Subsequent Events |
6 Months Ended | |||
---|---|---|---|---|
Jun. 30, 2023 | ||||
Subsequent Events [Abstract] | ||||
Subsequent Events |
In July and August 2023, the Company issued convertible promissory notes in the aggregate of $151,000 for cash proceeds of $137,000, net of OID $14,000. The notes are unsecured, have an implied interest rate of 10%, mature in twelve months from issuance, and are convertible into 3,015,584 shares of the Company’s common stock at $0.05 per share. In addition, the Company granted the note holders warrants to purchase 3,015,584 shares of the Company’s common stock at $0.07 per share. The warrants are fully vested and expire one year from the date of issuance. |