0001560258 2021-12-01 2021-12-31 0001560258 2021-12-31 0001560258 2020-12-31 0001560258 2020-01-31 0001560258 ecor:ThirdSecuritiesPurchaseAgreementMember 2020-05-18 0001560258 ecor:ThirdSecuritiesPurchaseAgreementMember 2020-05-01 2020-05-18 0001560258 ecor:SecondSecuritiesPurchaseAgreementMember 2021-01-01 2021-12-31 0001560258 ecor:SecondSecuritiesPurchaseAgreementMember 2020-05-01 2020-05-14 0001560258 ecor:SecondSecuritiesPurchaseAgreementMember 2020-05-14 0001560258 ecor:FirstSecuritiesPurchaseAgreementMember 2020-04-14 0001560258 ecor:FirstSecuritiesPurchaseAgreementMember 2020-04-01 2020-04-14 0001560258 2020-03-27 0001560258 us-gaap:NoncontrollingInterestMember 2021-12-31 0001560258 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001560258 us-gaap:NoncontrollingInterestMember 2019-12-31 0001560258 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-12-31 0001560258 us-gaap:ParentMember 2021-12-31 0001560258 us-gaap:ParentMember 2021-01-01 2021-12-31 0001560258 srt:MinimumMember ecor:RestrictedStockAndDeferredStockMember 2021-01-01 2021-12-31 0001560258 srt:MaximumMember ecor:RestrictedStockAndDeferredStockMember 2021-01-01 2021-12-31 0001560258 us-gaap:ParentMember 2019-12-31 0001560258 us-gaap:ParentMember 2020-01-01 2020-12-31 0001560258 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001560258 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001560258 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001560258 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-12-31 0001560258 us-gaap:RetainedEarningsMember 2021-12-31 0001560258 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001560258 us-gaap:RetainedEarningsMember 2019-12-31 0001560258 us-gaap:RetainedEarningsMember 2020-01-01 2020-12-31 0001560258 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001560258 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001560258 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001560258 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-12-31 0001560258 us-gaap:CommonStockMember 2019-12-31 0001560258 us-gaap:CommonStockMember 2020-01-01 2020-12-31 0001560258 ecor:EquityPurchaseAgreementMember ecor:LincolnParkCapitalFundLLCMember 2021-01-01 2021-12-31 0001560258 srt:MinimumMember us-gaap:MachineryAndEquipmentMember 2021-01-01 2021-12-31 0001560258 srt:MaximumMember us-gaap:MachineryAndEquipmentMember 2021-01-01 2021-12-31 0001560258 srt:MinimumMember us-gaap:FurnitureAndFixturesMember 2021-01-01 2021-12-31 0001560258 srt:MaximumMember us-gaap:FurnitureAndFixturesMember 2021-01-01 2021-12-31 0001560258 srt:MaximumMember ecor:EquityPurchaseAgreementMember ecor:LincolnParkCapitalFundLLCMember 2020-03-27 0001560258 ecor:OtherMember 2021-01-01 2021-12-31 0001560258 us-gaap:CommonStockMember 2021-12-31 0001560258 ecor:OtherMember 2020-01-01 2020-12-31 0001560258 country:DE 2020-01-01 2020-12-31 0001560258 country:GB 2020-01-01 2020-12-31 0001560258 country:US 2020-01-01 2020-12-31 0001560258 country:DE 2021-01-01 2021-12-31 0001560258 country:GB 2021-01-01 2021-12-31 0001560258 us-gaap:ComputerEquipmentMember 2021-01-01 2021-12-31 0001560258 us-gaap:USTreasuryBondSecuritiesMember 2021-12-31 0001560258 2020-01-01 2020-12-31 0001560258 us-gaap:InventoryValuationAndObsolescenceMember 2021-12-31 0001560258 2019-12-31 0001560258 ecor:PromissoryNotesMember ecor:CitibankNAMember ecor:PaycheckProtectionProgramMember 2020-05-01 2020-05-04 0001560258 us-gaap:NotesPayableOtherPayablesMember 2021-01-01 2021-12-31 0001560258 2021-01-01 2021-12-31 0001560258 us-gaap:NotesPayableOtherPayablesMember 2021-12-31 0001560258 us-gaap:EmployeeStockOptionMember 2021-01-01 2021-12-31 0001560258 us-gaap:RestrictedStockUnitsRSUMember 2021-01-01 2021-12-31 0001560258 us-gaap:WarrantMember 2021-01-01 2021-12-31 0001560258 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-12-31 0001560258 us-gaap:RestrictedStockUnitsRSUMember 2020-01-01 2020-12-31 0001560258 us-gaap:WarrantMember 2020-01-01 2020-12-31 0001560258 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001560258 country:US 2021-01-01 2021-12-31 0001560258 country:US 2021-12-31 0001560258 ecor:ExercisePriceRangeOneMember 2021-01-01 2021-12-31 0001560258 ecor:ExercisePriceRangeTwoMember 2021-01-01 2021-12-31 0001560258 ecor:ExercisePriceRangeThreeMember 2021-01-01 2021-12-31 0001560258 ecor:ExercisePriceRangeOneMember 2021-12-31 0001560258 ecor:ExercisePriceRangeTwoMember 2021-12-31 0001560258 ecor:ExercisePriceRangeThreeMember 2021-12-31 0001560258 us-gaap:RestrictedStockMember 2021-12-31 0001560258 us-gaap:RestrictedStockMember 2021-01-01 2021-12-31 0001560258 ecor:RestrictedStockAndDeferredStockMember 2021-12-31 0001560258 ecor:RestrictedStockAndDeferredStockMember 2021-01-01 2021-12-31 0001560258 ecor:TwoThousandEighteenOmnibusEquityIncentivePlanMember 2018-06-21 0001560258 ecor:NonEmployeeDirectorMember 2021-01-01 2021-12-31 0001560258 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2021-01-01 2021-12-31 0001560258 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2020-01-01 2020-12-31 0001560258 us-gaap:ResearchAndDevelopmentExpenseMember 2020-01-01 2020-12-31 0001560258 us-gaap:ResearchAndDevelopmentExpenseMember 2021-01-01 2021-12-31 0001560258 us-gaap:CostOfSalesMember 2021-01-01 2021-12-31 0001560258 us-gaap:CostOfSalesMember 2020-01-01 2020-12-31 0001560258 2021-01-31 0001560258 ecor:TwoThousandEighteenOmnibusEquityIncentivePlanMember 2018-06-01 2018-06-21 0001560258 ecor:FederalRandDcreditsMember 2021-01-01 2021-12-31 0001560258 ecor:NewJerseyRandDcreditsMember 2021-01-01 2021-12-31 0001560258 country:GB 2021-12-31 0001560258 country:DE 2021-12-31 0001560258 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2021-01-01 2021-12-31 0001560258 ecor:EquityPurchaseAgreementMember ecor:LincolnParkCapitalFundLLCMember 2020-03-27 0001560258 us-gaap:USTreasuryBondSecuritiesMember 2020-12-31 0001560258 us-gaap:InventoryValuationAndObsolescenceMember 2020-12-31 0001560258 ecor:EquityPurchaseAgreementMember ecor:LincolnParkCapitalFundLLCMember 2021-12-31 0001560258 country:US 2020-12-31 0001560258 country:DE 2020-12-31 0001560258 2020-04-01 2020-04-14 0001560258 us-gaap:RestrictedStockMember 2020-12-31 0001560258 ecor:RestrictedStockAndDeferredStockMember 2020-12-31 0001560258 ecor:VadodFacilitiesMember 2020-01-01 2020-12-31 0001560258 ecor:VadodFacilitiesMember 2021-01-01 2021-12-31 0001560258 2021-09-27 0001560258 us-gaap:NotesPayableOtherPayablesMember 2021-07-02 0001560258 us-gaap:NotesPayableOtherPayablesMember 2020-06-21 2020-07-02 0001560258 us-gaap:NotesPayableOtherPayablesMember 2020-07-02 0001560258 us-gaap:NotesPayableOtherPayablesMember 2021-06-20 2021-07-02 0001560258 us-gaap:IPOMember 2021-07-02 0001560258 us-gaap:IPOMember 2021-07-01 2021-07-02 0001560258 2021-08-30 0001560258 ecor:NewEmployeeMember us-gaap:EmployeeSeveranceMember 2020-01-01 2020-01-31 0001560258 ecor:NewEmployeeMember 2020-01-01 2020-01-31 0001560258 2021-01-01 2021-01-31 0001560258 us-gaap:CommonStockMember 2020-12-31 0001560258 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001560258 us-gaap:RetainedEarningsMember 2020-12-31 0001560258 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001560258 us-gaap:ParentMember 2020-12-31 0001560258 us-gaap:NoncontrollingInterestMember 2020-12-31 0001560258 ecor:VadodNetSalesConcentrationMember 2021-01-01 2021-12-31 0001560258 ecor:VadodNetSalesConcentrationMember 2020-01-01 2020-12-31 0001560258 2021-06-30 0001560258 srt:MinimumMember ecor:TwoThousandEighteenOmnibusEquityIncentivePlanMember 2021-12-31 0001560258 srt:MaximumMember ecor:TwoThousandEighteenOmnibusEquityIncentivePlanMember 2021-12-31 0001560258 us-gaap:OfficeEquipmentMember 2020-01-01 2020-12-31 0001560258 ecor:ChannelTwoMember 2021-12-31 0001560258 ecor:StockPurchaseWarrantsMember 2020-12-31 0001560258 ecor:StockPurchaseWarrantsMember 2021-12-31 0001560258 ecor:StockPurchaseWarrantsMember 2021-01-01 2021-12-31 0001560258 ecor:VADoDFacilitiesMoreThanNetSalesMember 2020-01-01 2020-12-31 0001560258 ecor:VADoDFacilitiesMoreThanNetSalesMember 2021-01-01 2021-12-31 0001560258 ecor:SalesRevenuesMember us-gaap:RevenueFromRightsConcentrationRiskMember ecor:DepartmentofVeteransAffairsandDepartmentofDefenseMember 2021-01-01 2021-12-31 0001560258 ecor:SalesRevenuesMember us-gaap:RevenueFromRightsConcentrationRiskMember ecor:DepartmentofVeteransAffairsandDepartmentofDefenseMember 2020-01-01 2020-12-31 0001560258 ecor:SalesRevenuesMember us-gaap:RevenueFromRightsConcentrationRiskMember ecor:NationalHealthServiceMember 2021-01-01 2021-12-31 0001560258 ecor:SalesRevenuesMember us-gaap:RevenueFromRightsConcentrationRiskMember ecor:NationalHealthServiceMember 2020-01-01 2020-12-31 0001560258 2022-03-01 shares pure iso4217:EUR iso4217:USD iso4217:USD shares ecor:Segments ecor:Directors ecor:Channels NASDAQ

