Quarterly report pursuant to Section 13 or 15(d)

Subsequent events

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Subsequent events
9 Months Ended
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.