Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Stockholders' Equity (Deficit)

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Note 8 - Stockholders' Equity (Deficit)
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 8 – STOCKHOLDERS' EQUITY (DEFICIT)

 

On July 23, 2020, the Company granted 49,751 shares of common stock for services. The shares were valued at $2.01, (the average 14-day closing price), for total non-cash expense of $100,000.  In October 2021, the Company agreed to grant 650,000 shares of common stock for services of advisory board members. The shares vest over a 24 month period and were valued at $1.00 each, consistent with the price of shares issued in the Reg A offering, for a total non-cash expense of $650,000 to be recognized consistent with the shares' vesting schedule. During the three and six months ended June 30, 2022 the Company recognized expense of $81,249 and 162,498, respectively, related to these shares.