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Subsequent Events
 12 Months Ended
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.