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SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

 

13. SUBSEQUENT EVENTS

 

Subsequent to June 30, 2021, warrants to purchase 504 shares of common stock were exercised generating proceeds of $3,175.

 

In August 2021, stock options to purchase 89,800 shares of common stock were exercised on a cashless basis at a weighted average exercise price of $13.27 resulting in the issuance of 33,142 shares of common stock, after reducing the shares to cover the cost of the shares and taxes. The Company withheld shares to cover income and payroll taxes totaling $543,937, which was charged to additional paid in capital.

 

On July 19, 2021, we filed a Certificate of Amendment to the Articles of Incorporation to increase our number of authorized common stock from 9,800,000 to 350,000,000. The stockholders of the Company approved the amendment at the Company’s annual stockholders meeting on July 14, 2021.