P2Y

false DE true Yes Yes No true true FY 2021 Non-accelerated Filer --12-31 0001560258 false No true

P4Y

false

P4Y

false 10-K 2021-12-31 001-38538 electroCore, Inc. 20-3454976 200 Forge Way Suite 205 Rockaway NJ 07866 (973) 290-0097 Common Stock, Par Value $0.001 Per Share ECOR 51984860 70718191 688 Marcum LLP New York

34688880

4241937

18386160

438243

270546

1360594

876436

1053572

1288588

37541289

25063667

3940055

4865181

146568

244047

613280

517257

591518

828011

42832710

31518163

1543032

2078699

3880978

2965702

311354

61403

534547

5485413

5890302

699463

885333

1097946

6184876

7873581

0.001

10000000

0.001

500000000

70704123

45559765

70704

45560

160772600

130205027

-124208218

-106990148

12748

-251467

36647834

23008972

635610

36647834

23644582

42832710

31518163

5451192

3495832

1385003

1737539

4066189

1758293

2535864

4201279

21573431

21840919

464606

24109295

26506804

-20043106

-24748511

1422214

549254

10678

84327

8280

17756

1973866

66571

-18069240

-24681940

-851170

-1170890

-17218070

-23511050

-0.29

-0.6

59177718

38998698

-17218070

-23511050

175470

-207012

-86356

2389

-3160

264215

-210172

-16953855

-23721222

29835183

29835

107752066

-83479098

-41295

24261508

635610

24897118

-23511050

-210172

14308048

14308

19370888

19385196

692514 693 -693

182821

724020

724

-724

3266311

45559765

45560

130205027

-106990148

-251467

23008972

635610

23644582

-17218070

264215

23450000

23450

25658712

25682162

1152380 1152 1207323 1208475 1208475

376565

377

-377

165413 165 399832 399997 399997

3302083

-635610 -635610

70704123

70704

160772600

-124208218

12748

36647834

-17218070

-23511050

3302083

3266311

381509

399242

-142244

-31096

1422214

549254

57371

49489

-9525 156434 55114 372304

69972

433918

557543

-676

217186

-225594

-370996

-735637

-716044

-982129

464333

-1581579

425219

-1632617

151137

20131

-486445

-13627623

-20050807

5082730

24463158

23300000

16500000

18217270

-7963158

25682162

17489563

1410524

25682162

18900087

175134

-207976

30446943

-9321854

4241937

13563791

34688880

4241937

876690 1170890

38622

3769

9941

12895

1275370

1548702

399997

Note 1. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">The Company electroCore is commercial stage medical device company with a proprietary non-invasive vagus nerve stimulation, or nVNS, therapy, called gammaCore. nVNS is a platform bioelectronic medical therapy that modulates neurotransmitters and immune function through its effects on both the peripheral and central nervous systems. The Company is initially focused on utilizing gammaCore in the management and treatment of primary headache conditions. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: -0.0666667px; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;"><span style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; letter-spacing: -.05pt; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">electroCore, headquartered in Rockaway, New Jersey, has two wholly owned subsidiaries: electroCore Germany GmbH, and electroCore UK Ltd. The Company has ceased its operations in Germany, although sales to Germany are still supported by electroCore UK Ltd. On November 2, 2021, the Company formally terminated its agreement with electroCore (Aust) Pty Limited (“electroCoreAustralia”). Prior to this termination, electroCoreAustralia was subject to electroCore’s control on a basis other than voting interests and was a variable interest entity (“VIE”), for which electroCore was the primary beneficiary. As of May 2017, the VIE had ceased operations. (see Note 14)

