NOTE 8 – SUBSEQUENT EVENTS

In July 2023, the Company filed a $75,000 shelf registration statement on Form S-3 which became effective on July 14, 2023. The shelf registration statement is effective for three years and permits the Company to sell, from time to time, up to $75,000 in aggregate value of the Company’s Common Stock, preferred stock, debt securities, warrants and/or units.

On August 4, 2023, the Company granted options to directors of the Company to purchase an aggregate total of 6,498 shares of the Company’s common stock with an exercise price of $2.01, all of which vest on the earlier of the one (1) year anniversary of the grant date or the day prior to the date of the next annual meeting of the Company’s stockholders following the grant date.  

Subsequent to June 30, 2023, in accordance with the Equity Line, the Company issued 30,000 shares of the Company’s Common Stock with aggregate proceeds to the Company of $56.