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SHARE CAPITAL
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
SHARE CAPITAL

NOTE 5 - SHARE CAPITAL

 

Share Capital Developments:

 

As of December 31, 2022 and March 31, 2023, the Company had, respectively, 7,890,628 and 8,130,628 shares of Common Stock issued and outstanding.

 

On February 13, 2023, 240,000 of the Company’s outstanding pre-funded warrants were exercised into alike number of shares of Common Stock, at an exercise price of $0.0001 per share.

 

Employee Stock Option Grants:

 

During the three months ended March 31, 2023, the Company granted to certain directors, options to purchase an aggregate of 70,000 shares of the Common Stock, at an average exercise price per share of $3.48. The stock options vest over a period of three years as outlined in the option agreements evidencing such grants.