Note 13 – Subsequent Events

On January 5, 2022, non-employee members of the Board of Directors were granted an aggregate of 489,167 shares of common stock at a price equal to $0.48 per share of common stock, as compensation, in lieu of $235 of cash compensation, for service as directors for 2022.

On February 10, 2022, the Company’s Compensation Committee approved the issuance of 1,570,000 options, in the aggregate, to executives and employees which vest over a three-year period on a quarterly basis to purchase shares of the Company’s common stock with an exercise price equal to $0.46 per share of common stock.

On February 10, 2022, the Company’s Compensation Committee approved the issuance of 365,000 restricted stock unit awards to executives which vest over a three-year period on a quarterly basis.

On February 10, 2022, the Company’s Compensation Committee approved the issuance of 250,000 options, in the aggregate, to non-employee directors which vest on the first anniversary of the date of grant to purchase shares of the Company’s common stock with an exercise price equal to $0.46 per share of common stock.