<div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> Note 2. Summary of Significant Accounting Policies <div style="border-right: none; border-left: none;"> (a) Basis of Presentation The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the rules and regulations of the Securities and Exchange Commission ("SEC"). </div> <div style="border-left: none; border-right: none;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b) Principles of Consolidation The accompanying consolidated financial statements include the accounts of electroCore and its wholly owned subsidiaries. electroCore Australia was consolidated with the non-controlled equity presented as non-controlling interest in the Company's consolidated financial statements for the year ended December 31, 2020. As described in Note 1, the Company terminated its affiliation with electroCore Australia on November 2, 2021 and, as such, this dormant entity was not included in the <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Company's consolidated financial statements for the year ended December 31, 2021. All intercompany balances and transactions have been eliminated in consolidation. </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> (c) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include allowances for doubtful accounts, trade credits, rebates, co-payment assistance and sales returns, <span style="color: #000000; font-family: ' times new roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">valuation of inventory<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">, stock compensation, incremental borrowing rate and contingencies. </div> <div style="border-left: none; border-right: none;"> (d) Revenue Recognition The Company accounts for its revenue transactions under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). In accordance with ASC Topic 606, the Company recognizes revenues when its customers obtain control of its product for an amount that reflects the consideration it expects to receive from its customers in exchange for that product. To determine revenue recognition for contracts that are determined to be in scope of ASC Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once the contract is determined to be within the scope of ASC Topic 606, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when such performance obligation is satisfied. The transaction price is based on the consideration that the Company expects to receive in exchange for its products and includes the fixed per-unit price of the product and variable consideration in the form of trade credits, vouchers, rebates, and co-payment assistance. The per-unit price is based on the Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer. Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. Damaged or defective products are replaced at no charge under the Company’s standard warranty. A cash refund is allowed under specific circumstances for undamaged and non-defective returned products. </div> <div style="border-left: none; border-right: none;"> (e) Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with a maturity of three months or less when purchased. The Company’s accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per financial institution in the United States, and up to <span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">£85,000<span style="color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> by the Financial Services Compensation Scheme (“FSCS”) per financial institution in the United Kingdom.<span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> </div> <div style="border-left: none; border-right: none;"> (f) Marketable Securities Marketable securities, all of which are available-for-sale, consist of corporate debt securities, U.S. bonds and U.S. sponsored agencies. Marketable securities are carried at fair value, with unrealized gains and losses reported as accumulated other comprehensive income, except for losses from impairments which are determined to be other-than-temporary. Realized gains and losses and declines in value judged to be other-than-temporary are included in the determination of net loss and are included in interest and other income net. Fair values are based on quoted market prices at the reporting date. Interest and dividends on available-for-sale securities are included in Interest and other income. </div> </div> </div> </div> </div> </div> </div> <div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> (g) Concentration of Credit Risk Cash, cash equivalents and marketable securities are financial instruments that potentially subject the Company to concentration of credit risk. As of December 31, 2021, the Company's cash equivalents and marketable securities were largely comprised of money market funds. The Company has established guidelines relative to diversification and maturities that are designed to help ensure safety and liquidity. These guidelines are periodically reviewed to take advantage of trends in yields and interest rates. As of December 31, 2021, approximately 99.2% of the Company’s cash, cash equivalents and marketable securities was denominated in U.S. Dollars, the balance is subject to foreign exchange risk. </div> <div style="border-left: none; border-right: none;"> (h) Accounts Receivable Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. Management considers an account receivable to be past due when it is not settled under its stated terms. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. During the years ended December 31, 2021 and 2020, the Company's allowance for doubtful accounts was immaterial. The Company does not have any off balance sheet credit exposure related to its customers. </div> <div style="border-left: none; border-right: none;"> (i) Inventories Inventory, which consists of raw materials, work-in-process and finished product, is stated at the lower of cost or net realizable value. Inventory is valued on a first-in first-out basis. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company evaluates inventory with respect to its operating cycle and classifies inventory as current or long-term on its balance sheet. Based upon estimated production needs and current inventory levels, the Company determined the amount of inventory necessary for the next twelve months. Any amounts over this projection are reclassified as Inventories, noncurrent. In addition, the Company’s product is subject to strict quality control and monitoring which the Company performs throughout the manufacturing process. If certain units of product no longer meet quality specification or become obsolete, the Company records a charge to cost of sales sold to write down such unmarketable inventory to zero. </div> <div style="border-left: none; border-right: none;"> <div style="margin: 0px; text-indent: 0px;">(j) Property and Equipment </div> Property and equipment are stated at historical cost. Depreciation is computed by the straight-line method based on the estimated useful lives of the respective assets, as discussed below. Amounts expended for maintenance and repairs are charged to expense as incurred. Depreciation and leasehold improvement amortization is computed using the following estimated useful lives: <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> Machinery and equipment </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> 3–15 years </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> Leasehold improvements </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> Lesser of estimated useful life or remaining term of lease </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Furniture and fixtures </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5–10 years </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Computer equipment </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5 years </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> (k) Leases The Company determines if an arrangement is a lease at inception. For each lease, the lease term is determined at the commencement date and includes renewal options and termination options when it is reasonably certain that the Company will exercise that option. Operating leases with the lease terms greater than one year are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities in the Company’s consolidated balance sheets. Operating lease ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term using an estimated rate of interest the Company would have to pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The operating lease ROU assets are based on the liability adjusted for any prepaid or deferred rent and lease incentives. The incremental borrowing rate was utilized to discount lease payments over the expected term given that the Company’s operating leases do not provide an implicit rate. The Company estimates the incremental borrowing rate to reflect the profile of secured borrowing over the expected term of the leases based on the information available at the later of the date of adoption or the lease commencement date. Rent expense for the operating lease is recognized on a straight-line basis over the lease term. </div> <div style="border-left: none; border-right: none;"> (l) Cloud Computing Arrangement Implementation costs for the Company’s cloud computing arrangement (“CCA”) are capitalized and amortized using the straight-line method over the life of the arrangement. The Company has capitalized implementation costs incurred in implementing its cloud computing arrangements, which is a hosting arrangement that is a service contract per FASB Accounting Standards Update (“ASU”) 2018-15. These costs include payroll costs of employees devoting time to the project and external direct costs for materials and services are capitalized. Software maintenance and training costs are expensed in the period in which they are incurred. The capitalized costs are included as a component of other assets. </div> <div style="border-left: none; border-right: none;"> (m) Impairment of Long-Lived Assets Long lived assets, such as property, plant, and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary. </div> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-right: none; border-left: none;"> (n) Stock-based Compensation The Company accounts for stock-based compensation in accordance with the ASC Topic 718, Compensation – Stock Compensation. The Company estimates the fair value of stock option awards using the Black-Scholes option pricing model on the date of the grant. Restricted stock unit awards and restricted stock awards without a market condition are valued based on the closing price of the Company’s common stock on the date of the grant. Compensation expense reflects actual forfeitures and is primarily recognized on a straight-line basis over the requisite service period of the individual grants, which typically equals the vesting period. <div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> (o) Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, "Income Taxes." Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax provisions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company is currently not aware of any issues under review that could result in significant payments, accruals or deviation from its position during the next twelve months. </div> <div style="border-left: none; border-right: none;"> (p) Research and Development Research and development costs are expensed as incurred. These costs include, but are not limited to, costs related to clinical trials, and compensation and related overhead for employees and consultants involved in research and development activities. </div> <div style="border-left: none; border-right: none;"> (q) Foreign Currency Translation and Transactions The functional currency of the Company’s international operations has been determined to be the respective local currency. The Company translates functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect at the balance sheet date and translates functional currency income and expense amounts to their U.S. dollar equivalents at average exchange rates for the period. The U.S. dollar affects that arise from changing translation rates are recorded in other comprehensive loss. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the period they occur. </div> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> (r) Segment Information Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company views its operations and manages its business as one operating segment. (s) Revision of Statement of Cash Flows Activity In preparation of its financial statements for the quarter ended March 31, 2021, the Company realized that proceeds from its July 1, 2020 Commercial Insurance Premium Finance and Security Agreement should have been treated as a noncash activity instead of grossed up on the accompanying consolidated statement of cash flows. Even though the amount was not considered material, the financial statements have been revised. As a result, net cash used in operating and provided by financing activities for the year ended December 31, 2020, decreased by approximately $52,000. (t) Prior year presentation Prior year presentation has been conformed to current year presentation. </div> </div> <div style="border-left: none; border-right: none;"> (u) Recently Adopted Accounting Standards In August 2018, the FASB issued guidance which modified the disclosure requirements for fair value measurements. The guidance is effective for the year ended December 31, 2020. The Company adopted this guidance, and it was properly reflected in the consolidated financial statements. The impact on the consolidated financial statements was immaterial. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326); Measurement of Credit Losses on Financial Instruments, ASU 2016-13 changes the impairment model for most financial assets, including trade and other receivables, from an incurred loss method to a new forward looking approach based on expected losses. The new approach includes the consideration of historical experience, current conditions, and reasonable and supportable forecasts. The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial. <span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">In December 2019, the FASB issued an update to simplify the accounting for income taxes and improve consistent application by clarifying or amending existing guidance. This guidance is effective for the year ended December 31, 2021. <span style="color: #000000; font-family: ' times new roman', times; font-size: 13.33px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial. </div> </div> </div> </div> </div> </div> </div>

(a) Basis of Presentation The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and the rules and regulations of the Securities and Exchange Commission ("SEC").

