rate 21.00% 21.00%
Effective State Rate 3.66% 3.66%
Incentive Stock Options (2.01%) (1.81%)
PPP Forgiveness 0.68% 0.00%
Officers Life Insurance (0.01%) (0.04%)
Meals And Entertainment (0.00%) (0.01%)
Organizational Costs 0.00% 0.00%
R&D Credit 0.91% 4.61%
Change In Valuation Allowance 11.57% (25.96%)
Prior Year Adjustments 0.91% (4.09%)
Other (0.14%) (1.55%)
Effective Rate 36.57% (4.19%)
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets    
Loss carryforwards $ 2,585,042 $ 1,933,118
Marketable securities 121,212
Non-qualified stock options
R&D Credits 378,524 329,186
Less valuation allowance (2,060,283) (2,372,656)
Deferred tax assets 903,283 10,860
Deferred tax liabilities    
Depreciation/amortization (6,087) (10,860)
Intangible assets (897,196) (987,353)
Deferred tax liabilities (903,283) (998,213)
Totals $ (987,353)
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.21.1
Notes Payable (Details) - USD ($)
12 Months Ended
Jun. 05, 2020
Apr. 17, 2020
Dec. 31, 2020
Dec. 31, 2019
Sep. 18, 2020
Aug. 19, 2020
Proceeds     $ 2,095,831    
SBA Paycheck Protection Program [Member[            
Proceeds   $ 71,268        
Economic Injury Disaster Loan [Member[            
Proceeds $ 3,000          
DCA with Dole Food Company [Member[            
Payment upon execution           $ 800,000
Payment twelve month anniversary           800,000
Payment thirty six month anniversary           250,000
Payment forty eight month anniversary           250,000
Reimbursement of costs           2,200,000
Expected field trial costs           750,000
Notes payable for Dole funding           $ 5,050,000
Research Agreement University of Wisconsin Madison [Member[            
Expected payments University of Wisconsin-Madison         $ 2,159,719  
EIDL Program [Member]            
Proceeds 150,000          
Monthly payment $ 731          
Interest rate 3.75%          
Accrued interest     $ 2,261      
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity and Warrants (Narrative) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
May 01, 2020
Dec. 31, 2019
Oct. 19, 2015
Class of Stock [Line Items]        
Capital stock, authorized shares       800,000,000
Common stock, authorized shares 780,000,000   780,000,000 780,000,000
Common stock, par value $ 0.001   $ 0.001 $ 0.001
Preferred stock, authorized shares 20,000,000   20,000,000 20,000,000
Preferred stock, par value $ 0.001   $ 0.001 $ 0.001
Dividends accrued $ 1,236,228      
Series A-1 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares       600,000
Preferred stock, par value       $ 0.001
Dividend rate 8.00%      
Series A-2 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares   200,000    
Dividend rate 8.00%      
Series A-1 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares 600,000   600,000  
Preferred stock, par value $ 0.001   $ 0.001  
Stated per share value of preferred stock $ 5.25   $ 5.25  
Series A-2 Convertible Preferred Stock [Member]        
Class of Stock [Line Items]        
Preferred stock, authorized shares 200,000   200,000  
Preferred stock, par value $ 0.001   $ 0.001  
Stated per share value of preferred stock $ 5.25   $ 5.25  
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) - $ / shares
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Number of Warrants      
Warrants outstanding at beginning of period 110,884 110,884  
Granted  
Exercised  
Expired (110,884)  
Warrants outstanding at end of period 110,884 110,884
Weighted Average Exercise Price      
Warrants outstanding at beginning of period $ 6.60 $ 6.60  
Granted  
Exercised  
Expired $ 6.60  
Warrants outstanding at end of period   $ 6.60 $ 6.60
Weighted Average Remaining Term (Years)   10 months 14 days 1 year 10 months 14 days
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation (Narrative) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]    
Number of shares reserved for issuance under 2015 Stock Incentive Plan 1,400,000  
Expiration period for stock options 10 years  
Compensation costs for incentive stock options $ 219,718 $ 55,828
Stock options granted during period 640,000
Number of shares vested during the period 179,999 183,333
Unrecognized compensation cost related to share-based compensation arrangements $ 405,449  
Unrecognized compensation cost related to share-based compensation arrangements recognition period 2 years  
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation (Summary of Stock Options Activity) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Number of Options      
Balance, beginning 1,081,667 566,667  
Granted 640,000  
Exercised  
Cancelled (125,000)  
Balance, ending 1,081,667 1,081,667 566,667
Exercisable 688,332    
Outstanding, intrinsic value    
Exercisable, intrinsic value $ 102,667    
Weighted Average Exercise Price      
Balance, beginning $ 1.74 $ 2.33  
Granted 1.54  
Exercised  
Cancelled 3.00  
Balance, ending 1.74 $ 1.74 $ 2.33
Exercisable $ 1.85    
Outstanding, contractual term 6 years 8 months 2 days 7 years 8 months 2 days 5 years 11 months 12 days
Exercisable, contractual term 5 years 5 months 9 days    
Granted, contractual term   9 years 9 months 29 days  
Cancelled, contractual term   7 years  
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Sep. 18, 2020
Monthly rent payment $ 2,378    
Rent expense 28,535 $ 28,535  
Total amount of grant revenue recognized to date 262,400    
Total possible future royalties owed $ 393,600    
Research Agreement University of Wisconsin Madison [Member[      
Expected payments University of Wisconsin-Madison     $ 2,159,719
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Related Parties and Transactions (Details) - Chief Executive Officer [Member]
Dec. 31, 2020
shares
Related Party Transaction [Line Items]  
Number of common stock shares outstanding owned by related party 1,902,088
Percentage of common stock shares outstanding owned by related party 29.45%
