Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events



On August 17, 2020, the Company and the holder of the Series 2 Preferred Stock agreed to extend the date of the True-Up payment to December 10, 2020. In consideration for the extension the Company agreed to make a cash payment of $66,000 to the holders of the Series 2 Preferred Stock and to issue warrants to purchase 134,000 shares of the Company’s common stock. The warrants have an exercise price of $1.25 per share and expire five years from the issuance date.