Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

v3.22.1
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Common Stock A
Common Stock
Placement Agent Warrants
Common Stock
Contingent Payment Warrant
Common Stock
Additional Paid-In Capital
Placement Agent Warrants
Additional Paid-In Capital
Contingent Payment Warrant
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit.)
Placement Agent Warrants
Contingent Payment Warrant
Total
Balance at Beginning at Dec. 31, 2019 $ 1           $ 2,914 $ (163)     $ 2,752
Balance at Beginning (in shares) at Dec. 31, 2019 6,000,000     3,133,333              
Unaudited Condensed Consolidated Statement of Changes in Stockholders' Equity.                      
Stock-based compensation $ 0     $ 0     153 0     153
Exercise of stock options for cash 0     $ 0     13 0     13
Exercise of stock options for cash (In shares)       18,000              
Contribution of capital - extinguishment of related party payable 0     $ 0     2,091 0     2,091
Net income (loss) 0     0     0 5,283     5,283
Balance at Ending at Dec. 31, 2020 $ 1     $ 0     5,171 5,120     10,292
Balance at Ending (in shares) at Dec. 31, 2020 6,000,000     3,151,333              
Unaudited Condensed Consolidated Statement of Changes in Stockholders' Equity.                      
Stock-based compensation $ 0     $ 0     2,466 0     2,466
Exercise of stock options for cash 0     $ 0     7 0     7
Exercise of stock options for cash (In shares)       10,000              
Contribution of capital - extinguishment of related party payable 0     $ 0     112 0     112
Issuance of common stock related to equity plans (in shares)       136,500              
Issuance of common shares upon initial public offering, net of issuance costs of $1,921 million       $ 1     30,614       30,615
Issuance of common shares upon initial public offering, net of issuance costs of $1,921 million (in shares)       3,520,000              
Conversion of class A preferred stock settled note to common stock             21,812       21,812
Conversion of class A preferred stock settled note to common stock (in shares)       2,231,346              
Conversion of related party payables to common stock             16,105       16,105
Conversion of related party payables to common stock (in shares)       1,610,467              
Conversion of warrants to common stock         $ 948 $ 3,680     $ 948 $ 3,680  
Conversion of warrants to common stock (in shares)   111,567 545,131           111,567    
Net income (loss) 0     $ 0     0 (43,994)     (43,994)
Balance at Ending at Dec. 31, 2021 $ 1     $ 1     $ 80,915 $ (38,874)     $ 42,043
Balance at Ending (in shares) at Dec. 31, 2021 6,000,000     11,316,344