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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

Note 10 – Subsequent Events

 

As disclosed in Note 8, the Original M&S Agreement with Merrell Bros. ended in July 2024. As we continue to search for a suitable long-term facility, we have executed a short-term lease for a manufacturing facility in Rockledge, Florida which requires monthly rent payments of $4,725. The initial term of the lease is three-months with six one-month renewal options.

 

Subsequent to June 30, 2024, the Company sold 32,036 shares of our common stock via its open market sale agreement for net proceeds of $37,570. As of the date of this filing, the Company has currently ceased sales under its open market sale agreement.