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Subsequent Events | 12 Months Ended
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Dec. 31, 2020
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K and has determined that there have been no events that have occurred that would require adjustments to the Company’s disclosures in the financial statements, except for the following: On January 25, 2021, the Company entered into a Securities Purchase Agreement for the sale of $6,000,000 in Convertible Notes. The Convertible Notes have a term of 24 months, convert at $4.00 per share, and have an original issuance discount of $1,000,000. The Company also issued 800,000 warrants to purchase shares of the Company’s common stock. These warrants have a term of three years, are immediately exercisable, and have an exercise price of $4.00. During February 2021, the Company entered into a 24 month financing agreement for lab equipment. The aggregate cost of this financing agreement will be $892,094. Through the date of this filing, there were 1,142,306 warrants exercised for shares of the Company’s common stock, resulting in proceeds of $3,643,956.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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