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.21.1
Liquidity and Going Concern (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Cash $ 215,836 $ 45,441 $ 131,406
Forecasted amount of cash used for operating expenses 1,351,436    
Net cash used in operating activities $ (2,297,317) $ (625,980)  
EXCEL 59 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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�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end XML 60 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 61 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 62 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 121 305 1 false 29 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://evolutionarygenomicsinc.com/role/fnam-daei Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://evolutionarygenomicsinc.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://evolutionarygenomicsinc.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations Sheet http://evolutionarygenomicsinc.com/role/StatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statement of Stockholders' Equity Sheet http://evolutionarygenomicsinc.com/role/StatementOfStockholdersEquity Consolidated Statement of Stockholders' Equity Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Cash Flows Sheet http://evolutionarygenomicsinc.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows Statements 6 false false R7.htm 00000007 - Disclosure - Business Activity Sheet http://evolutionarygenomicsinc.com/role/NatureOfBusiness Business Activity Notes 7 false false R8.htm 00000008 - Disclosure - Summary of Significant Accounting Policies Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 8 false false R9.htm 00000009 - Disclosure - New Accounting Standards Sheet http://evolutionarygenomicsinc.com/role/NewAccountingStandards New Accounting Standards Notes 9 false false R10.htm 00000010 - Disclosure - Fair Value Measurements Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurements Fair Value Measurements Notes 10 false false R11.htm 00000011 - Disclosure - Property and Equipment Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipment Property and Equipment Notes 11 false false R12.htm 00000012 - Disclosure - Intangible Assets Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssets Intangible Assets Notes 12 false false R13.htm 00000013 - Disclosure - Income Taxes Sheet http://evolutionarygenomicsinc.com/role/fnam-it Income Taxes Notes 13 false false R14.htm 00000014 - Disclosure - Notes Payable Notes http://evolutionarygenomicsinc.com/role/NotesPayable Notes Payable Notes 14 false false R15.htm 00000015 - Disclosure - Stockholders' Equity and Warrants Sheet http://evolutionarygenomicsinc.com/role/Disclosure-CommonStock Stockholders' Equity and Warrants Notes 15 false false R16.htm 00000016 - Disclosure - Stock-Based Compensation Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensation Stock-Based Compensation Notes 16 false false R17.htm 00000017 - Disclosure - Commitments and Contingencies Sheet http://evolutionarygenomicsinc.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 17 false false R18.htm 00000018 - Disclosure - Related Parties and Transactions Sheet http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactions Related Parties and Transactions Notes 18 false false R19.htm 00000019 - Disclosure - Concentrations Sheet http://evolutionarygenomicsinc.com/role/Concentrations Concentrations Notes 19 false false R20.htm 00000020 - Disclosure - Liquidity and Going Concern Sheet http://evolutionarygenomicsinc.com/role/LiquidityAndGoingConcern Liquidity and Going Concern Notes 20 false false R21.htm 00000022 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://evolutionarygenomicsinc.com/role/fnam-soapadobp Summary of Significant Accounting Policies (Policies) Policies http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPolicies 21 false false R22.htm 00000023 - Disclosure - Fair Value Measurements (Tables) Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://evolutionarygenomicsinc.com/role/FairValueMeasurements 22 false false R23.htm 00000024 - Disclosure - Property and Equipment (Tables) Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://evolutionarygenomicsinc.com/role/PropertyAndEquipment 23 false false R24.htm 00000025 - Disclosure - Intangible Assets (Tables) Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://evolutionarygenomicsinc.com/role/IntangibleAssets 24 false false R25.htm 00000026 - Disclosure - Income Taxes (Tables) Sheet http://evolutionarygenomicsinc.com/role/fnam-itt Income Taxes (Tables) Tables http://evolutionarygenomicsinc.com/role/fnam-it 25 false false R26.htm 00000027 - Disclosure - Stockholders' Equity and Warrants (Tables) Sheet http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables Stockholders' Equity and Warrants (Tables) Tables http://evolutionarygenomicsinc.com/role/Disclosure-CommonStock 26 false false R27.htm 00000028 - Disclosure - Stock-Based Compensation (Tables) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables Stock-Based Compensation (Tables) Tables http://evolutionarygenomicsinc.com/role/Stock-basedCompensation 27 false false R28.htm 00000029 - Disclosure - Business Activity (Details) Sheet http://evolutionarygenomicsinc.com/role/BusinessActivityDetails Business Activity (Details) Details http://evolutionarygenomicsinc.com/role/NatureOfBusiness 28 false false R29.htm 00000030 - Disclosure - Summary of Significant Accounting Policies (Other) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesOtherDetails Summary of Significant Accounting Policies (Other) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 29 false false R30.htm 00000031 - Disclosure - Summary of Significant Accounting Policies (Property and Equipment) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndEquipmentDetails Summary of Significant Accounting Policies (Property and Equipment) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 30 false false R31.htm 00000032 - Disclosure - Summary of Significant Accounting Policies (Intangilbe Assets) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesIntangilbeAssetsDetails Summary of Significant Accounting Policies (Intangilbe Assets) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 31 false false R32.htm 00000033 - Disclosure - Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) Sheet http://evolutionarygenomicsinc.com/role/SummaryOfSignificantAccountingPoliciesNetLossPerCommonShareDetails Summary of Significant Accounting Policies (Net Loss Per Common Share) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-soapadobp 32 false false R33.htm 00000034 - Disclosure - Fair Value Measurements (Details) Sheet http://evolutionarygenomicsinc.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://evolutionarygenomicsinc.com/role/FairValueMeasurementsTables 33 false false R34.htm 00000035 - Disclosure - Property and Equipment (Details) Sheet http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentDetails Property and Equipment (Details) Details http://evolutionarygenomicsinc.com/role/PropertyAndEquipmentTables 34 false false R35.htm 00000036 - Disclosure - Intangible Assets (Details) Sheet http://evolutionarygenomicsinc.com/role/IntangibleAssetsDetails Intangible Assets (Details) Details http://evolutionarygenomicsinc.com/role/IntangibleAssetsTables 35 false false R36.htm 00000037 - Disclosure - Income Taxes (Narrative) (Details) Sheet http://evolutionarygenomicsinc.com/role/IncomeTaxesNarrativeDetails Income Taxes (Narrative) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-itt 36 false false R37.htm 00000038 - Disclosure - Income Taxes (Schedule of Income Tax Expense) (Details) Sheet http://evolutionarygenomicsinc.com/role/IncomeTaxesScheduleOfIncomeTaxExpenseDetails Income Taxes (Schedule of Income Tax Expense) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-itt 37 false false R38.htm 00000039 - Disclosure - Income Taxes (Income Tax Reconciliation) (Details) Sheet http://evolutionarygenomicsinc.com/role/fnam-ititrd Income Taxes (Income Tax Reconciliation) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-itt 38 false false R39.htm 00000040 - Disclosure - Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) Sheet http://evolutionarygenomicsinc.com/role/IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) Details http://evolutionarygenomicsinc.com/role/fnam-itt 39 false false R40.htm 00000041 - Disclosure - Notes Payable (Details) Notes http://evolutionarygenomicsinc.com/role/NotesPayableDetails Notes Payable (Details) Details http://evolutionarygenomicsinc.com/role/NotesPayable 40 false false R41.htm 00000042 - Disclosure - Stockholders' Equity and Warrants (Narrative) (Details) Sheet http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsNarrativeDetails Stockholders' Equity and Warrants (Narrative) (Details) Details http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables 41 false false R42.htm 00000043 - Disclosure - Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) Sheet http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsSummaryOfWarrantsActivityDetails Stockholders' Equity and Warrants (Summary of Warrants Activity) (Details) Details http://evolutionarygenomicsinc.com/role/StockholdersEquityAndWarrantsTables 42 false false R43.htm 00000044 - Disclosure - Stock-Based Compensation (Narrative) (Details) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationNarrativeDetails Stock-Based Compensation (Narrative) (Details) Details http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables 43 false false R44.htm 00000045 - Disclosure - Stock-Based Compensation (Summary of Stock Options Activity) (Details) Sheet http://evolutionarygenomicsinc.com/role/Stock-basedCompensationSummaryOfStockOptionsActivityDetails Stock-Based Compensation (Summary of Stock Options Activity) (Details) Details http://evolutionarygenomicsinc.com/role/Stock-basedCompensationTables 44 false false R45.htm 00000046 - Disclosure - Commitments and Contingencies (Details) Sheet http://evolutionarygenomicsinc.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://evolutionarygenomicsinc.com/role/CommitmentsAndContingencies 45 false false R46.htm 00000047 - Disclosure - Related Parties and Transactions (Details) Sheet http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactionsDetails Related Parties and Transactions (Details) Details http://evolutionarygenomicsinc.com/role/RelatedPartiesAndTransactions 46 false false R47.htm 00000048 - Disclosure - Liquidity and Going Concern (Details) Sheet http://evolutionarygenomicsinc.com/role/LiquidityAndGoingConcernDetails Liquidity and Going Concern (Details) Details http://evolutionarygenomicsinc.com/role/LiquidityAndGoingConcern 47 false false All Reports Book All Reports fnam-20201231.xml fnam-20201231.xsd fnam-20201231_cal.xml fnam-20201231_def.xml fnam-20201231_lab.xml fnam-20201231_pre.xml http://xbrl.sec.gov/dei/2020-01-31 http://fasb.org/us-gaap/2020-01-31 http://fasb.org/srt/2020-01-31 true true ZIP 64 0001553350-21-000252-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001553350-21-000252-xbrl.zip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�!/_7#(VY(KR.) 996JD QG6YF).(E[^I;59 MRKB,)3>9S+U+@B!DWT^DN:%H/03B)@4[U/V^3&8>O>Y4N;>H]@X/WIRT[(MBI>CP8_)XY"UFW)"$0/D3Y\H0*BH]>IZC%)4/X0KA&DF\Y_(:4: , M9L\79: [L7>>+&_EGZI0YB)IS 9SL1HQA106$I.!B8 ["!AB$@'H\*E^[*,D M/ ?NYG'A8Y$+)_P64Y9I0O'L\PX.,'/!85&6(U2_$%Y'(4YX6?BZBHI^TIQ> M.:A02N2&XS-^,HV1K%RT?7\O*#NHTOT&ZB&$TN1$8@454C:<0Y1T"?UR;M#$ M-_SPD%%T[&#M;I#)RS+V;WR&99TCK.,7U#6XFM>QLC5?['NQK-+,'RXOFKZS MH[#]*($1I60@U\$-HP>_?F/_$">1X<0-+K65/+,&KTV>7)3>83PY8)#$U(C0 MKK5\%(;LC7WRZ>=^?9 ]31Z5%*FG#0MB]V]IB>Q,VO4ST\[<870Z<4 A(=;R MN>B%G3B8E2BGR:Z\7KI-@O#SKR?")