Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v3.22.2.2
Subsequent Events (Tables)
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Schedule of Balance Sheet on Actual Basis and Pro Forma Basis

The table below presents the Company’s balance sheet as of June 30, 2022 on an actual basis and on a pro forma basis to give effect to:

The sale of 2,300,000 shares of common stock in the Company's initial public offering including the exercise of the underwriters overallotment option, after deducting the underwriting discount and estimated offering expenses payable by the Company;
The issuance of 219,872 Ratchet Shares in connection with recent private crossover rounds that occurred during the first half of 2022.

 

 

As of June 30, 2022

 

 

 

 

 

 

 

 

Actual

 

 

Pro Forma

 

Cash

$

8,150,012

 

 

$

17,324,751

 

Total debt

 

 

 

Total Stockholders’ Equity

 

6,662,088

 

 

 

15,836,827

 

Shares of Common stock issued and outstanding

 

8,416,032

 

 

 

10,935,904