Quarterly report pursuant to Section 13 or 15(d)

Changes in Stockholders??? Equity

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Changes in Stockholders’ Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Changes in Stockholders’ Equity

Note 17 – Changes in Stockholders’ Equity

 

Common Stock

 

The Company is authorized to issue an aggregate of 300,000,000 shares of common stock with a par value of $0.001. As of March 31, 2023, there were 70,202,907 shares of common stock issued and outstanding.

 

Common Stock Sales

 

On February 14, 2023, the Company sold 3,000,000 shares of common stock at a price of $0.10 per share for total cash proceeds of $300,000.

 

Amortization of Stock-Based Compensation

 

A total of $38,130 and $41,114 of stock-based compensation expense was recognized from the amortization of options to purchase common stock over their vesting period during the three months ended March 31, 2023 and 2022, respectively.