!_$[BU;WV7<;G\S($ARQ>G@PV/PHS$8 M[()CORKAK23@)]7AYW,>C0B/G,N?H"3@>5+DL4_BO#\3QV#D(9AP;:*CM>$Y M+EOZ52F\*1,>"I$!K L02B/:Y7(_V>!76$F+&1[,PIHTX=)(#<#"HW]8';F3 M=>^";"9#.HFX+P[F+-3PG&P)C/C*WHA#(PQ+?_S3>BEI!O^-AX)W^T"4EZ1Z91RB?,)!PG: 6!2W M0*3D6#<6_\ ].E"3"/V'MSDD\.!BVJ@@1!NGD?T&V$_.(BW _)@XRGS^3 M@FLYG9GR9'=P\=$WSC^FKPVD!- M [KCS*?]4[\1DX5_ M%7YZEI>2W3\R%OSLN?L=?TS)<:$O>%@1N"+*O27GV9>U "S=2^\]/C0M MV:X,#F&0/*8^$)7PH*($]Y@H<#MYX@Q$[BMT?.!*'FUH>*HR?M@C)Y)@"YY_ M+)';B^$OV68CKP3XQU_Z?\%_^SMK&?[[7(NO-5^/*Y_;4&X'^KL@O@BAW_]K M]/; "W\?VHSCW\9G")(]E4ZTB3K=V[7^K\X'O6&S"#0#>]!OZP+84=KO9GAL M-5_- G9T]JLEWD1RH55;8LO-8;HO+79"S"M,72,2V=6FT JNW'/VOJ&6^$T7, MG"9=1WV+?F>2Y]Y@Y0Y'9MP$;.L?<""8DS>?D&<-?FCK$FL%MC9YG/?Z68=W M61[O^2=8).8$AN@L<_L5(CQ(K&\<[NJ?E;]A+?)WL=>I2O+7!-CVR-\_'3>M M[(UJD+U1FML4REW.7&0Z$'\HX1O)(33R8T.7//>^U7HO2;"?PE'!/ M2$R9>JN9$32)^SAJ4,L]DI5.,Z'M!%H27$*;A4XJ@_8XFJ@X7+TFE]"2X*;W M2AKQ0O*Z&G'/ ;_!N-#Y)=4$R3F7/[^_GQ9KT>M_"D!,1Y9.7_$S'IC31=%K MKFJ87A)*$DH22L6%LIZ+THH)9>ZK8>443P:YI[@,P53E_N[:;_@UFZK*[I6LAUM5!+]QWM7PLM >H#U >X#V0!WA6\7W M0/.,4I.KG^G^<]H'.NZ#JKVN^ KT^%18VF->J5ON-MC0ZDRW7?NH=W.0/&M& MY[:J.; SZPUU.3%4"M:F#@RI$Q^LIP@X*_#9J(KS#LF#HAG&H]7D:P66)*6I MR2?%I_'IAVID'LA=*V5=-["ZBY$\C=&VE5$@&X8?'EY9TI9PBLJQDC*Q'7HM MF6+BHZ$Y7C1STJE%JZX%2!+-AE:]UG+C>WE=4X-&4AT^7A>2_%(^'9F#67XA MUV>*"$EWQ485EOOQY 5V+; PA0H8:1CY]^',7,QG>0>5HCA3Q;71 B3M ]H' MZMBRO :K4VQ('23Y]\&D/S*GTTD'YHB0=%AN5"'TUVI7D MSIQ-B^ZF.N979[).8IE5+.=SQGKQU)&!RZ7_+VZQA"OQ]AMVN_X( MEX6Q3W WX/$%VE_@395=B?6BX@@N>;77S]$DICT#\/+V>+R:OO !@ZQXZ1Q" MJJ_2.81J*$[7RW'5*)%L?76Y;F!)4K0JJB7%U^X"YKC_BXAY/2UPF?Y,/W'7-\IDFEUI=' M9KQSMSO+>3881[X,?"-P#8\MW0?'_I,=N%OX#3XV_K'PQ?@W;2CN>BTW@:6] M.Q';XM]<^BJQRY!*+7#]SW"10BN_EHS\/[Y7C \.2!X.J>+4 MZ;P0V'H3\ U@K45HYHO>N/3<^_5Q1*S2Q9G5OCCU1"'UNG'DA;H_"S-9U&9P MJC%H)&1T26::G]$686PB8WQDU+/X* .SWY^:LTD3DGE9FS65,&Y"'U6F=%*[ MG^53A=J"'@1$(8V@P;8GAG)&6:2.HI+U)XQ$58BJE*I]4M^#J:UA)B E:H3I M:&X.^I55=*FPZ8FHG%$5^5>]W0:6,#9.5(;F-'VC+B(IJI.4+X_,8]8Z8%[K M;7%E0,K/YF@$M8 J&9FC2CN>::!1B &]A!G]]<4-K U9<"4T1&7WH9>;=ZKY M.O0BNB]58>>%9F!E5I*=;QL&95RN V56M^L;9^EN^2^_RV?\Q!RVMH.2B])P MBL2KC,#Z'I6'K?FS\.&VLX=:+VB%AB."2\8=W_8#G^X8UZA?EDY8ZVMQ(V7K M@A8OCQ8KTI0D,W^C5DTY)U\KL"0I6G6H*:SQTK?XTGAJZRH+I=9>7=.-^L@0 M]?6JM+7!N[WG\7DW[!=NU-LW7X77UJY#WIT#F?_P'DTN@20QU:#E31$V?;5A MZ^!'8SB.)MAV5MPB_&A8.&Q3?&LLH@ MDD[;H$U8%=^7ZEBB-BVZ3EA)0!7SA/##]VS-/&C&11F%MH*D4"V!U DB6FC M;@-E%-1"4J!1]WS<-^>#"IOH5-UM7I]54@=)?GD9SLQ^@?N7=-"/E$+0-=S8 MDF$4T.:#\=2HN_ZMS_350NV<:)?QU238.H'MF&NK])$9[N@,'/?IO,MH#ZLUVP9 MV-]8])S/5L ^LZ7K+.V-C3V8JN@!=6(ZSO>+"MA67 2XAP91#\;:]; 5U,KF MZ#WF+)EO?&7!$V-.PGCQ_V@%_)E6L ]<[SEIUCP^1G'-(#S&6@9[;O98.!7X ML6%Y<"FO;#?E=[[9U*0W3GL%7X:O3B>'+0A>^^Y@T!ND_:[2:--0NG.AE=YH ME#E$<4'%IKEPD*V,>KOB'*V*>FTW\BQ$W'EC4,&E?O4T;SF6:[6[MY 8*=J_ MI0DQ4B"BBA_*4CKC/J(FGYLI$$FQ.YH/J&@!\I@99*J]&O3Z_08PI]F"^.%? M:=4U!MEET:PU>!JYTJC863&EKH[D:8.DB*"/>M/*JE]KT+/:K)$Z2-HN+:J0 MW1L'G RA%2%Z>+O#MNYDK34&663O7 U[_2;NPB2VVPF0A41ST)OK+)JULMV[ MNSOCH\O_VS?F,#^_/E='Z+1!4D3&^[WI7'7JTH8U4@=),6DIX/ZKK/4J(+JW MZ[6]9)YO?++7S+AQ_+UG<>Y+AEICD(781)^(KIZKK@7(HJ*9_]+ZYD6S5J+[ M"[,VOG'MK(P/D"P-+-O9,B=H/W%0!TG;*4P;UD@=),T9;9757Q6,UWNP''GS MJ+4QWKE^0'%=G4$VIF>;IQ3=770M0'98,FLENY_%*H_F?WMOO//8RB:>JPES MZ?<6RA.7-JR1.DB*2,NX-U5>6E2AN>\>+>#R"Z M2_4,FA 9HKTD+1DTX[C77Z@N+JKPWMO@D7FMLL^U=CMMR3 *9E,&J?/,M79M M[2B+I@U0>T7Q9-+J#=#0"3L]S]95T$1)*["%SEQ-,\1;*NCXU&9G@.2RD$LQ M2.U2J"*7IW4X_OE:W['LS<+.-QX++QWD#[GV?1;XU\[JDVU]Y<\);.97U7/L ME;98A:/ IF*;>!S&$Z,^8OB TYWSROKJ82_! M!@#4C+6^:R).]>!1X5*M>OHV904^&Z4Q)5E[,M7;>ZV9R=<*+$E*4Y-/BD_G MAG65R'P]C0])*[9>C.IH?*B+RJSRGOG87D^6MZJLHDJA^[?505+@)G!S,I^8_7'C5\=W:KW409)? M<@;F8C0R!X/*^@LIH1 KX,6_6-[O3 3S?;;<>Y@X:('!Z3#(PI1C,J#))9#J MBNE@.#"'@_PD09V9K946_^HZ5W_L^8_6-H.G0V[;+=@15QU)U =)H_I9GVDB M)-T6'548\LNV!,2/M099X.K/V=R<#)OH7J?'S!)(!61TN# '\R9.X"IA '+' MC)GO&]^B'@M6X1X+C8EAC@,J;<):X,;QH=F?]LWAO.B=XS5,=7NN'">Y3"&7 MH]G0G$Y2*W5EY5(53M_V:I \YU1H' 7VZ*(_*L%P:+<^6H"DS5!W?+YOSJ>I MVU[JO1=J=5(Z%>M4!TFC-5SZ3!,AZ;;H*$GN$\=A6T5J.@>2"FD)I 8@24SK MI\7OV-KR3 *;+WY8F8.TK?WKK6K8/5ZGD2G)<,HL ,6 M\YDYFE19(=#X#JB9NY<_A3/VCN^$^@/_AC[T=//_J!NS?EN=93N#?>I]A M[OR2.\M#AWC1X-UV'@S9RF6_Y5^S_V2^$?"/_< *]M@\'O[USMWN+.=9RM9X M^C??L!X>//9@!,E'2 M5T?8G#355V>3+ @:;CP_&_7&C0+(-K&+] C.K4'KFT5/+UVRHANRC1;]AQ<9 MQW:Y^?"O>^S:[JX/U#0,,S1=&>:A.F-/':[KD;!Y__*M/MF%[-]H=MG*>'7$ MY;SKFH_0>F#&"WG^\)UY2]MGQIUGR[/=+104K<#6IS=[PZQF(:-4'XC:61G\ MS+:6[0!7?_'1%^9MW\!MX/X/=2QW[6:RJ<-2]!?]17_17\W\U9S^/J\'=<14 MQKU7EYRG+EF.YFAD W)9(:82Y#*-RT6BJ;88J(BI%)5YV6\BT538J;Q/Y:SM[QG8V :T;5G=9=79)YL GD2Y%%614V0QXFR3+ULX+39G%J^ M=@'D?S4AFX=YT2RBR15$_E.0M.3-@]1%>::X[_2,\NP5.-:MCN6L-6S],R1< MV4HAGMEZ)#7NPPJ9BD1'E9P=15* 29#H=%[MY+;Q=ANWQ)5*_\A 55CT353H34RGRHD5 $"5&5QS7NV M9'B:;T3E-?J#U,4;HO(: GD1))77=&[)27E62:CZ5%Y#Y37J(U$JSTWE-82$ MRFNZL&!*J1TJKZD])$+E-6T J0N)I_(: JD\2"JOZ3I(7=0IE=?4'AFA\AH% M\ZV:Y89SLZ W&1-!S=4NM.<"*"4+/92JJ,O1*]^\GRV0JN)&*.;P6VZ^#C;W?PIW^]#.QO_ 6'%S"5/2#3 MW4NIKP@:9[@B:)K^N\W?O33N-7M/5):)G6DTJ_/BT_JJRU-"^];A?-J;Y+O6 M0X5 ;&/(VGP5RKR??>*+W"(EC7F&F=!JV;0"6YN,#2Y[TK5FB M-\_O.VFS4(1$.<*H&RNL(S),+9'4V3UMCV84H*?4:X9 :A 6)C%M!4@]U&E> M_DU"2B I1*R;,U :XW\'E2";#06)BR IO_%+=3:G@B8U!9C\F\%PDB723&V] MJ*U7]6'L44\'B22-J:W&S$O69R28A$1-N:AT>A M_H[&IHJ'^DD$"*0&H7Z:7+U!ZJ%."X;Z:?T))(7ZE7!4:@WU5W %O#H\7[5( MUJL]754+914!6X3<#\S^?)#E4&>>!KKJ:-,VR:@2;9^K+&2?%;UJAH22%&=% M20!2F(1$3=ZM$KFF+("2\"@+T-&P%64!"*0&("D+T'60>JA3R@(02-5!4A8@ MC:/23!;@H/EC@8LKU6'YZNP8=0R,2M%[?1=,/R3Y.RBJ$51O_PIU2LW4$>O6 M=Z$(B7+443=^6$=WF*+M!"E4W#Q(/6(;U!N&0&H DGK#=!VD'NJ4>L,02-5! M4JBX+%= H6Z0ZM!Z=;:(.A9%;1:NS8H1$M68L3;3I X2A=1.@VQ5F^4B),HQ M2-UH8AT1X^+=!2EFG!-DCJY5*H9!:AU&O8PW1X,N%05-"Y"UBE%+AE$KAZ?- MT%(I:HMIJ,\KH:U (*L"25'V-.Y33A>OD>.A*IP!5<<34V>/ZA-O:_9!L[,V\#O'BQK]^/]\I&M]AMV MN[Y_M#SVD^6SU3MWNV..;P6VZ]P'[O+WVQW\Z5\O _N;'3Q_@<=\X9!^VO / M__L__^/O;[]_]3;VC_"__)__#U!+ P04 " #W6W]2UD!IE,L- #DA0 M$0 &9N86TM,C R,#$R,S$N>'-D[5UMI.XS!^Q([ MZZ2PL;=>2L4$/SMH'1X=.)2[PF-\_4Z0JW<0/SD?B!U@BKIA/I7,A M9G.?:@H584NGSJO#U\1I-"J(_4BY)^2'P74B=JKU_+39?'AX..3BGCP(^5D= MNF)63=Z="*1+$V&7]\(/-/2)R 6J(&;,5?]UKKE[Z+3:_VIWCUOP3_O(:1W] M?