<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b) Principles of Consolidation The accompanying consolidated financial statements include the accounts of electroCore and its wholly owned subsidiaries. electroCore Australia was consolidated with the non-controlled equity presented as non-controlling interest in the Company's consolidated financial statements for the year ended December 31, 2020. As described in Note 1, the Company terminated its affiliation with electroCore Australia on November 2, 2021 and, as such, this dormant entity was not included in the <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Company's consolidated financial statements for the year ended December 31, 2021. All intercompany balances and transactions have been eliminated in consolidation.

(c) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include allowances for doubtful accounts, trade credits, rebates, co-payment assistance and sales returns, <span style="color: #000000; font-family: ' times new roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">valuation of inventory<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">, stock compensation, incremental borrowing rate and contingencies.

(d) Revenue Recognition The Company accounts for its revenue transactions under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC Topic 606”). In accordance with ASC Topic 606, the Company recognizes revenues when its customers obtain control of its product for an amount that reflects the consideration it expects to receive from its customers in exchange for that product. To determine revenue recognition for contracts that are determined to be in scope of ASC Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. Once the contract is determined to be within the scope of ASC Topic 606, the Company assesses the goods or services promised within each contract and determines those that are performance obligations and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when such performance obligation is satisfied. The transaction price is based on the consideration that the Company expects to receive in exchange for its products and includes the fixed per-unit price of the product and variable consideration in the form of trade credits, vouchers, rebates, and co-payment assistance. The per-unit price is based on the Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer. Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. Damaged or defective products are replaced at no charge under the Company’s standard warranty. A cash refund is allowed under specific circumstances for undamaged and non-defective returned products.

(e) Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with a maturity of three months or less when purchased. The Company’s accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per financial institution in the United States, and up to <span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">£85,000<span style="color: black; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> by the Financial Services Compensation Scheme (“FSCS”) per financial institution in the United Kingdom.<span style="color: #000000; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

250000

85000

(f) Marketable Securities Marketable securities, all of which are available-for-sale, consist of corporate debt securities, U.S. bonds and U.S. sponsored agencies. Marketable securities are carried at fair value, with unrealized gains and losses reported as accumulated other comprehensive income, except for losses from impairments which are determined to be other-than-temporary. Realized gains and losses and declines in value judged to be other-than-temporary are included in the determination of net loss and are included in interest and other income net. Fair values are based on quoted market prices at the reporting date. Interest and dividends on available-for-sale securities are included in Interest and other income.

(g) Concentration of Credit Risk Cash, cash equivalents and marketable securities are financial instruments that potentially subject the Company to concentration of credit risk. As of December 31, 2021, the Company's cash equivalents and marketable securities were largely comprised of money market funds. The Company has established guidelines relative to diversification and maturities that are designed to help ensure safety and liquidity. These guidelines are periodically reviewed to take advantage of trends in yields and interest rates. As of December 31, 2021, approximately 99.2% of the Company’s cash, cash equivalents and marketable securities was denominated in U.S. Dollars, the balance is subject to foreign exchange risk.

0.992

(h) Accounts Receivable Accounts receivable are recorded at the invoiced amount and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses inherent in its accounts receivable portfolio. Management considers an account receivable to be past due when it is not settled under its stated terms. In establishing the required allowance, management considers historical losses adjusted to take into account current market conditions and customers financial condition, the amount of receivables in dispute, and the current receivables aging and current payment patterns. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. During the years ended December 31, 2021 and 2020, the Company's allowance for doubtful accounts was immaterial. The Company does not have any off balance sheet credit exposure related to its customers.

(i) Inventories Inventory, which consists of raw materials, work-in-process and finished product, is stated at the lower of cost or net realizable value. Inventory is valued on a first-in first-out basis. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The Company evaluates inventory with respect to its operating cycle and classifies inventory as current or long-term on its balance sheet. Based upon estimated production needs and current inventory levels, the Company determined the amount of inventory necessary for the next twelve months. Any amounts over this projection are reclassified as Inventories, noncurrent. In addition, the Company’s product is subject to strict quality control and monitoring which the Company performs throughout the manufacturing process. If certain units of product no longer meet quality specification or become obsolete, the Company records a charge to cost of sales sold to write down such unmarketable inventory to zero.

<div style="margin: 0px; text-indent: 0px;">(j) Property and Equipment </div> Property and equipment are stated at historical cost. Depreciation is computed by the straight-line method based on the estimated useful lives of the respective assets, as discussed below. Amounts expended for maintenance and repairs are charged to expense as incurred. Depreciation and leasehold improvement amortization is computed using the following estimated useful lives: <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> Machinery and equipment </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> 3–15 years </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> Leasehold improvements </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> Lesser of estimated useful life or remaining term of lease </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Furniture and fixtures </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5–10 years </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Computer equipment </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5 years </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div>

<div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_CBZ78PBYA800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 79.5%;"> Machinery and equipment </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 20%;"> 3–15 years </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px;"> Leasehold improvements </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> Lesser of estimated useful life or remaining term of lease </td> </tr> <tr style="height: 17px;"> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Furniture and fixtures </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #cff0fc; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5–10 years </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Computer equipment </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 5 years </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> </div> </div> </div>

P3Y

P15Y

Lesser of estimated useful life or remaining term of lease

P5Y

P10Y

P5Y

(k) Leases The Company determines if an arrangement is a lease at inception. For each lease, the lease term is determined at the commencement date and includes renewal options and termination options when it is reasonably certain that the Company will exercise that option. Operating leases with the lease terms greater than one year are included in operating lease right-of-use (“ROU”) assets and current and long-term operating lease liabilities in the Company’s consolidated balance sheets. Operating lease ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term using an estimated rate of interest the Company would have to pay to borrow equivalent funds on a collateralized basis at the lease commencement date. The operating lease ROU assets are based on the liability adjusted for any prepaid or deferred rent and lease incentives. The incremental borrowing rate was utilized to discount lease payments over the expected term given that the Company’s operating leases do not provide an implicit rate. The Company estimates the incremental borrowing rate to reflect the profile of secured borrowing over the expected term of the leases based on the information available at the later of the date of adoption or the lease commencement date. Rent expense for the operating lease is recognized on a straight-line basis over the lease term.

(l) Cloud Computing Arrangement Implementation costs for the Company’s cloud computing arrangement (“CCA”) are capitalized and amortized using the straight-line method over the life of the arrangement. The Company has capitalized implementation costs incurred in implementing its cloud computing arrangements, which is a hosting arrangement that is a service contract per FASB Accounting Standards Update (“ASU”) 2018-15. These costs include payroll costs of employees devoting time to the project and external direct costs for materials and services are capitalized. Software maintenance and training costs are expensed in the period in which they are incurred. The capitalized costs are included as a component of other assets.

(m) Impairment of Long-Lived Assets Long lived assets, such as property, plant, and equipment, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset or asset group be tested for possible impairment, the Company first compares undiscounted cash flows expected to be generated by that asset or asset group to its carrying amount. If the carrying amount of the long-lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third-party independent appraisals, as considered necessary.

(n) Stock-based Compensation The Company accounts for stock-based compensation in accordance with the ASC Topic 718, Compensation – Stock Compensation. The Company estimates the fair value of stock option awards using the Black-Scholes option pricing model on the date of the grant. Restricted stock unit awards and restricted stock awards without a market condition are valued based on the closing price of the Company’s common stock on the date of the grant. Compensation expense reflects actual forfeitures and is primarily recognized on a straight-line basis over the requisite service period of the individual grants, which typically equals the vesting period.

(o) Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, "Income Taxes." Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax provisions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company is currently not aware of any issues under review that could result in significant payments, accruals or deviation from its position during the next twelve months.

