Note 8 – Subsequent Events

The Company has analyzed its operations subsequent to September 30, 2018 and noted the following subsequent events:

Options and Warrants

On October 2, 2018, the Company issued a warrant to purchase 25,000 shares of the Company’s common stock with an exercise price of $8.75 per share and an exercise period of 18 months in connection with an agreement entered into on July 2, 2018 (see Note 7).

On October 6, 2018, the Company issued a warrant to purchase 10,000 shares of the Company’s common stock with an exercise price of $6.25 per share and an exercise period of five years in connection with an agreement entered into on June 6, 2018 (see Note 7).

On October 31, 2018, the Company gave thirty-day notice to FreeHold, a related party, for termination of its services agreement effective November 30, 2018.

On November 8, 2018, the Company’s Compensation Committee approved the issuance of 560,000 options to employees which vest over a three-year period on a quarterly basis to purchase shares of the Company’s common stock at $[ ], the closing share price of the Company’s common stock on the Nasdaq Capital Market on November 8, 2018.

On November 8, 2018, the Company’s Board of Directors approved the issuance of a warrant to a consultant which vests immediately to purchase 7,917 shares of the Company’s common stock at an exercise price of $5 per share, in accordance with the consulting agreement entered into on July 2, 2018 (see Note 7 - Consultant Award).