/@X!N6Z1 -?^ZB-%4?'AF38>G7:>G/:.OZM8B!3]5XW]EBDW M8?[/%S57;QX'[-=)CW\?W'XZGM_VR,\=-NJ??'WU\63QZ?-4_:)?CG[EY&;Q MB=T-OO_:N^M^&DR#=N MWMP9NH.0\/319_QS$7GKY.2D:6ICTASEXTCZL>CC)E:/B**)9*AE%GK&E2;< MS=![.F%($[]JAI494E9(^CHD93&I1U?H%'4/)^*^"15 WSYJ'+4:QZV8/%"- M"2'SA&5,U,B(CBJ*6:3PJ2KD,34%3$KJ/#T4%I,V]&)>U$!25<#&!>?!K-C^ MGI9-Y&L"40.HJ&1NPK>>*W3,.#-]B.:4EM/ &21 ]=,?"?><2ZZ97C@XN!ML#+.\#2R^(7@2OC,@Q+/B00YH:3:VBO6[A,):DZI9M#Y M-GZ^TX'%?' MP7F1$?Q=C0MM)J93O7%OCK$=$$?#H:3.CL=+&QY+B8X8.TN9-1(I)'KC.RW< MSU/A>Q!)7WX)8/)> :20Q([+JTJX("QIT?]V0N$U0-FAR^=OG0Y8/9#.I@NF$3#D&T2[CNN*X((*+DDSZXJ\MH/ :JT=IA^7X5EDBJ MF9>667.,%0X,^+"T#=+B' %N.I92VYTVKT$M/F$CGW:42O;1N5*[O=NK]E[R.Z& VM11 M8HCI5%J(K7/DX[QA01QUAN2Q7B_->BDT57VR(.!JT2J9+K%;]V5N;41>)V*N MS4N;2^LT+L1L)KC96H:&+JFSF_Q5+CPLV*N:6?H7(B6I%\=HXPI&:N"YBX>G M=)0KT^-XZUI<:0?B=2$0C7,4XZ3EU/:G3?1OIDVL!E$([/,Q=*9\N76R$=AQ MR&UC4Z+,.,@(J\&@S0'U,4\[B1V0W 8V$N9$T@PH M:7DU)CA N NJ99+/*V5VJ^>VJ5GNVL:T><-@M5".V@Y':^:U-!-5+K1%)JB&H?..AIZ=49M#9 M@L\*W'%N:[W)AL2T\UV-[.;(%D7#6P!M$V/'O6"_O\%&M# "KQUA"T>(XFA_ M%$7C6SA!F0B[ SPI$[%L,HK^:^RWP/X]U3="J3Z5T='DE$BZA0-8Y=B]()?J MV,0+H%T'&W;ZX1?SH&G'M%U[P_I4509G*X4=P5QZI#1954-BSU9E$-E^9Y0FK#!9EE78<"M(IN915#4$: LPVF633>TQEP+:-KL!03F"'(I=$ MR6:V$FGUNE&&"'Y3V@M\VALGA9>/F-THA6@]AQVS7&HEBUDL'@.%98T3-5$# M690.9EIZF8RP*;##D$NL9&%(F7Y 7<%=YC-CC1J!]4.I2\=42NI!<;@@P&)_ MP\@(;(AW:-:/K(H"K B_S&5@R@=:W)[!.UK#,*A(M5GC7GKS-H-G484=IUS& M)',/MS9[Y0.:XNAB,Q8[5/G*3Q-A!WJ? )C/=2I M'$=2&+=:HU_E_,XRA"L0VQ'-)33*S_3J,;L1:LML(M;WYEAF&;%;"K"C6_S5 MBD)TTZE()'*B!NNQNO']_PRX%>CL&.8R*]9O ]0@5?Y>0 :F2I1VH')YEW7? M$JBQJG*7/0/3.B([0KDLB^5F^U\1'/P'EYD!'3OFA;]3?*;M[$ Q?.;Q("J; M2CJ.DB;Q.VF_@VJ'CS,_)D'1EA?^#)ZKUH@:CD40Z>:DY%X@!"$FFP^CIQEW M/A:@F4;V?JH9!]L!3VD^A\H^&6VJ,K!0_QOJ>H/RGU5)\+Y-E5QQV&^DZL6R ME6=5&(;.I@IG1]LWTK>;-))6-WJ)L+E\BC#Z>_6YPK>@N)#:X;EG$&WO;X8O MA]X(UXBRL.!?C9BO@46-5KMQW#I\5-ZRIYMT8FF&S3H1\VW1">LKH$6]4&5, M^*&QY*[: >N;HB5F,.T7,C:IKU5<\L3>Y%_KW+X[1M86_:GP4&D55TESO@\9 MT5=.T%=:KY_8F>TZLG4O,LYGKH3(Q>9>FV:,_WB*OZR^5EO)56*FT$WP_=JG M]6!;E\WW8XV_1J_/)@=)OW<\S\S3Q,?C-U?CIEUI-13Q8]D#"$A@69@>&!7. M#C9A8+Z/^>VS RT#7"+P*>536#J8\(9FA0LG81U7C<*W,,\.7$D]?$*;S("Y=*0Z@9X* MR;[B$[RAGFMHJJN6UD$90<^@09]*_/(PF=#>N!=H;,HS;V9!;_L!6!]S(MU M0MF XKOJ]);*"96Q=D_@7ZNY%\CH\890=9@QL![;>P;-+\=CBCD01HWZ[)[YE'N=5Q7!OC&;N29:X@V@&%E4O'HZ!O.*; ZCZCLC5,O MQ:0&5N^!4^]\D_8]FHE2G0^[9U>A:#+:7,2.?9HLS+=1S?)' M^.+#7/#+1^H&H0M&"JXAVGJ=_+8NO=KM\\7P@?KW]%9P/>UPSG!A@*;*U+30 M_WDTGC(<;(\;Z%S.\:?1^@I"UL4EFTQU=;VM/'NJ^8"RV2B0*@IB(28(<.F) ME2ROWE-]XI \0@>B\@_<_*J.QD-RIB#*48S?$H\IP8+Y8DT7CK/!#I12?5[_!N M"?5^H3BC4J\#PQ "I &=$<;#DR(MB:LA*,8!V$IL\X<*IF ?K\/$^@$B,)7_*OG$'*< MNTX?"$E=HM#'9I@T37XNA4^B>_>)>M5(]Q76H=#$CSMN9C-,8/' X#/AF+X; MBFXJ9[()PYZ&?4:%OE *OZ 4YH &8D%\/*+K/2SCV0IT^PJKF4?/UT^UYZM3 M[37T5P;A#Y_@DP/#*>'1])M*+:Q,P+ YERY3M"^92S.S_,>--9C]WI]I+KKYN#(E>Z\GZFSK-27EK*]7D.SFUE--MI=JY#]Z*#.=!LIU<+=][+^-Y,9R*IJ?H0'J 4YMZSNFS'NG.- M[\X[$(ZX4^I^[DNAJ?D> 7R:2#);\; JE#O7YQ+LC*O -?]?(!==IC")(F\$ M68&K MWN=;GNWA1"452Q\]Y>"#RFTIC6R$Y"\=2T.NE6)=^Y9O&OI,?_QS>% MS&^EIWXJO1.MT,G4MA'/T]?WZ$:)QMMBS[&\APW_+Y<$L"5U>Z!/F^;X3U6^/A_4$L# M!!0 ( /=;?U)/WGQ.11( "?Z 5 9FYA;2TR,#(P,3(S,5]C86PN M>&ULW1UK<]NX\7MG^A]8W[23FZEL2TYR%U_2COQ*/75LC^U<'U]N(!*RT*,( M'4CZ<;^^ $E)) &"2THDH.1#XM#8Q;ZPNW@M/O[]9>X[3YB%A :?]H;[AWL. M#ESJD>#QT][7^\'X_O3R:_2#L^ M=M[MOT?.8 ! ^S,./,J^WEVNT,ZB:'%\/C/_9# Z/!P>_/O+U;T[PW,T((%0G8OWEE "BPIN M^.'#AX/DM\NF4LN7"?.7?1P=+,E98>:_)9KV.4I"4OB)!!GU\1V>.N)?;D&K7G%.Z8^9S@G7.#>B M ]'V8!J@^?]I+/7/.'PU':W7=2P^AUP8=,2(3%[SD'VR'G M!/E"DO"O> MN%:@>JAN";V9WD?4_75&?8^[SO/?8A*]@NG5 7 M<^?+\,WT).;?<5A+857[;F08S^?\=UQWY#$@4SXF@FCLNC0.(AZC;ZE/7(+K MA=H(2S=2QL_K'N^3?()Y];+60G5"Z 4B+ G$7S *N:(36ZRC4PO4"9FWC'+G M$[V. T\,Y87HL8Y*'4PG1%X&7&6/9.+C<1@"@E55^TZ(2[HGM4(K->MF<- ( M\\#WBB8":)N04. MPB0FUT<:+5@GI J1D"CQ#GP0GM+$K_$9%\"' T [(?D.^SPB>SPMBWA7O.L' MAKBH7%"R! +N2-(\HPPB8%*G;MT)85>$NUZ/)%[X,^4Z3/IFM>9:!]>=CPQK M?5*I68>D4+1 'ITL8!256_>7,#P(]]PN;2B"]I8\P"BNA^PED8 1JX?J,JF M9A7=IA7R?(^K[5^(<1\,%6$#%'W&]@;$UP%WLQ:2S0W'/-(]<:&=X0@1OWZQ M1@]F<(9Y$\TP W+1'J-!!E6.;:O\ CHPR'[F*OU)YBJWRGH-^DM+@*Q!8'M+3( TFQI?Y20#2&X-6$>D\A_Q WKA9BE" M. \R4&,'@'9-LMC2\F(?WTQ7'\]?1%!OP0,85Y=)(HF8!\P3\TW[D_,9GF+& ML,<_IT;*Q]8501/B$S&=WT3LS5!WON@&9$4#TG\"WW0(MT+6/UNKL+K\T#"' MW@KR/NET] M!=(/!->1[B+?C?W$)J_X_PL0^"7"@8=7H5J0O,$Q$Q[V!7QV&&CH#,3)H5@8 M4/Y'%'C..;>EZ-41AXK8/-O&Z(ML]0F3 NDC3N]J8Y__S*4>\OF1)VS)R>"= M#$%&]9)NG[H%6GUQ9HBRHJ(S4I.#05,43I+307$X>$1H<2 ,X #[4;C\DIC$ MX'"8'1+Z+OO\2YJ(G,:,Y?9%?33!?M+M+UF[4K,#@P2GL\WP#KN8/(FDA,\V MZ^G70I79R=G-F+D.93RN?MH;+M$CYA:L13Z?E;4X"(4#%VAX.HOG2_@IHW.= M=#-)T@84 M6X87B'C9'+[6!58TAZGEK5&U:#FU3B\I1]<\R8)%U7Q+H^:4KB7>^F)--[>@ MR..,SJIT4'8$5ED5DGW5LVZ=F5V0@/-^Q2>_7GE=5:NQ.C@[HFFMSF#L6Z>U MXAF_*I=@R\BIRD65/ALD:C/6I.5#86JV64UNE;@VSJO:6C!?RU:0N7?E7UB, MO28\-4)B>NA4,U8QI6L@&NLL,[\[4*M&96/3'@*L+@VKUJDEQQ3(4U@U:BKD MOT.C8KG3M]H&S-&N3=4-C;MD#47)Z75F2I6K;.HW/6,4+4B$?,4=*L64 !KVAV#-087A'4Z MO!.[R 'VSA$+2/ 8\BE,/(^3'7.>"1"7:+(="*SI]6FP#N&"L$Z'N;2!3T*; M1-UZ2--A#,I;]63#6K4]X/F",L1>4TZ66XGCN5A5&$<1(Y,X$@G> TT+3%3K ML04JT^&PI6);"VV3],OXF4JBKBE'%YL>#,I=7_/\F#MVH2Z843N W:_54"V@Z!$,5!I2 =9I;\9>NZ(J;?0 _ MGF]LU),_X2#619YU"VO\LRQHR4,7N;)S[QW.3_40DAD;F-[P#&B1KUH/I@$Q MR,CZB&-*TV408<:_5/-1#6%ZY-0JI61O=;Q;YX,_(Q*$8@#A\"8X?Q%\QB2< MI24.S_!$HS4 J&E'T51]8&E8I\>O J:P%-9T%-=0B4 MA'4:7,>R"RZ"]$);S'E>3[A/\)0RG+L!S"V4(:X (A8!+KD0DR-G')++UT_$ M5>]Y.^S4M//N0:)5Z88B,;$RD^I?1/7#V;:!>8TCR 2EU,RT\2NIEK*5[K5O MFS;+)2I.^.1YJMM+K 0P/7;A&J[DUL)94)ZI\1,B?KIEDMNQSG873E!(7.!P MA""R:L#".2^[5Z51V#8(BR=[SL@3\7#@A2GEJ_V&R_D"N?J+9PVP6#5<6^NW MC>1J1KG1K3=80?W"9M4[T&:5V*O*8_P+6M#P)Z=\>J#/73BY G^!K_?P33B! MR4E1&775@HY;1H41>B>O7T-Q.'>5 V?U1+0GQ9O@L"4J[5(*V%!!.QE,SO"" M895-665]4) M4+]*N? &@8=K]P5[M-A'2+JBX M6-2FB7K+D##5_KA+JE4+9Q?4"KG4WV8LZ_'!3.##+IE $T%:%Z5E=J1\HYD9 M*,&!*Q>'NZ1VC9SL&_X5_*=)QV9K:TH<)O<"T&OZ4A,=N[_%A.'