(p) Research and Development Research and development costs are expensed as incurred. These costs include, but are not limited to, costs related to clinical trials, and compensation and related overhead for employees and consultants involved in research and development activities.

(q) Foreign Currency Translation and Transactions The functional currency of the Company’s international operations has been determined to be the respective local currency. The Company translates functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect at the balance sheet date and translates functional currency income and expense amounts to their U.S. dollar equivalents at average exchange rates for the period. The U.S. dollar affects that arise from changing translation rates are recorded in other comprehensive loss. Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the period they occur.

(r) Segment Information Operating segments are defined as components of an enterprise about which separate discrete information is available for evaluation by the chief operating decision-maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company views its operations and manages its business as one operating segment.

52000

(u) Recently Adopted Accounting Standards In August 2018, the FASB issued guidance which modified the disclosure requirements for fair value measurements. The guidance is effective for the year ended December 31, 2020. The Company adopted this guidance, and it was properly reflected in the consolidated financial statements. The impact on the consolidated financial statements was immaterial. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326); Measurement of Credit Losses on Financial Instruments, ASU 2016-13 changes the impairment model for most financial assets, including trade and other receivables, from an incurred loss method to a new forward looking approach based on expected losses. The new approach includes the consideration of historical experience, current conditions, and reasonable and supportable forecasts. The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial. <span style="float: none; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">In December 2019, the FASB issued an update to simplify the accounting for income taxes and improve consistent application by clarifying or amending existing guidance. This guidance is effective for the year ended December 31, 2021. <span style="color: #000000; font-family: ' times new roman', times; font-size: 13.33px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company adopted this guidance and determined the impact on the consolidated financial statements was immaterial.

Note 3. Significant Risks and Uncertainties Liquidity The Company has experienced significant net losses and cash used in operations, and it expects to continue to incur net losses and cash used in operations for the near future as it works to increase market acceptance of its gammaCore. The Company has never been profitable and has incurred net losses and cash used in operations in each year since its inception. The Company incurred net losses of $17.2 million and $23.5 million for the years ended December 31, 2021 and 2020, respectively. Cash used in operating activities was $13.6 million and $20.1 million for the years ended December 31, 2021 and 2020, respectively. The Company’s expected cash requirements for the next 12 months and beyond are largely based on the commercial success of its products. There are significant risks and uncertainties as to its ability to achieve these operating results, including as a result of the adverse impact on its headache business from the ongoing COVID-19 pandemic. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company has historically funded its operations from the sale of its common stock. During the year ended December 31, 2021, the Company received net proceeds of approximately $25.7 million from such sales and as of December 31, 2021, the Company’s cash, cash equivalents and marketable securities totaled $34.7 million. The Company believes that the substantial doubt of its ability to continue as a going concern is alleviated based on proceeds received from its common stock offerings. The Company believes its cash and marketable securities will enable it to fund its operating expenses and capital expenditure requirements, as currently planned, for at least the next 12 months from the date the accompanying financial statements are issued. Concentration of Revenue Risks The Company earns a significant amount of its revenue (i) in the United States from the Department of Veterans Affairs and Department of Defense ("VA/DoD") pursuant to its qualifying contract under the Federal Supply Schedule and open market sales to individual Department of Veterans Affairs facilities and (ii) in the United Kingdom from the National Health Service. Each of these two channels accounted for 10% or more of the Company's net sales in the years ended December 31, 2021 and 2020. The following table reflects the respective concentration as a percentage of the Company's total net sales: <table cellpadding="0" style="height: 69px; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid #000000;"> </td> <td style="height: 18px;"> </td> <td colspan="6" style="text-align: center; height: 18px; border-bottom: 1px solid #000000;">Years ended December 31,</td> <td style="height: 18px;"> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Revenue channel: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px;"> VA/DoD</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 59.8 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; text-align: right;"> 57.9 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">National Health Service</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;">24.1</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right;"> 29.0 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> </tr> </tbody> </table> The following table reflects the Company's net sales concentration within the VA/DoD: <table cellpadding="0" style="height: 72px; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;"> <tbody> <tr style="height: 17px; background-color: #ffffff;"> <td style="height: 17px; background-color: #ffffff; margin: 0pt; padding-right: 8px; vertical-align: bottom; border-bottom: 1pt solid #000000;"> </td> <td style="height: 17px; background-color: #ffffff; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td colspan="6" style="height: 17px; background-color: #ffffff; vertical-align: bottom; text-align: center; border-bottom: 1pt solid #000000;"><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">Years ended December 31, </td> <td style="height: 17px; background-color: #ffffff; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td colspan="3" style="height: 10px; border-bottom: 1pt solid #000000; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> 2021 </td> <td style="height: 10px; vertical-align: bottom; white-space: nowrap;"> </td> <td colspan="2" style="height: 10px; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;">2020 </td> <td style="height: 10px; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="height: 17px; vertical-align: bottom; background-color: #cceeff; width: 77%;">Number of VA/DoD facilities </td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%;">4</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%;">4</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 11px;"> <td style="height: 11px; vertical-align: bottom;">VA/DoD net sales concentration</td> <td style="height: 11px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td style="height: 11px; margin: 0px; border-bottom: 1px solid #000000; vertical-align: bottom;"> </td> <td align="right" style="height: 11px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000;"> 51.4 </td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000;">%</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap;"> </td> <td align="right" style="height: 11px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000;">45.3</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000;">%</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="height: 17px; vertical-align: bottom; margin: 6pt 0in 5pt; line-height: 13pt; background-color: #cceeff;">Number of VA/DoD facilities accounting for more than 10% of VA/DoD net sales</td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="height: 17px; margin: 0px; border-bottom: 1px solid #000000; background-color: #cceeff; vertical-align: bottom;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">2</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000; background-color: #cceeff;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">2</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000; background-color: #cceeff;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td> </tr> </tbody> </table> During these periods, no other customer accounted for 10% or more of the Company's net sales. Foreign Currency Exchange Risks The Company has foreign currency exchange risk related to revenue and operating expenses in currencies other than the local currencies in which it operates. The Company is exposed to currency risk from the potential changes in functional currency values of its assets, liabilities, and cash flows denominated in foreign currencies. COVID-19 Risks and Uncertainties The Company continues to monitor the impact of the coronavirus pandemic on all aspects of its business and geographies, including how it will impact business partners, customers and the global supply chain. While the Company experienced disruptions during the years ended December 31, 2021 and 2020 from the coronavirus pandemic, it is unable to predict the full impact that the coronavirus pandemic may have on its financial condition, results of operations and cash flows due to numerous uncertainties. These uncertainties include the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact and the direct and indirect economic effects of the pandemic and containment measures, among others. The <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;">coronavirus<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> pandemic has significantly adversely impacted global economic activity and has contributed to significant volatility and negative pressure in financial markets. Depending upon the duration and severity of the pandemic, the continuing effect on the Company's results and outlook over the long term remains uncertain. 17200000 23500000

13600000

20100000

25700000

34700000 2 0.10

<table cellpadding="0" style="height: 69px; letter-spacing: normal; orphans: 2; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid #000000;"> </td> <td style="height: 18px;"> </td> <td colspan="6" style="text-align: center; height: 18px; border-bottom: 1px solid #000000;">Years ended December 31,</td> <td style="height: 18px;"> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 0.75pt solid #000000;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Revenue channel: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px;"> VA/DoD</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 59.8 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; text-align: right;"> 57.9 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff;"> <span style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">National Health Service</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;">24.1</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; text-align: right;"> 29.0 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> </tr> </tbody> </table>

