Stock Warrants |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock Warrants |
NOTE 8 – STOCK WARRANTS
At September 30, 2020, warrant shares outstanding were as follows:
On July 7, 2020, the Company issued warrants exercisable into 625,000 shares of the Company’s common stock in conjunction with the sales by the Company in a private placement of 1,250,000 shares of the Company’s common stock (see Note 6). The warrants have an exercise price of $3.13 per share, are exercisable beginning on July 7, 2020 and have a term of five years. On September 24, 2020, the warrants to purchase 275,000 shares of common stock were exercised, and the Company received net proceeds of $861 upon such exercise.
The outstanding and exercisable warrants at September 30, 2020 had intrinsic value of approximately $10. |
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