*HEF:G8 & M."Q=E=.HMKP%T%A@]MDW)]G%V$OVG>^1J&&?O& #FF] 8"U=KVN@9+" K M1 M,ND/#'GBR5GLQBQA^A_8]Z:4D14W3;0-P6;I2M\F^H<+T3J+J)#&!0E0X&X6 MS90X+#%^6,&7:@A+(Y5&;1HCWHFZ,'F"$W^[JMNK7ZVN@[,T'+739+5@K-;G M91C&XF+NS;1XAH(G3.D'+*X ZVN#M,5G:3AJI__F@K3.+M1%TV\Q(]0KSQRK MK:$9%M/>O W/\GF IK-R*T\]=R<*W8BRLLQ#=Z+0Y;KVEH*X1E',N&M;/AZK M/JKU@W@RAH2N3\6#COP_R^;.\A&E'D^8@5[.5//Q8YF/#%ER>&Z-SEGC<]8( M^V+P&C^O^[^/4. AYE4P]*',$ ?.4Y\#[XM\Y?.?2NJ'AV7J!:R3 #M%Z+Z( M5[T#JJ9]6*9]"9H^J22OOW5->KEXNYKL49GL-9A3+IG>RY-5I$*^1S*A8AW; M*:W8=SX85=.X J%OI2$H0!QI5MLUI6L:!JIR=P6:WTE^L.KD<&+-R_<.^SQ& MK'S'3\W->R4W@^377RH M]IPC*83>QY,0_Q:+ZP#G3_T&_I10BA;(HY.%FEXI=L*S1^?-\J<>*Z(I,[$' M$974IC^28FY%/N:\2;'TR(LJ,=.Q(D5E=7IF@)-RGJ;C0HK34K9F@($L;5/G M;2,I&.?S-@/4:E]TULE>BLBP',D4BW*RI&-.G@A7I$P&V%FN+52]SUQ@1(K6 MTLJ$\R9#T*=&0&L4R<:"CKLC*:@WB3@)^N_M95_ETK724.0+#>*OTO];+)[, MU?N3+$YH1;-1:K+N*0LJ%DOE&D?B//HM9MDD5]P0THI&2FJ:B(9WYXC^'-ZA MD_;H)%T:$9$RH=,R+Z5!E1G=BAN#KQ@DQK=B MF[:#I;PI9I?0KKE-/#QC_PE_H4$TT_CT3?&:]OG I[7![W$W$*9U4:$96__! MB#T\TVV9Q@J=:7_?@T641/H6=Z=72(PL[^>XN7=GV(O%-]*V M;I&])5:Q];'^C9-A_MZ*Z?%IS-CJ.9$&A;;JX$S>ODE)N\">>+:J.4_5@*8G MN#!EE5_5AHG#NHB4T9U4IAT'WA7OJ84RZ\!-SU W42E,--8IMK_B?@:8RH99 M:][JX$V[(&CY07710IATK+78PH!KK6(8%M..:3-%-Y&4=>KN^PV/KI\H:AA6 MMJ(N,R\--373C5@U.A7+3@63B*T0%.)F^"[\:"XV;RJ A MK+DQE(;[%D5L7;""\*:.QKIR2)MA-1T,>C&8.J'NI*5<4Q&28MYLXB]?SE._ M"G!*=0\_=M&7Z?W#7JRJG0+LJ\#8EMT1!MKN*?!$;-_$<2FRF M7Z+HWGUHA/CM9!AW.,2<#U&6[ P_89_6G'[?=C^F7[TPYD;T@M_)('4Z0\%C MKO@_;Y0>]A#7NE*5^CY]WCR7;=21Z4K&P%J+?31]VRPA-#@EM;>%&C='X MHQR]F(U.FKMI'TG=@;'WO[CV"FP[;$"[V/'EWRHIVGU=2W& 3?*'8HER_?*0 M[CS;6ZG^1?5YMF4WR0Y2=MU+7-;-=67'3I(D#^VM+W5K"XX>K A:54,6=1). M$6.O4\J>\R5+ 5SID)C>[=$IK&(;MX%PK$LS)1Y U0ST4*;W7S91X2X\02,1 MS7]8?LLF._F5>NZ!LX,%89N]E&YZ,[V;LHF-;%'<.V%;I_S_)"KXL^5DNIG9 M:!&9W@S9T"( 0K)?V4W6#;:X%M#=GLR@)VBB2UJ!W2 M&)$MZ:=.D=6&VT18-GNC'!^?*?6>B>]S%LI7VJIJX$/-H!%J6Y+:C0VCA4!W MQ%2:ZM^>T=Y4G7(L@T4D@S,Q.']:"[?W2'3^[0CM,I=4V+3PA(218IRZJLF@ MJ[9OY9*DP/K)9B_A:CE?U2A=?H#4*'XK5R %2B)7J73U<=FC.>'(E:9A!B'5 M(JVN.6V!"+TXK&CE9/V;U?EK]G(F6<:DD MVZGN51,3G&G?-]'R)I42J'OFQ 1[56^(:#F3J@AHGA(I,Y4%7/&7&$#\R_\! M4$L#!!0 ( /=;?U(@2XBH#1P %>J 0 5 9FYA;2TR,#(P,3(S,5]D M968N>&UL[5U;<^.XLTE>7# ) M6=RE"!V0M*W]]0$@2J)$-@!2) '.T3[,RA*ZV=T?+HU&H_GKWUZG@?.,:>23 M\,M!_\W1@8-#EWA^^/3EX/M=;WAW>GEYX$0Q"CT4D!!_.0C)P=_^\U__Q6'_ M_?IOO9YSX>/ ^^R<$;=W&8[)+\XUFN+/SE<<8HIB0G]Q_HZ"A']#+OP 4^>4 M3&KMA.XGCV^?#PY>7E34B>T0NA M?T1O7#+5XW='$NKB%;/S9Q(D,9,)T3E7@4Q]-_H/YS)TWSC]P;\/SH[[[)_! MD=,_^N\WKV.FW!F*&=W@:,!_.#H63>[[[S[W/WSN'_^?IA QBI-H)<31ZU'Z MWX+\U\ /__C,_WE$$7889&'T^37ROQQD='\Y?D/HT^'@Z*A_^#_?KN[<"9ZB MGA]RZ%Q\L*3B7(KH^I\^?3H4ORZ;YEJ^/M)@^8SCPZ4X*\[L5R]>$60;OSM< M_)AMZDM89X2._,^1T.2*N"@6G50ID0.VX'_UELUZ_*M>?] [[K]YC;R#)4[" MV)0$^!:/'?Y_UME63\69_O&4=@^?=0[6WPYYV\-QB*8]#V&?"2\X32@>?SD0 M7[-.#YCHROR^> X< [K$><$!=R2=Q.,XT@E4F'CYL6Z012' M\03'OHN"4C(64C8B,!^A>,H>%HW&HQF?V%ACI4'E5,T*.AK?Q<3]8T("C\VR MY_](_'BN+:^,N''[GJ)H#X,/3Z49_R)*BEE-(T(>1DR MR)[\QP /HTACL8+:-R*<>+RO--I6LV8&!XDQ6_CFZ)$S50R)@K:-"'7F1VY M>&_N,>]^2D*Q?*C$DU,UM,ZP)_2X^^?Q;0@.([$FJU<:*5DCHG*3^+&8'=@@ M/"5B7F.;,XTY7(.T$9%O<=!3V(U92N.A)ZPPGA5<3-Q$+2O>&0K73/S&AG.$9^H [6R,D,[C!'\01332VJOK%OR)9PM,KJ=78.T:9'YZ9>7 M!'@T7GUY_LH7]0HZ:/-JTDGT8^II^HG9INW9^0R/,:788U\O.BD;6U<^>O0# MGV_G=S%[.=:-!]TT59&0M._ EQW"E9BUK]9J65U^4=*'KH5YFWN92CCJLVE3 ME;5+Q'\?S40TK0I^N[%N.W2KJ9D^A_8#N9HJE.'1:O144WY-IBV.2QD MT+SU)OBZ2.F)<7=)&U>5A0$Y204!,W+%9)X6%:T M)4VK?1*/41+$E3OEDGQ39O:U'_I\CKIB?V[(C5]C''IXY:ESACMDF3&OG].G M:8-]I\=S#!.^?F0_HM!SSME2$L\=GGY(I^DI9DM2%^>7;4@^8.*NTGK89S;G M1B3P/;Z2."F]DS)(A5Z*'1!W0]: 9PP26M@U!*1C%#T*7).H]X30[)!/_X) //LA;5S4]M "T>^S20$2 ML=-VVR*O.\F0+H5/QX7FY+,8C)]=YMNP;G4>B*>Q 8V?LKDF8TJF2GNFMB-2 M#;(&9H(<.(0RO__+0?]H+4M F"OYY2"F28'*)E Z#5 4I8[L\-77Z6=YDEJQ M*W0?5%AM0@#@!.E: )E1<+)RGJ7>"(1*4=M:X<@[1BHL0#,3I>00'H.C#@/R MT"^0OBY,EG[!KI-=9="$=A!NQV9QN\.4[PQO:!K@$V)_2WUF<)Z#B1Z*^N%N M2&[Z\0!*DJ%"2LD.CJ^J$UYQD'AI^(&FY3F-C.3AK:UVUY($)OM'CZ8P4+;+2L0%P+ [.RT$/0TH?R.B2X,6\U-H0$;N0B,(J$M M=;U0-.'Q4/8_'J]_1H&(D,:GB-*Y'SZ)@VC)XJ]#;A8S"1:DHB[@JF)V>"W2 M'Z);[&(F/=L?7.,XU5XRRB14'0%.J0+HK9EUUB:$QO>83B_#9QS%&[=6"KRT M@M8=P0<4'?03C.+"W)H9\KTT)4$Y@ J;=P096'8(FG?V>!":GD-'H,C+#$'P MW@((KDGHEO/C\A3=<.4 N2%P/AB>NA9I>#_,QA"6H8\T+9KISKZA"?;RZJA#0!I,+,"W=%A(5RT08K/AB&S: MNQ+*@L9=@@P2'X3&;#BBS"#K]E@J.V3,QB@RTI8)5$C)+$!K]Y6M9#"C;S:: M<47")QXV+BJZ4X!>06L+0"NSW0)5 $R&[M8WB-;73++ZBT+7B@(.P:;CC8@ M@F:#&!E)M>9%"Y#9?1:4G^$:SKQ3%YHJ.(6'B;H+F$HI$$"SX9%[/)T1BNA\ MH>6 XY7N181Q3_S&)^<1^3Q;%5F%82[/J+MC55 6[@-F02I68F'U1L-U! MK1@0&Y@-J6QF-2KRGPH:FXM:ED<($A^$QFPH)%/34I67MM6R2Z 4R@XB8C@A MP_.$ 5%P@WSF )^BF1^CH*#X:$'844G;)=0TM0%Q-!LQN>57L$/LG2,:LG4W M&KIN,DW$=7.VN_%=7[)TJ6F[A*.F-B".9D,F<)%Y'9>C2S@!TH.XF(V4J)RI MZH>EW74/M30#\@QU=8#@,WM,F9%>WR&1$'4) MKE*NB-E3R)S4*C\$(.@>/!H>B-F#Q9S$6NZ'C*I[(.DZ'A^M.)I2O"I]XUCJ MK>Q8:LW((6,GRZJE*L=Z+U'?4.B=ED)$3.*G!B8X"EA[$ MU8%.)X[C=D70YE.YC)NG.HO+-7TPX\+*1PGHQ:YEMG.R*W\M#YD (MNYW#00TK(='Z7P=AY_#KW?D[1N\#T!YF6A3^[%E;>8]<+( MC_$=IL^^R\\J?.+=8I<\+3!1G,$U_63K>TPK!K#S!%<,DT5@_BRA_*WR0@,A M]B('RW_V/1Q*SB>T65C?#\II8NF+RT&D>PEAQ+ M\%*]_*L$Y.2FKEDXEKE&<4#P:GR3L>QP!.GS@;XOT(Q[Y9:W9 M'\OFSO+UR>T=HZQ>XNRS&7CLN[Q.\J)&'A_/S++9*B.;:GS<5B-E)DY0UNR< M-3]GS; M0/#+^O%WW*M!U /T^;2M#R/."I\A;TGZ"^13,9M^PXC+M/$ZB WA M^T?;PG-:1Q [F]0MR;XLO9VMNETL>G];]"7IXDVJ:^*6)-\N.5TL]6!;ZC69 MLZ1K26"1X>X#UCW.R\E7!N<>O;8Y#@O*M6W*^38W^CB)LZ)I2="U"+V"@@6; M(K_+38#0N;'HR;\A2E&;0U"(T\LYX<7*O"]4IG?"J9U-\I;$URA[M:E";EW- M]'/+:TI#R=E(K399-,:**'+["G+ M'.GG%M)MHI9D7625^F(-^DH8\$(.6CP !KD5=$4NK"T8."L.;4[M4?&4.<@M MG'?)8\1VV-PS/G]N=;5?R$G0#'GD<58L;F[%U/<7G9^6GWXVZWR)9(+B;C_( MK;2 "^;\M.#2GBI%OIA,D]Q:7.R1M:_(MFLF4R*W.N<]@)O4OC;+*,(RB'#&3\(" M0(_<&IV+03@_I0Q:Q$,K&C&*)YC*E#O.+>5E5AK!_F=KM2^:RZ7&*/ 22BR[ MA1-_UCHF4T. EWM=J3-D=6A-'C.X$^PE 1Z-04%5N;3:'*S)LM7'<_L??5PRQP4#.3;LM\S/YO+JRUK;%(D?BNG__HF!]-AEE(O M&[2<-5MH-%(L&GA,7VLJ9>TVM3+75=_N+6:Q:IG^&[/;-)G*C+_1I.UL5:#7 M$E@Z>Z:*;^A5:=MLD]8S3]7&S8D'6M=TVB^PMGR/\#@)KORQ])*\DMA4)F-E M'T=7)PC/C+HF#_JUMCAIH"9X3*,\TNW-3E'%]9/2D) =.YNAR]"EV).