0.598

0.579

0.241

0.29

<table cellpadding="0" style="height: 72px; width: 100%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;"> <tbody> <tr style="height: 17px; background-color: #ffffff;"> <td style="height: 17px; background-color: #ffffff; margin: 0pt; padding-right: 8px; vertical-align: bottom; border-bottom: 1pt solid #000000;"> </td> <td style="height: 17px; background-color: #ffffff; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td colspan="6" style="height: 17px; background-color: #ffffff; vertical-align: bottom; text-align: center; border-bottom: 1pt solid #000000;"><span style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">Years ended December 31, </td> <td style="height: 17px; background-color: #ffffff; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td colspan="3" style="height: 10px; border-bottom: 1pt solid #000000; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> 2021 </td> <td style="height: 10px; vertical-align: bottom; white-space: nowrap;"> </td> <td colspan="2" style="height: 10px; text-align: center; vertical-align: bottom; border-bottom: 1pt solid #000000; white-space: nowrap;">2020 </td> <td style="height: 10px; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="height: 17px; vertical-align: bottom; background-color: #cceeff; width: 77%;">Number of VA/DoD facilities </td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff; width: 0.5%;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%;">4</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%;">4</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 11px;"> <td style="height: 11px; vertical-align: bottom;">VA/DoD net sales concentration</td> <td style="height: 11px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td> <td style="height: 11px; margin: 0px; border-bottom: 1px solid #000000; vertical-align: bottom;"> </td> <td align="right" style="height: 11px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000;"> 51.4 </td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000;">%</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap;"> </td> <td align="right" style="height: 11px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000;">45.3</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000;">%</td> <td style="height: 11px; vertical-align: bottom; white-space: nowrap;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="height: 17px; vertical-align: bottom; margin: 6pt 0in 5pt; line-height: 13pt; background-color: #cceeff;">Number of VA/DoD facilities accounting for more than 10% of VA/DoD net sales</td> <td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="height: 17px; margin: 0px; border-bottom: 1px solid #000000; background-color: #cceeff; vertical-align: bottom;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">2</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000; background-color: #cceeff;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td> <td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; border-bottom: 1px solid #000000; background-color: #cceeff;">2</td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; border-bottom: 1px solid #000000; background-color: #cceeff;"> </td> <td style="height: 17px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td> </tr> </tbody> </table> 0.04 0.04 0.514 0.453 0.02 0.02 0.10

Note 4. Revenue Recognition Geographical Net Sales The following table presents net sales disaggregated by geographic area: <div id="t_ft_VOTK4EA64W00000000000000000000b"> <table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="7" style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> Years ended December 31, </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Geographic Market </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> United States </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,939,862 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2,374,687 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> United Kingdom </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,343,981 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,051,206 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Germany </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 28,993 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 53,925 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Other </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 138,356 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 16,014 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> Total Net Sales </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,451,192 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,495,832 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> </tr> </tbody> </table> </div> Performance Obligations <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Revenue, net of discounts, vouchers, rebates, returns, and co-payment assistance is solely generated from the sales of the gammaCore products. Revenue is recognized when delivery of the product is completed. The Company deems control to have transferred upon the completion of delivery because that is the point in which (1) it has a present right to payment for the product, (2) it has transferred the physical possession of the product, (3) the customer has legal title to the product, (4) the customer has risks and rewards of ownership and (5) the customer has accepted the product. After the products have been delivered and control has transferred, the Company has no remaining unsatisfied performance obligations. <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Revenue is measured based on the consideration that the Company expects to receive in exchange for gammaCore, which represents the transaction price. The transaction price includes the fixed per-unit price of the product and variable consideration in the form of trade credits, rebates, and co-payment assistance. The per-unit price is based on the Company’s established wholesale acquisition cost less a contractually agreed upon distributor discount with the customer. <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Trade credits are discounts that are contingent upon a timely remittance of payment and are estimated based on historical experience. For the years ended December 31, 2021 and 2020, trade credits and discounts were immaterial. <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Contract Balances <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The Company generally invoices the customer and recognizes revenue once its performance obligations are satisfied, at which point payment is unconditional. Accordingly, under ASC 606, the Company’s contracts with customers did not give rise to contract assets or liabilities during the year ended December 31, 2021 and 2020. <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Agreed upon payment terms with customers are within 30 days of shipment. Accordingly, contracts with customers do not include a significant financing component.

<div id="t_ft_VOTK4EA64W00000000000000000000b"> <table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="7" style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> Years ended December 31, </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Geographic Market </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> United States </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,939,862 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2,374,687 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> United Kingdom </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,343,981 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,051,206 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Germany </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 28,993 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 53,925 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Other </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 138,356 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 16,014 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> Total Net Sales </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,451,192 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,495,832 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> </tr> </tbody> </table> </div>

3939862

2374687

1343981

1051206

28993

53925

138356

16014

5451192

3495832

P30D

Note 5. Cash, Cash Equivalents and Marketable Securities The following tables summarizes the Company’s cash, cash equivalents and marketable securities as of December 31, 2021 and 2020. <div id="t_ft_JBS9UWS6LS00000000000000000000b"> <table cellpadding="0" style="height: 285px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td colspan="16" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 99.368%;"> As of December 31, 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 61.9048%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Amortized Cost </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Unrealized Gain </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.541126%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Unrealized (Loss) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.541126%;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 61.9048%;"> Cash and cash equivalents </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> </tr> <tr style="height: 19px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; background-color: #cceeff; width: 61.9048%;"> U.S. Treasury Bonds </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Total marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Total cash, cash equivalents and marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,689,301 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 19px;"> <td colspan="16" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 99.368%;"> As of December 31, 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Amortized Cost </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Unrealized Gain </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Unrealized (Loss) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Fair Value </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Cash and cash equivalents </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 4,241,937 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; width: 0.487013%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 4,241,937 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; width: 61.9048%;"> U.S. Treasury Bonds </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,388,970 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,386,160 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> Total marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,388,970 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,386,160 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> Total cash, cash equivalents and marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 22,630,907 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 22,628,097 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> </tbody> </table> </div> The Company’s U.S. treasury bonds mature within one year.

<div id="t_ft_JBS9UWS6LS00000000000000000000b"> <table cellpadding="0" style="height: 285px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 18px;"> <td colspan="16" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 99.368%;"> As of December 31, 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 61.9048%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Amortized Cost </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Unrealized Gain </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.541126%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Unrealized (Loss) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.487013%;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 8.5%;"> Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.541126%;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 61.9048%;"> Cash and cash equivalents </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.487013%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.541126%;"> </td> </tr> <tr style="height: 19px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; background-color: #cceeff; width: 61.9048%;"> U.S. Treasury Bonds </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Total marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Total cash, cash equivalents and marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,689,301 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (421 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 34,688,880 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 19px;"> <td colspan="16" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 99.368%;"> As of December 31, 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Amortized Cost </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Unrealized Gain </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Unrealized (Loss) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td colspan="2" style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.5%;"> Fair Value </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 20px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; width: 61.9048%;"> Cash and cash equivalents </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 4,241,937 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; width: 0.487013%;"/> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 4,241,937 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; width: 0.541126%;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 19px; width: 61.9048%;"> U.S. Treasury Bonds </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,388,970 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 19px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,386,160 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> Total marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,388,970 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 18,386,160 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> <tr style="height: 14px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 14px; width: 61.9048%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.487013%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.5%;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 14px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 14px; width: 0.541126%;"> </td> </tr> <tr style="height: 20px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 20px; background-color: #cceeff; width: 61.9048%;"> Total cash, cash equivalents and marketable securities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 22,630,907 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> (2,810 </td> <td style="padding: 1px 1px 1px 0px; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.487013%;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 22,628,097 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 20px; background-color: #cceeff; width: 0.541126%;"> </td> </tr> </tbody> </table> </div>

34688880

421

34689301 421

34688880

4241937

18388970

2810

18386160

18388970

2810

18386160

22630907 2810

22628097

Note 6. Fair Value Measurements Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three levels of the fair value hierarchy: <div id="t_ft_2N50ZNB3UO00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="vertical-align: top; width: 4.86%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="vertical-align: top; width: 4.86%; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"> • </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; padding-left: 0px; padding-right: 0px;"> Level 1—Quoted prices in active markets for identical assets or liabilities. </td> </tr> </tbody> </table> </div> <div id="t_ft_QW8X9CEF1S00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="margin: 0px; text-indent: 0px;"> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> </td> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> • </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px;"> Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. </td> </tr> </tbody> </table> </div> <div id="t_ft_6ENVGO1EHC00000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="margin: 0px; text-indent: 0px;"> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> </td> <td style="vertical-align: top; width: 4.86%; margin: 0px; text-indent: 0px;"> • </td> <td style="vertical-align: top; margin: 0px; text-indent: 0px;"> Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. </td> </tr> </tbody> </table> </div> <div> </div> As of December 31, 2020, the Company's Marketable securities (U.S. treasury bonds) in the amount of $18,386,160 were carried at fair value in accordance with Level 1 as described above. The Company had no financial assets or liabilities as of December 31, 2021 that required valuation in accordance with the Levels described above. The Company recognizes transfers between levels of the fair value hierarchy as of the end of the reporting period. There were no transfers within the hierarchy during the years ended December 31, 2021 and 2020. The carrying amount of the Company’s receivables and payables approximate their fair value due to their maturity.

