Subsequent Events	6 Months Ended
Jun. 30, 2021
Subsequent Events
Subsequent Events	(14) Subsequent Events For its financial statements as of June 30, 2021, the Company evaluated subsequent events through August 23, 2021, the date on which those financial statements were issued. Initial Public Offering On July 13, 2021, the Company completed the initial public offering of 6,250,000 shares of its common stock at a price to the public of $4.00 per share. In addition, prior to the closing of the IPO on July 13, 2021, the underwriters exercised their option to purchase 937,500 additional shares of the Company’s common stock. At the closing of the IPO, gross proceeds from the sale of 7,187,500 shares of common stock in the IPO were $28.75 million. Net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, were approximately $25.4 million. All the Company’s convertible promissory notes outstanding at the time of the IPO plus accrued interest thereon converted into 1,068,135 shares of common stock. As a result of the conversion, the derivative liabilities associated with the notes was extinguished. In addition, the warrant issued to the finder in connection with the sale of Note One was exercised the day prior to the offering resulting in the issuance of 12,763 shares of common stock. As a result of the exercise of the warrants, the associated warrant liability has been eliminated. As a result of the IPO, the conversion of convertible promissory notes and the exercise of the finder’s warrant, immediately after the closing of the IPO the Company had 12,904,574 shares of common stock outstanding. In connection with the IPO, the Company also issued to the underwriter warrants to purchase up to 312,500 shares of the Company’s common stock. The exercise price of the underwriter warrants is $5.00 per share; these warrants are exercisable for a four and one-half year period beginning 180 days from the effective date of the registration statement filed in connection with the IPO, which was July 8, 2021. Phishing Incident In July 2021, the Company was subject to what it believes was a phishing attack. Management does not believe this incident will have a material impact on the Company's business or financial condition.

Subsequent Events

6 Months Ended

Jun. 30, 2021

(14) Subsequent Events

For its financial statements as of June 30, 2021, the Company evaluated subsequent events through August 23, 2021, the date on which those financial statements were issued.

Initial Public Offering

On July 13, 2021, the Company completed the initial public offering of 6,250,000 shares of its common stock at a price to the public of $4.00 per share. In addition, prior to the closing of the IPO on July 13, 2021, the underwriters exercised their option to purchase 937,500 additional shares of the Company’s common stock. At the closing of the IPO, gross proceeds from the sale of 7,187,500 shares of common stock in the IPO were $28.75 million. Net proceeds, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, were approximately $25.4 million.

All the Company’s convertible promissory notes outstanding at the time of the IPO plus accrued interest thereon converted into 1,068,135 shares of common stock. As a result of the conversion, the derivative liabilities associated with the notes was extinguished. In addition, the warrant issued to the finder in connection with the sale of Note One was exercised the day prior to the offering resulting in the issuance of 12,763 shares of common stock. As a result of the exercise of the warrants, the associated warrant liability has been eliminated.

As a result of the IPO, the conversion of convertible promissory notes and the exercise of the finder’s warrant, immediately after the closing of the IPO the Company had 12,904,574 shares of common stock outstanding.

In connection with the IPO, the Company also issued to the underwriter warrants to purchase up to 312,500 shares of the Company’s common stock. The exercise price of the underwriter warrants is $5.00 per share; these warrants are exercisable for a four and one-half year period beginning 180 days from the effective date of the registration statement filed in connection with the IPO, which was July 8, 2021.

Phishing Incident

In July 2021, the Company was subject to what it believes was a phishing attack. Management does not believe this incident will have a material impact on the Company's business or financial condition.