Subsequent events |
12 Months Ended |
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Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent events | Subsequent Events We have evaluated events through the date of this filing, and, except as described below, have determined that no material subsequent events occurred that would require recognition in the consolidated financial statements or disclosure in the notes thereto.
On January 21, 2022 our Board of Directors approved the issuance of non-qualified stock options, aggregating to approximately 720,650 shares, to a significant number of employees at the market price of $1.10 per share. The options vest in two equal annual installments commencing on the first anniversary from the date of grant and expire in ten years. The fair value of the options issued was approximately $310,000. The weighted-average grant date fair value of stock options granted on that date was $0.43 per share. The shares granted represented substantially all of the remaining shares reserved for issuance under the 2006 Option Plan. On March 8, 2022, our Board of Directors adopted the 2022 Stock Incentive Plan, adoption of which is subject to approval by our shareholders.
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- References No definition available.
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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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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