18386160

Note 7. Inventory As of December 31, 2021 and 2020, inventories consisted of the following: <div id="t_ft_ANNHFF40M800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 81%;"> Raw materials </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 768,862 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 1,008,653 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Work in process </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,071,516 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,304,415 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Finished Goods </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 460,271 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 428,549 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Total Inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,300,649 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,741,617 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Less: noncurrent inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,940,055 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,865,181 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> Total current inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,360,594 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 876,436 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> </tr> </tbody> </table> </div> As of December 31, 2021 and 2020, the Company reserved $821,012 and $721,462 respectively, <span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">for obsolete inventory. The Company records charges for obsolete inventory in cost of goods sold. As of December 31, 2021 and 2020, noncurrent inventory was comprised of approximately $0.9<span style="float: none; color: #000000; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million and $0.7 million of raw materials, respectively, and $3.0<span style="float: none; color: #000000; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;"> million and $4.2 <span style="float: none; color: #000000; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">million of work in process, respectively. Inventory classified under the category Work in process consists of prefabricated assembled product.

<div id="t_ft_ANNHFF40M800000000000000000000b"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 137px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 81%;"> Raw materials </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 768,862 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 1,008,653 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Work in process </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,071,516 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,304,415 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Finished Goods </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 460,271 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 428,549 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Total Inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,300,649 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,741,617 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Less: noncurrent inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,940,055 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4,865,181 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> Total current inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,360,594 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 876,436 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> </tr> </tbody> </table> </div>

768862 1008653 4071516 4304415 460271 428549 5300649 5741617

3940055

4865181

1360594

876436

821012

721462

900000 700000 3000000 4200000

Note 8. Leases The Company accounts for leases in accordance with FASB ASU 2016-02, Leases (Topic 842), and its operating leases consist of office space, manufacturing/warehouse space, and office equipment. The Company elected not to recognize right of use assets and lease liabilities for short term leases, i.e., leases with a noncancelable period of 12 months or less. The Company recognized the option to renew its <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">manufacturing/warehouse space ("Rockaway space") as part of the right of use asset and the lease liability as the Company deemed that the renewal option was reasonably certain to be exercised. In connection with its cost reduction strategies, <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">the Compan<span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">y <span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"><span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">vacated its New Jersey corporate headquarters ("Basking Ridge office space") and <span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">r<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">elocated its corporate headquarters to the Rockaway space effective December 31, 2020. Although the Basking Ridge lease agreement provided for sublease, the Company did not elect this option in light of the economic downturn in commercial real estate due to the pandemic and other factors. In December 2020, the Company informed the Basking Ridge landlord of its intention to vacate the Basking Ridge office space on December 31, 2020. On December 31, 2020, the Company wrote off the net book value of the operating lease right of use asset associated with the Basking Ridge office space in the amount of $534,493 along with the related asset balances totaling $23,050. This charge is reflected in the Company’s Consolidated Statement of Operations for the year ended December 31, 2020, under selling, general and administrative expense. <span style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman'; font-size: 13.3333px; letter-spacing: -0.0666667px; text-align: left; float: none; line-height: inherit; display: inline !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> On September 27, 2021, the Company entered into the Termination and Settlement Agreement ("Agreement") with the lessor of the Basking Ridge office space. The Agreement provided for the immediate termination of the Basking Ridge lease in its entirety. In consideration for the lease termination, the Company agreed to pay the lessor a total of $500,000 in cash and issue to the lessor 200,000 shares of its common stock. As of December 31, 2021, such payments were satisfied by the Company. The Company recorded a gain of $57,371 in connection with the termination of the Agreement which is included in the <span style="font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">accompanying Consolidated Statements of Operations for the year ended December 31, 2021 under the caption Operating expenses - Selling, general and administrative. For the years ended December 31, 2021 and 2020, the Company recognized lease expense of $146,236 and $573,046, respectively. This expense does not include non-lease components associated with the lease agreements as the Company elected not to include such charges as part of the lease expense. Supplemental Balance Sheet Information for Operating Leases: <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <table cellpadding="0" style="height: 162px; width: 100%; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; margin-left: 0.1px;"> <tbody> <tr style="background-color: #ffffff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"> </td> <td colspan="7" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; background-color: #ffffff; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">December 31,</td> </tr> <tr style="height: 16px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;">2021</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;">2020</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 77%;"> Operating leases: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Operating lease right of use assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 613,280 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">$</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">517,257</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Operating lease liabilities: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Current portion of operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 61,403 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">534,547</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Noncurrent operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 699,463 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #cceeff;">885,333</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> Total operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> 760,866 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: right; border-bottom: 2.8pt double #000000;">1,419,880</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Weighted average remaining lease term (in years) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 6.9 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; text-align: right; background-color: #cceeff;">5.7</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">Weighted average discount rate </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">13.8</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">13.8</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">%</td> </tr> </tbody> </table> </div> </div> Future minimum lease payments under non-cancellable operating leases as of December 31, 2021: <table cellpadding="0" style="height: 169px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> Financial year </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> 2022 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 160,486 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> 2023 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;"> 163,962 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 90.5%;">2024</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;">167,524</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> </tr> <tr style="height: 16px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 90.5%; background-color: #cceefc;"> 2025 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;">171,180</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> 2026 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 160,602 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="background-color: #cceefc; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 90.5%; background-color: #cceefc; height: 17px;">2027 and thereafter</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; text-align: right; background-color: #cceefc; height: 17px;">373,118</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> Total future minimum lease payments </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; border-top: 0.75pt solid #000000 !important;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; border-top: 0.75pt solid #000000 !important;"> 1,196,872 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> Less: Amounts representing interest </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;"> (436,006 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 90.5%;"> Total </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-bottom: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%; border-top: 0.75pt solid #000000 !important;"> $ </td> <td style="border-bottom: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; border-top: 0.75pt solid #000000 !important;"> 760,866 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> </tr> </tbody> </table>

12 months or less.

