Subsequent Events (Details) - USD ($) |
1 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jul. 15, 2021 |
Jul. 13, 2021 |
Jul. 02, 2021 |
Jul. 31, 2021 |
Jun. 30, 2021 |
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Subsequent Event [Member] | |||||
Subsequent Events (Details) [Line Items] | |||||
Exercise price (in Dollars per share) | $ 6.00 | ||||
Warrant expire period | 5 years | ||||
Subsequent event description | In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 shares of its common stock and/or warrants to purchase up to an additional 600,000 shares of its common stock, at the initial public offering price, less the underwriting discounts and commissions. On July 15, 2021, the underwriters exercised their option to purchase warrants for an additional 600,000 shares of common stock, and the Company received gross proceeds of $7,500 for the exercise. | ||||
Mr. John Townsend [Member] | Subsequent Event [Member] | |||||
Subsequent Events (Details) [Line Items] | |||||
Subsequent event description | we entered into an employment agreement with Mr. John Townsend, pursuant to which Mr. Townsend serves as our Chief Financial Officer. Mr. Townsend’s employment agreement provides for an annual base salary of $220,000 and provides that Mr. Townsend will be eligible for an annual discretionary bonus, with a target amount equal to 30% of his base salary, based on the achievement of certain performance objectives established by our Board of Directors. In accordance with the terms of Mr. Townsend’s employment agreement, as soon as reasonably practicable after the date of an initial public offering of the Company, he will receive a one-time equity grant of 18,605 stock options, which shall vest over a period of three years from the date of grant. In addition, Mr. Townsend’s employment agreement contains standard non-competition and non-solicitation provisions. Mr. Townsend is also eligible to receive additional equity-based compensation awards as the Company may grant from time to time. Mr. Townsend’s employment agreement further provides for standard expense reimbursement, vacation time and other standard executive benefits. | ||||
Subsequent Event [Member] | Chief Executive Officer [Member] | |||||
Subsequent Events (Details) [Line Items] | |||||
Deferred compensation | $ 463,000 | ||||
Earned bonus amounts | 219,000 | ||||
Loans amount | $ 216,000 | ||||
IPO [Member] | |||||
Subsequent Events (Details) [Line Items] | |||||
Ownership interest, percentage | 4.00% | ||||
Expired date | Jul. 13, 2021 | ||||
Market capitalization amount | $ 50,000,000 | ||||
IPO [Member] | Subsequent Event [Member] | |||||
Subsequent Events (Details) [Line Items] | |||||
Underwriting initial public offering shares (in Shares) | 5,000,000 | ||||
Initial public offering per unit (in Dollars per share) | $ 5.00 | ||||
Net proceeds | $ 23,212,000 | ||||
Conversion percentage | 70.00% | ||||
Issuance shares (in Shares) | 736,773 | ||||
Warrants to purchase additional shares (in Shares) | 184,193 | ||||
Total shares of common stock (in Shares) | 1,302,326 |