\!U=C MCU..BQ6['8FHVOL=-0]K=CQ5< ;W/KJVZ\9M1(DV)_-OZ'="1>4S^=W$4DPL MV%%I0ZC]NFS(5K;E74M46"MPC:98=9^N-",S]R"K0*8-NLQBUMV7-(6\E?M. M4[W#YKN8-RCFIZ;*JW_99H;N8%8=DT2NB9U3MH;S\AOVGR8Q]H;/F*(GK+-W MVX6KJ1JL-;AQ.ZNML>\ST$AXF4H"_19YV*]CF<9)+%(,AB-E]=8X]L8>:^QD8EZ@3GV[$+G;4^&1>S$ >ZVCTH1;$1FKM1J0] MTUGJO!=*K+/-5E.:B:BT :).M^E R*4Y\&T.JMC706R.NIR2D.TS8[[_.,./ M\5I\=3TL*:&AR(SV6-VNC:%4QL[Y_7PZ"\@<+Z[ACV;>GKA60DIHICE<5 2P]P631JSC<8)@L%0)$;R.:4'4=Z7>(MC/ULW,F[!3:;U1>,L1YI666(-K$M+EGR>:^)WIB +^EMBOS(H\&/C+.. MZN#D:T6\M729H5RY-:AFG 71UGWEH'WEH)*Z=BD2">IR,K]GSY:'(;6(+<@' M+5=]J(QR=B[#L+[LR:HPDQ:QF5AB&4@TP\N,9#Y(0(?TIB=3WCK59F(H% M5H>QG&JVQ@,3R@R<""TN_%?^28DI3&,J&E@=1(4NEH8 07V_4NE[NN1T#WW; MQJ!J@Z*CCZ4A0==-IHEX:\49GE'L^B(%C7T.L+!UZ VGA,;^G^)[4%%)!+&F M)W2O5]2KN9U+,RCT-9;T"1E5]W!6:Z,11#2 7;93PEAE6W4/F[STX*[#BH#N M=CT):3"WX$T4N7=G6!#'W:T^XKXNHJUU$??U$/?U$/?U$/?U$/?U$/?U$(WT M#INCR)=\/^?B*+K%$>8Y8,QKS83E5+$M+?).UT_4UM#.J;]2O4M3>:8-%+RT M.98,JZN(2ZHH'SY9!Z#*T]92R<[8I$3T3&@M&T*KA"S Z\?"6J:DG1.L1!EI M;%%.]V.ANE3(SOCBT/L]6:127A"J-TQ!D@[B)M=%(PQ91YF.H><) Z'@_'6& MW9B_0C5B^W+"ZPT$.,9+[ZL $\Y F[Y+ )57#$+KK:U39+:_<07#"%^SO=S] M"PZ>\3>VL9M4.=88+DLC2L"KQ^Z?H"BM%H9[PL6L]@;6M MM2>PMO\D M%/%*=M+DE _YY!3.P1$LG)]63.QXG\=HAKDXX1._!7K*9)N/"7U!U--)4=$B M-CBZ8?D4:2E*0FMR44K@MS5N-8UC)/]$_S7N0$;)YAO2C>6*Z-J8%$G=2GA: MW]*R]XIO-&@Y1:/0:*18M':2*FJWJ97)#_IV;S%=0'4 MT\7.,V5>4D3XX<,@("\H=)D3NRCBS607WOKIA'>YRU!5[KHLIPX!O(N&=AXF MPT:HXOQV#TJ%+G:>'[->=LHZFQ]G!58-2PE1]V!3*5/W(7+3@^W\=>;3Q26X MXF52:;%-#MU#M)1F&J?.=D2$UGX7?*KPF@_/MD3Z< MR\<(4Z17U7@!LLRC3)CDFL0XND%S)-XD)E&UOZVJH'124BLBFMPIQYK5THK: MFKQ1MQ1'=6MNJYTUT4C8]MOWX HU[<9=-_ZJO17VHK:FKNY5FST M[8O#D':V[6TV)=6YUZZ/+O261%R[1[>V6_\8J$AT[XS7E_*Q=B+^"LRL[MSV(&" M*$REE&GO!:6"VWF:MMGM;C#UB>>[3&YY23@IF?4XJ:7OPC[QDKGX%$["7"?E1-):>RUN9[H&F=33=C]9)ZY>3<,%VXCHG--""#R M;J$AU0)TY!H'9N+3>'[W6AT:@$'GP)'I <%3]8*@-CP7A EU[C]-XLH P2RZ M!I%"$PBDJA?WP#B!/WU,:)3>/;\,^7N5A 86N[32\3&K)RU4MQT&8^ MO=^?]H+HGGP/P6##_0L1=S@QG4)[_HKL[,9I)ZT@(*O>:5, >>'CP+NG/@I$ MGU+@M-6Z&S 4"0WN*FL^'\G&'M@\R6.H%TGH^>$38&F8P&YC*^36";X;3+^Z MBXG[QX0$3*:(E\,6+P'\C=^J8\-7ZXK>V\%V%DN6YU_1C$2_. O6(CEGR=RZ MRWNB?MUH+*3/(9[?! /-K2@A+80ZF0L1M6M&%Q!9DPHCQ0:L"@V:H1NI,:OY M)ZN]/$-&0F)!B6<8#R"?"5+X5HJLJY"H(31UG2X8,*2T_B%G-Y]:@+'>8 M^C@:#J2GV9K4K5\#U4:DK!)@#-OPZPX7DI8;1A(B4TD)VD-()3L8TJYY^"R[ MB*;E13J=A.3A@ZUVUY(<#(+6/6FAF1_S2\1\D$X094(E\810_T\P%"HC>>@; MRDW3VNGH20^9WO02/YV24!>GU?(($MF-E*[\ENYKUF+?(#JBBYP&?J,;WV J M--'"#"+N&G9R/<"]D.'DZ@9R."J!3;1%HY<>>'GT'0:PV FM. M)UFE=HE'"SE&XTTY(4=/36DW**64 #UNLP4A\'1&**+SQ:'$E<_^YZ7OSN4Z MX-#5&&%EN-@-:66%('C-5JG>[(AG_K/OX=#C&9DZJ:DZU)V 4U\1<(=F-L\X ME3C234H%"#H!EE1V")],@HNM!\AWR73*"$?CY1=#-V:JQG/I@?)QU0/E]'&\ M-,3JR^43312"$'+W'I'(6YKR>B-B/M4[5G];:(7>">?F9-D!!^F&E5Q!+WX? MS?AW>O"_TU<\ [AHY*3/,8HZWR_ZXHT]O.S)*0EYH1ZV>JH*G^3>PYUA)#KZ M!BLK4B;VU4'VU4%:O&VTKPYB!P[[ZB VY3KLJX/H*P=&^VK.?C5[=]_0T7K3 M=_?;K,PL+G0$\UM^-Q>\B,Q;YAN:*B>IEZX,R%OW62%D5F:$:3*]PLR97[NW MD&D+&UMN7EAF.U=V(2G;I_ .L7B+91A)W.'"YO9"HI2Z[C,[H-_?$_;<1C;J/YF38W) HXME>BXKT MMV2. EX^=/0"9H^HR#J A$KZEH[3;+E:9S5@.VFE<1!G,(1\B\4;Y6\0Y;V/ M3=/W;&:(D*@I)P^9Y=X.EK)R4EXB;);E9D74+*/O/".<1@Q-36G%]2- S.AD MOO&+[L6D4NRLB<_IH@S>7JI@Q6X$]0#%Y-$]*9$%=YNJH$7T-;1S\P"(K(H_ M*R;_P=02P,$% @ ]UM_ M4L(.+[MM3 @7P$ !4 !F;F%M+3(P,C Q,C,Q7VQA8BYX;6SE??MSY#:2 MYN\7TDMJ^.<>&@R)1$LSJ??X/R(DBC(,E2_.=OTNR;__CW__D_$/V_/_VOXV-T M$>,D^@&=9>'Q/%UD?T1?@B7^ 7W"*29!D9$_HA^#I&2_R2[B!!-TFBU7"2XP M_8/X\ _H]]_]:X".CQW,_HC3*"-?;^:-V<>B6/WP]NWS\_-W:?84/&?DU_R[ M,%NZV;O-2A+BQMCY4Y:4!<44D#5S(5O&87Z$YFGX'7K_X9\_G'U\3__GPSOT M_MU?OWM94.?.@H+J?7CW@?WAW4 MAH]X&1S'*:NZ$']3:S$K*KWWWW___5O^UUI4DGRY)TG]C8]O:SB-9?K7V"#? M0I+'/^0M?+H*8\,'Q9-W\^)>8QAB3H3Z@F3+X9BJ\LV& M:OZ2W#=?%K5#_ZYQL2-&<,XCHD'D:/LYJO KN,N$JK/($Z?'7V^_^7>F(8*B M(]0HH9^9QG_]Z>WFR>+PR*;% MV&?8?Y89[>+1-8E#G*,X1;.PB)\P^AR07W&1HT5&T#S":1&'08+F!5[FZ%MN M%[U_@WX6M@%S\<-@+GZ PL4/P[CXX0"X^,'(Q=OX(8T7E&AI@:Z*1SI3OKK/ M,7D*[A.,A)6:>Q\.@7L?!W/O(Q3N?1S&O8\'P+V/SMS[FF8ZWGV$QKMKDJTP M*=;7U)MBED;GOY7Q:DG[ZY/U'?VV(2ITTO3)PP&NM/GHH :&E^Y8^_RL-8\0 MUT5!&J%&^P@Q;5!Q88/-V =*4C[YIH'8YE9/! R/U+CZG&FD@/59M]FB> X( MI@V@_O&,]:X9!WN:Y45N9,T ?9]\&NQ6FVG.RF X.!2Q-.)62L#(>5&2-"Y* M[M=%_,)^,K/1I. UC+,"[T1Q6FDP!+-"E%9+:@4^.BXJ%6C\BBE&?$GGV-$\ M+2C\F$:9LSRGD^V3]>?@[QDY38(\-RWG#;'@E8'#7>M0TET=#D<'8Y9(RRT< ME?"8?7=^'H@E8(.UI9%OQ,W=7B/*#SP?0AO\;D]C$@^&2M-F"8:^WUBS[C#0]% MUXY>]OBYR=N0/Q^E^+NE@#8:H&:%IUGZA$G!YK!G^+[8H#1&XE8MGVW%T84V MWRTJ8#CKAK//NY86NJ9>0-*+^]U M*\H&N[,II1,&PS(;0FDK@#-)"$);1V!7$S!;&6&[:<6:=>E9RN:WAJC!HN-U M4\H%?F&- M#ID\XC$YD$-<,P#;N:(6]7NF1P^V>XA'E@-#&@,X^9A.'1V=Q4]QA-,(&'MF M413SZWW)=1!'\_0T6,5%D!AI9-'Q.HUU@=^9B)H4P##,!:4T&6QT$%,ZGJ>H M4@-&N1MO+D7ELLR83>^T!E>Q&$, M[=S8#>;HK@-2K.](D.9!R!J (1 W:OBEE!5ZEU=:<4#DLF&4-HZ$!N(JJ*4S M^6;2Z6.,%^%YTP#-2JH MT@'67S635'YVYVK!PT>790-9?I(E QULY7)!7WAR9KDBE+C%#UIEBWKR!VB- MX!83MD$P8 9HU/!**COT#JWTXG"(9<4HK7-R#30[?H]\+*DOTF#)J?3^0T4D M]IL:]P<'&CG(^R"1,VQ&(:OPY 1R1:BESX$QC5-=D*^U@(6-K&-R7F:%Z1DH[8A7E()^AS3]$#;0YDL M-3F#K-#ZU&&":".YHZ!(T\&<]U7-S /V!8!Z@?TUCGHFO6%\M?HIS6AUY MG'X.HCC7[.*/-^.-,ULXV3!KA T8_!L/7%XZJBX<-*;0QA:;K#764&5NW^R] M/9E=!^OP$8>_7I.LP'PAZYK=A0C4!U2=M?Q%U,XN;.)JJPH,YCGCE&+LDQFJ M-=%&%56Z^V;5.:TSEG)SGOZ]).NS. _R I/++#!T@'8=;XQRA=_PR:8 @TV. M**4#)Y4:$GJH5D1,<^],FI]=6KLCA9 _KN@ ;LC1EP#"!@TLJ?JI7+_? #+% M:BT?#%A,M&I-=$C7=5'1HN*5713(?=:DU1Q3W*#7&+78ZV4OTWJ1HZK'I:-! MSK16D9STH/!N!&:8*Y1G6K_LD1+:4$G"BSE.%GR^QBS^[P@05@HI\V# M]/TM/XQP:[,Z,4 9QC [ K&TME&IHAG+EL6544L;_5SK[V18SNMQ.\UGHGR?EEA@9FEQH](4#<4"/3D*,21EP: M4?%)Z%'W:BSGG\*O[I]]D4$%JN9 ^V\@JEX!2#MT,)E)J[EY9H(]M&)PIB?G MN^*5,/L,Z B!HH(*F9830IA&%!%__682>LPHDHBAN4B"!X5CO;_[HH,25DV# MSA]!5+\*D70PNI9!3&B2RCXMZ>R)@HSS,$C^A@.B[P[THKXH8 -;LT$G!X(8 M%G#2V0HACH0\8@K3=@\B8OD))\E?T^PYO<5!GJ4XFN=Y*2V[.,C[C2DML+NQ MI488!(M<$/:I-,_KJ6J F.;QKTP5U;I(*/_'A*SZ,4O*M C(FC]GUS^=8Y#S MRR(-S"Y[>D* 6*-&9F)+HX&XRI04J?K#&[S*2!&G#^*!/_TL3"/N>2IK!-V; MT2IE =''"%#+HM_EJ-&H7F5$E:4IZ<3Y?$K'TH>,Z%=">E)^R:.$V.5,1P00 M552X-"L@U0.FE>R$C+A=!DER4N9QBG-]O]*3\LL()<0N(SHB@!BAPJ5A!!=% MM>R$C#A?8O) NZU/)'LN'JLSC%H/-=)^&6*$W&6*4A008TSX-,RI59#0J8^= M3MFI/-)XV\:CM"0 T4,!2]>?,$D 7+@N[Y,XO$BRH+]'K)'Q MRP0%O"X16@* >""CTM! ""(N.>4\9G/-AB=MS*_*@K\%3_LM?