Subsequent Events |
3 Months Ended | ||
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Mar. 31, 2023 | |||
Subsequent Events [Abstract] | |||
Subsequent Events |
On April 19, 2023, the Company terminated the employment of Mina Sooch, the President and Chief
Executive Officer of the Company, and appointed Richard Rodgers as the Company’s interim President and Chief Executive Officer. In connection with the appointment of Richard Rodgers as interim President and Chief Executive Officer of the
Company, the Company and Mr. Rodgers entered into a letter agreement concerning Mr. Rodgers’s services (the “Letter Agreement”). The Letter Agreement provides that Mr. Rodgers will receive a $40,000 monthly salary, and that Mr. Rodgers is eligible for potential prorated bonus at the discretion of the Board, at the end of his term. Mr. Rodgers also received
50,000 restricted stock units under the Company’s 2020 Equity Incentive Plan which will vest 12 months following the grant date.
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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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