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Note 14 - Subsequent Events
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 14. SUBSEQUENT EVENTS

 

During the period October 1, 2021 through November 10, 2021, the Company issued an aggregate 41,901 shares of its Common Stock pursuant to RSUs vesting.

 

Subsequent to September 30, 2021, the Company offered to exchange with its employees, contractors, and Board members approximately 80 million options granted under the 2020 Omnibus Stock Option Plan for an equivalent number of RSUs effective 10/1/2021. The RSUs are scheduled to vest 50% on April 1, 2022 with the remainder vesting ratably over an 18-month period ending October 1, 2023. The Company anticipates a large majority of these individuals to participate in the exchange. 

 

Effective October 1, 2021, three Board members were each granted 1,500,000 RSUs and these are scheduled to vest over the same period described above.