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Capital Stock
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Capital Stock

 

(9) 

Capital Stock 

 

As of December 31, 2023, and 2022, we had 24,088 authorized but unissued shares of preferred stock.

 

Pursuant to the Securities Purchase Agreement executed on March 1, 2024, the Company issued to Strandler 15,000 shares of the Company’s Series X Preferred Stock (the “Series X Preferred Stock”)at a purchase price per share of $400, for total consideration of $6,000,000, in a transaction exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof. The terms of the Preferred Stock are set forth in the Company’s Certificate of Designations to its Certificate of Incorporation, filed with the Secretary of State of the State of Delaware on March 4, 2024 (the “Certificate of Designations”).