Subsequent events |
9 Months Ended |
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Sep. 30, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent events |
Note 17. Subsequent events
On October 1, 2021, the Company signed a $1.5 million lease line of credit to finance equipment purchases through June 30, 2022. On October 26, 2021, the Company completed a sales-leaseback of $492 thousand related to equipment purchases in 2021. The sales-leaseback requires thirty-six monthly payments of $15 thousand.
On November 1, 2021, the Company issued a stock option to acquire 250,000 shares of the Company’s Common stock to its newly-appointment Chief Scientific Officer. This ten-year stock option was granted with an exercise price of $2.55 per share and vests 25% one year from the grant date and thereafter equally over the next 36 months. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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