−Removed: Unregistered Sales of Equity
−Removed: Securities and Use of Proceeds
+Added: Sales of Equity Securities and Use of Proceeds
In February 2021, upon the closing of
15 unchanged sentences
we have used IPO proceeds to reduce our bank debt by $4.0 million, to fund a $2.0 million cash reserve to serve as collateral for our
−Removed: remaining $2.0 million of bank debt that replaces collateral previously provided by a related party, to pay down a significant percentage
−Removed: of our accounts payable, and to pay deferred compensation owed to a related party.
+Added: remaining $2.0 million of bank debt that replaced collateral previously provided by a related party, to pay down a significant percentage
+Added: of our accounts payable as of December 31, 2020, and to pay deferred compensation owed to a related party.
+Added: In July 2021, certain holders of our publicly
+Added: traded Series A Warrants exercised approximately 1.1 million warrants for approximately 1.1 million shares of common stock at the cash
+Added: exercise price of $4.5375 per share and as a result, we received additional cash proceeds of approximately $5.0 million.
+Added: we paid the remaining $2.0 million, out of our restricted cash, to pay off and terminate our line of credit.
Issuer Purchases of Equity Securities
We did not repurchase any of our equity securities
−Removed: during the nine months ended September 30, 2021.
−Removed: Defaults Upon Senior Securities
−Removed: Mine Safety Disclosures
+Added: during the three months ended March 31, 2022.
+Added: Upon Senior Securities
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.