Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  



Management has evaluated subsequent events as of May 15, 2024, the date the Condensed Consolidated Financial Statements were available to be issued according to the requirements of ASC topic 855.


On April 5, 2024, the Company entered into a settlement agreement with a vendor, that included the return of certain inventory items to the vendor, and full settlement of all amounts due to the vendor under previous development and manufacturing agreements for the issuance of 320,026 shares of the Company’s Common Stock. The settlement agreement is expected to result in a reduction of previously accrued expenses of approximately $500,000 in the quarter ending June 30, 2024.


Subsequent to March 31, 2024, the Company issued approximately 341,000 shares as a result of Installment Conversion on the 2022 Convertible Exchange Notes.