>AM5/(\IW%P MH#>S,6@ 8I(#3-TN7NL>U!$2RJBE/0G=YN&"S,HHIM9F18%SD354L[9O$O9% M+SO@FE9Z21!TLL*3]@.$,&I)3[>JCE&S5^DNIN'"@%O&_<= %)^\:B+\#XHD$RK!?@(0@C)M/33:H._:Z M=\\_G= DV; H2S-ZN*$X#0M9Q^O!CD)2ZX,11U^M=["'N=&YDNRB"8=T0M!(+J1(,[LW" MD,W*\AL<8NH##<*^X$*]GN.FXK7_<@#?Z<8,\F!XY0!2D:R=JR#2Z,!@U^UC M1HH[3);S] GG!0O@M+&T4M1K-&T VXFG%7)@V&, )QWSW$C 8,LUP:L@CLY? M5CC-L;D3TLAZ?LU&#[?WG(TL"(8Q)G2*!VV8+,)"& AO.O&?2XPX891MC:Z] M\J+(BB"Y= VM-:2X8T90"#"P%NB_T"H:,"-3B?NGBQZTS!Q9%DSG8@'8IQ(5 M/(9(I&N2K3 IUM<4+4\]0@/^%1LY:6BF[59-*G['*3OX[G"EEP=#+ >0\N E M5'BV:US+'Z$4[V0'='N67<1I7.#+^ E'\[2@T%FZI*H%:7EF4_+)-#<'VEPS M:X!AFQ-,.;ZN):N^#!#5^OVR8_<][4CH,@)"#)\D=.H(*@4Z^ DGC!Y.P0L] M&R!RP%CSD&K[,@[NXX2_ D^'57XL^C%+(DQR\6*R)89V5_?)F*%.M3GEJ@MF ML!H(N$_)R_GL9'XYOYN?WZ+9ES-T>W=U^M>_7%V>G=_<_@Y]>W9^,3^=W[U! MY__Y=7[W-W"D==M\,RE,1$R';3B]-$3R#=N02S:*,#A5+ZI?!VNVH$Z;$OT- M*7$DNVA9R7>R,,6^R0#75-LH#NI@>#DCZB"%Z:'FHGR4%V.@C:.^3)!CC+< 8V/C(& M1N#&*I99(A;GJ]@YT2QE:?1P&NJY8=3P^YR2%7KW*26M.)B^QHY1]4)RI<'G M^F%;!P;%[O"2W;$D:[&R6Q\]GBW92L6L*$A\7Q9L-+[+K@/#3&Z$'9]T'.UF MFZ2#C8"A[ECDZGYRU3R_E//GE_+R_N\X+%"1H566YWR_FOZ5?I.M4<#@^>!M M*"@;3\.VF@Y@[[]Z]>X]6 M 4%/3.F/Z-_^\.[HW3O^_R@7V=R"LGC,2/P/'!VAWQ_]X0_OC_[P_1_J/\8L M@7[$ [QLD_4-!04ZPR%_F!!]?'^$&"VX4.^W[[^'P<]9%,5LO Z2ZR"F$^K3 M8!73T;Y5J+J-,0=%KWN3SHYTMB2M6F!X[@Q5VH!L%!&[A'$(.+ M($YQ=!Z0E#:A?!:&Y;),@@)'9W@1A[$N6'-1]$E!=T?:%+1K@:&@,U3%'G@M MB"(A"8-[M MJ8FF>>7!404TY>SO/$B\:R_SP27?94R#T(BGSQ5_P+3JW3EV@!+4"MC(UV5BHMFV9"1AL;:U7#IR4.&E.M&TR9#KBH :&F>Y8-?LM,&C'XP: -+,,ZGQ"G*IO,J=;3LQII7T2S *YS2V- M*!A:F?')N8*8-&JEN:\5@"2YO\%/."VU)]H#X# M/I& 5CL10C#J_&J%V?L]Z4.5&]3VQH%!WBT;<:HX[>O<8#?[8 ,"F#8Y8*RS[!:A^^A1QLM M&#R[#.XS0MVYP?RYQBA[&&D&W5V-5,N"X94%H/YM MH(I3,'CT*8C3G/6[.+]*SU]8(RGC_)'AO%J$"D*!L4# &*]JWP=1,%UMQ& Q*;28K%[3. M1.*CDOI4S5&R-#_!M-/%31(VG-,^FP09B>(T(&O^U#;+'4DU: MO^A_.WJO12=O:>_E<[":UOX=E4.+/$?WW&@]22J864A-E/I9]3 G8CG<6'H* M:?]-0PM9IK4DZH>2WPM*IOB!;4G82:F#J3FPP5)0UK/M-_4V!@Q2?<&%=6FP M)^,U9%#!ZX0);0%8_9<*FI0,%Q> %O^Z-Q/.XJNT;F4'!K7K]#OU#1SN'3N( M$R=EH;U@8-7R25U'%]I4M:B 65ERPZEE(9W*-,QCZD?HGAD09Z:$"1@L_ G' M#X\4S>R)3KX>\)>29;>[6G"?6T?AW<@YUIA/SF[G<)O*XRR!8?A6\/O$KXVA M0%CKD#]O7Y(8V!+VR(31R;@^>*U#VI7$&0WP E*8AE$#SGYEG03TG^:;Q'LL M]IU>(P)9%4Z(-95R!.H2T2SZ>UGMD-QEFM25W$7:IG%$_69+(7P-[X9ETRZIF,< M5>"L]OH=U(WG\92X5+.^^NP=F_V].;2 ]N,$4=1Y:ES9-*!\Q>$LP(IPPGL0 MP6RS'GZU. WRQXLD>[;=:36K^!T![>"[K5PO#Z9[=0 I!U[U'?EL@9@2XEK@ M;LS3,8&ANR89&WJCD_77G+UTV%P-F(4%'91Y(F/+ ?P1ACQO7XQTM!< #+0" MAL2CH4MY11B;%YS-K(A;=X^"QH3Q1#^<",[O./:$R7V68_<]>]VP!6O7OC.U M9?/2-(P3W/'D+MM-)[.?3TVVR++CPM(NK.SH.V"ZLCTZ)S]GTWR*[=*2^F,H MK;?0Z&_9SZ%#KPBCO9[A%74CYJM!].<$LQ_81>5E1HKX'_SWFH)W4_7[[K2[ M,]W'I^UZ8/@^ *S\#/5&55PK;^G X&.];]U=]M2%XAIAKW,<(^#.[$8I"897 M1GC*I>1COCSMO*"\QTK8PVTA3^MY[L?F7 %O>7%HC[6TISN$X&K*';*T!GY] M3>,(B%<*SZK%^6'G_JU:?J,#)Q>Z@8%1!4S?[893#@>J#1>0UTMH;Y?C,RS^ MVXK6J_U1>VY09P.>+Z$,=*QW+\51&PPU!T.65I@>Z;_8J[=I>QI%.]=").)J MO9 &)G5$W^59&+*'[W,Z/<7Q$SOEZUQ:*M5I":MWQDQ560_:P#T L^*942[( M%@4J2:ADO":8/<9KOJ5M5YN6A&HGS 3LZL GGQ*OXM@$$P*6ZDO?DJZ#-6L< M;,$B#$E)RV33?P]NEF9C,+I)%X?=.DZ3)6A[%UMYH>U<5T)7K%T);?#$EV+S M 3Q7ZDY+:X,[9A8K%.%WP7K0VLD4NU]=QZ1 'N1UW^W=>KL8ZC[^=OOWX"X? M#L.MVC+F6U1ESF?_@/>G-+Z*A<\='$DQ&@) 90=''2AML )FH6 T=-N1E+BV MX'HDQ6..@V!=WP((?RMC@JGWM"D6ZVOJ44%#)':*E">JUQ3:$ ->\QL,=JR3 MWV'0:QKOA4\80*M"YF:,N"89T%H'GL9T\MLPM_;/Q/ MF7*]O0"/73Q\OWW,2'&'R=+P:H!-:2JFZ1W0\4W6 ,DZ+4PS]\[G9Y=\%ZL^ M\0=DP&Z[-J_:Q]6BF[%QED;B%YC^D?_&H9R&&)N*I,,=UI'7W1)(4@^&[][1 MKKI9'F"PWCUXV3KZ@1J6;A>.'L0L2X_;:9:E"D1AT)T-44VS(1/"H]QKI.Z8H ^+!J/0*XD,C\_RW9Y&:6G2CBB]&5&VRDA M:]JFM#G!G!2!9M0;!%TU#SY"]_@A3EE.5SYV\N^^SAJ$F$1F$'!U_6$:XCO5 MG,\;^G6^N3I]R7G"DY/DU-G;9XN,K+DU_NL-_)W8=KO#?S=%4;W MQOWV=L%,#7;HC'2/M*6]N35/!ZO&P+:-9I$&2]X4WG^H&@+[C>81 GXB->B7 M@XN"#]*Z V=4M$M/3C!GB*ZY L6AX""!T=->D8<@K6[7GV9IGB5Q%%2W]:D' M.6,]^^?5HIJ:!$F3*X=Z%XT"8LKOZ?-5D:[*=76P8VW6Q24;0S=C>D#:5C&L6X7=E]#T[*- M2=0T4K4O&$WE(H@)WT_9#,*VH<6LXI/:+N#;E#7)@Z&B \@^Q9@*XCJHI02N M6U9Y9NMO+3I3L\W80QH50//-UJ>U"/<9!TS%FM[2ZU%*]I#S%)&\:2/K64:8@!,*0=@UI*9UW9X*S=6$'"3"OP!-<)ZUVV];U.FG[3@CF[TDT*9E4#PU5W MK'V&2J2$0K\JA9ES!VK4\)R%S@:]EWM.)PZ(7C:,,JUXDFZJ KN3D_RR]VXF ME8EY9NG/]/*0F6;OP6JJ0=FA8A0KN2+-YTMO4]?R"=9U #;'.E* M@*&&$E:?$4((7*S0S0]_MX\T"WS.^U:Y3!,' H8N6+:)7^[U!% M5;9&\5- 2 !F5V+CT-6B_<[;#4Y8;LO3+"]R_A('C#(C1+G0CAI%X(UD-S6*L@&8BZ" M42U$;?+PFHC1#_5;FEP%G3J^I>DQN42V7,9%'<,H.KSI/R ?:\)I> M8HQ[G>OM0PR 8?(8U-(-]XT-<3JS;07R*H"3\[8^?:@1<*0V]MC#+!P6K6W] ML9'7,!A<#3C7 2G6=S2:REE*HBRUQ>EV-9\L=76BS4N;#A@F.@+MK^[=9INZ+ !@76?;$A#6QOFO;&SX2DE MBB!.'9)/6W2\,M,%?H>+)@4X['- *?&-Z7"6=;3 ]9.GK%;3@HB9(@4]),9T M4?4;6;H[TXTG[7I@V#@ K!P[ME2!='FW)6T0 6T<07*6E??%[#XKBT\9>X"; MH276O!A##'C=H1CL6&>+PED;##$'0^[3\S+^K8RC>F>":Z)*%0Y7\6\E;4+G M3PX;#WIQWSPT@>ZS3B4+BF,&@/)5]UH<"7EPXV_?(9?>3B,_):FL?9E2&"RM M["D4>KR"0:9.4@F>Q&'M$,095#P';U;PO:!-*P^&6 X@Y8LO_-)TD.0L0T?' M R6?(\+^(EG5'KF13\ M+NC:@'?7;W728/HQ*T1-:IT<;31A<.IS0'[%!<.S>8@!(F@8'UKIK0^M_!R,_D"OP-_@)IR6F(7#VD,;N2W@. M>GYG,XYN="["NXS/&EEH_9H% M)_QK\)O+!>V+ E?U2PAS?OB Q@A<.Z M:7*#M[2A<'"\X"P]S;9.ZN\X;F-V58MKUD W%SHI 4PJX!AG1M.U3.XEUF>(ZK& M.KYEEB*N#H-R_;,1PBDWXCGJ3GERQ>B.Z12+4A'S[A='W@\=89J M8NBJWNY9-9FX,:Q-GQHM?W8J+C!?^.^OK-ZQG5?K<#_&DM?!?[RKG5!@N!DP MI!Z/W<1RH$OJ-<3,Y.Q%6;!T LN,%-7C;-4\<1#G=_.)*1K#+@M'U4IV81]< M\]FA4];M*=2V!*MAB4PS6+9@6[X^2=,Q!:Q1G M>($)G9Y3W\4(1R=7EYOI^\#V,-#:-$UAE,OJ5C#(%, &, :_B?M198^S7[T@ M!*T!J-.YUKE8K\A-_/#H&Y[QK531C PRU M!X[WRL,"O!S$B8&\1CYP#!AO>**6L&5!:)K$2*L0V\9VKIC&"VX$"2L[:RF+ M-%AR_K__4+&?_>:7:TS8^9?@@;IT518L/T9$)RPRM#D3-X%>NG&2&..T3?;&$0YI_*J-HDB;I-& M_]PH6G*KZ#DN'M%%E@9'B,XYOH,Q*,R2)'MF>W\7&>'I8A9E4E\#W-P"/"UI M9)?J$JP,M.&SJQ_E7KM7'V1@?GH@CBV(KDB-.Q ME48+#">=H0YD(U-'7-](R3U474Z*7V[8JRRSE[A3.YT__/(!RNE+-2SYO@.= MT^9%' 8)^BP.K%6OSE MZ*W^:XYI4'89+W2#DY,FB'8ON^+4\#=J\%N^A%5Z MO*[*)A6ADHLB=H\[[YQ?.^B3:UL?AH)Z3FV[XVE@F#L8LFF!3Y@XYC;DDVFP MPJI92)L4P9'!;5N -_F(]-$Z+LL('44OXLO M@&E">W'+-!MH?P9MOH/J#XG#Q*U/\>S*US]5$IM^X :7;'=J?)#/$KHI%F3IB6^-@VMFN/>JW-68?\0\?6ERS?7/^0PS!-.*<@1N+6

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end