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Changes in Stockholders’ Equity
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Changes in Stockholders’ Equity

Note 12 – Changes in Stockholders’ Equity

 

Preferred Stock

The Company has 20,000,000 authorized shares of $0.001 par value preferred stock. No shares have been issued to date.

 

Common Stock

The Company has 500,000,000 authorized shares of $0.001 par value common stock. As of March 31, 2022, a total of 4,820,655 shares of common stock have been issued.

 

 

Common Stock Payable Awarded to Advisory Board Member

On March 25, 2022, the Company awarded 4,255 shares of common stock to a newly appointed advisory board member for services. The fair value of the shares was $10,000, based on the closing price of the Company’s common stock on the date of grant. The shares were subsequently issued on April 11, 2022.

 

Settlement of Common Stock Payable Awarded to Officers

On March 25, 2022, the Company issued 5,541 and 6,044 shares of common stock to Claudia and Ira Goldfarb, respectively, for their services earned in December of 2021. The fair value of the shares was $12,467 and $13,599 for Claudia and Ira, respectively, based on the closing price of the Company’s common stock on the dates of grant.