534493

23050

500000

200000 57371

146236

573046

<table cellpadding="0" style="height: 162px; width: 100%; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; margin-left: 0.1px;"> <tbody> <tr style="background-color: #ffffff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #ffffff; height: 17px;"> </td> <td colspan="7" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; background-color: #ffffff; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">December 31,</td> </tr> <tr style="height: 16px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;">2021</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; border-bottom: 1pt solid #000000; background-color: #ffffff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: center; border-bottom: 1pt solid #000000; background-color: #ffffff;">2020</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #ffffff;"> </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 77%;"> Operating leases: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 10%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Operating lease right of use assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 613,280 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">$</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">517,257</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Operating lease liabilities: </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Current portion of operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 61,403 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right;">534,547</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Noncurrent operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 699,463 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; border-bottom: 0.75pt solid #000000; background-color: #cceeff;">885,333</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> Total operating lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> 760,866 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: right; border-bottom: 2.8pt double #000000;">1,419,880</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Weighted average remaining lease term (in years) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 6.9 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; text-align: right; background-color: #cceeff;">5.7</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">Weighted average discount rate </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">13.8</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">13.8</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">%</td> </tr> </tbody> </table>

613280

517257

61403

534547

699463

885333

760866

1419880

P6Y10M24D

P5Y8M12D

0.138

<table cellpadding="0" style="height: 169px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> Financial year </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 8%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> 2022 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 160,486 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> 2023 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;"> 163,962 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 90.5%;">2024</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;">167,524</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%;"> </td> </tr> <tr style="height: 16px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 90.5%; background-color: #cceefc;"> 2025 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 16px; text-align: right; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;">171,180</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px; width: 0.5%; background-color: #cceefc;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> 2026 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%;"> 160,602 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="background-color: #cceefc; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 90.5%; background-color: #cceefc; height: 17px;">2027 and thereafter</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; text-align: right; background-color: #cceefc; height: 17px;">373,118</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; width: 0.5%; background-color: #cceefc; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%;"> Total future minimum lease payments </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; border-top: 0.75pt solid #000000 !important;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; border-top: 0.75pt solid #000000 !important;"> 1,196,872 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> </tr> <tr style="height: 17px; background-color: #cceefc;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 90.5%; background-color: #cceefc;"> Less: Amounts representing interest </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; background-color: #cceefc;"> (436,006 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceefc;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 90.5%;"> Total </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> <td style="border-bottom: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%; border-top: 0.75pt solid #000000 !important;"> $ </td> <td style="border-bottom: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 8%; border-top: 0.75pt solid #000000 !important;"> 760,866 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.5%;"> </td> </tr> </tbody> </table>

160486

163962

167524

171180

160602

373118

1196872

436006

760866

Note 9. Cloud Computing Arrangement In 2018, the Company entered into a contract to obtain a cloud computing arrangement (“CCA”). In accordance with ASU 2018-15, the implementation costs incurred in the CCA were deferred and recognized as other assets and are being amortized to expense over the noncancelable term of the arrangement. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The implementation of this CCA was completed on June 30, 2019. Beginning July 1, 2019, the Company went live with the cloud computing Enterprise Resource Planning system and all future related costs are expensed as incurred. In July 2019, the Company began amortizing the related deferred costs over the remaining period of the noncancelable arrangement. Amortization costs for the years ended December 31, 2021 and 2020 were $282,074 and $282,074, respectively. As of December 31, 2021, the remaining term of the lease is approximately two years. The CCA is included in the accompanying Consolidated Balance Sheet for the years ended December 31, 2021 and 2020 <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">under the caption Other assets, net, and is summarized below: <table cellpadding="0" style="height: 75px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #ffffff; height: 21px;"> <td style="background-color: #ffffff; height: 21px;"> </td> <td style="background-color: #ffffff; height: 21px;"> </td> <td colspan="6" style="background-color: #ffffff; text-align: center; height: 21px; border-bottom: 1pt solid #000000;">December 31, </td> <td style="background-color: #ffffff; text-align: center; height: 21px;"> </td> </tr> <tr style="height: 21px;"> <td style="height: 21px;"> </td> <td style="height: 21px;"> </td> <td style="height: 21px; text-align: center; border-bottom: 1pt solid #000000;"> </td> <td style="text-align: center; height: 21px; border-bottom: 1pt solid #000000;">2021</td> <td style="text-align: center; height: 21px;"> </td> <td style="text-align: center; height: 21px;"> </td> <td style="text-align: center; height: 21px; border-bottom: 1pt solid #000000;"> </td> <td style="height: 21px; text-align: center; border-bottom: 1pt solid #000000;">2020</td> <td style="text-align: center; height: 21px;"> </td> </tr> <tr style="height: 13px; background-color: #cceeff;"> <td colspan="2" style="height: 13px; background-color: #cceeff; width: 77.5%;">Cloud Computing Arrangement</td> <td style="height: 13px; background-color: #cceeff; text-align: center; width: 0.5%;">$</td> <td style="background-color: #cceeff; height: 13px; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;"> </td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;"> </td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;">$</td> <td style="height: 13px; background-color: #cceeff; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: right; height: 13px; width: 0.5%;"> </td> </tr> <tr style="height: 10px;"> <td colspan="2" style="height: 10px;">Less: accumulated amortization</td> <td style="height: 10px; text-align: center;"> </td> <td style="height: 10px; text-align: right;">705,186</td> <td style="text-align: center; height: 10px;"> </td> <td style="text-align: center; height: 10px;"> </td> <td style="text-align: center; height: 10px;"> </td> <td style="height: 10px; text-align: right;">423,112</td> <td style="text-align: right; height: 10px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; background-color: #cceeff;"> </td> <td style="height: 10px; background-color: #cceeff;">Cloud Computing Arrangement, net</td> <td style="height: 10px; background-color: #cceeff; text-align: center; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">$</td> <td style="background-color: #cceeff; height: 10px; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">517,136</td> <td style="background-color: #cceeff; text-align: center; height: 10px;"> </td> <td style="background-color: #cceeff; text-align: center; height: 10px;"> </td> <td style="background-color: #cceeff; text-align: center; height: 10px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">$</td> <td style="height: 10px; background-color: #cceeff; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">799,210</td> <td style="background-color: #cceeff; text-align: right; height: 10px;"> </td> </tr> </tbody> </table> 282074 282074

P2Y

<table cellpadding="0" style="height: 75px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"> <tbody> <tr style="background-color: #ffffff; height: 21px;"> <td style="background-color: #ffffff; height: 21px;"> </td> <td style="background-color: #ffffff; height: 21px;"> </td> <td colspan="6" style="background-color: #ffffff; text-align: center; height: 21px; border-bottom: 1pt solid #000000;">December 31, </td> <td style="background-color: #ffffff; text-align: center; height: 21px;"> </td> </tr> <tr style="height: 21px;"> <td style="height: 21px;"> </td> <td style="height: 21px;"> </td> <td style="height: 21px; text-align: center; border-bottom: 1pt solid #000000;"> </td> <td style="text-align: center; height: 21px; border-bottom: 1pt solid #000000;">2021</td> <td style="text-align: center; height: 21px;"> </td> <td style="text-align: center; height: 21px;"> </td> <td style="text-align: center; height: 21px; border-bottom: 1pt solid #000000;"> </td> <td style="height: 21px; text-align: center; border-bottom: 1pt solid #000000;">2020</td> <td style="text-align: center; height: 21px;"> </td> </tr> <tr style="height: 13px; background-color: #cceeff;"> <td colspan="2" style="height: 13px; background-color: #cceeff; width: 77.5%;">Cloud Computing Arrangement</td> <td style="height: 13px; background-color: #cceeff; text-align: center; width: 0.5%;">$</td> <td style="background-color: #cceeff; height: 13px; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;"> </td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;"> </td> <td style="background-color: #cceeff; text-align: center; height: 13px; width: 0.5%;">$</td> <td style="height: 13px; background-color: #cceeff; text-align: right; width: 10%;">1,222,322</td> <td style="background-color: #cceeff; text-align: right; height: 13px; width: 0.5%;"> </td> </tr> <tr style="height: 10px;"> <td colspan="2" style="height: 10px;">Less: accumulated amortization</td> <td style="height: 10px; text-align: center;"> </td> <td style="height: 10px; text-align: right;">705,186</td> <td style="text-align: center; height: 10px;"> </td> <td style="text-align: center; height: 10px;"> </td> <td style="text-align: center; height: 10px;"> </td> <td style="height: 10px; text-align: right;">423,112</td> <td style="text-align: right; height: 10px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="height: 10px; background-color: #cceeff;"> </td> <td style="height: 10px; background-color: #cceeff;">Cloud Computing Arrangement, net</td> <td style="height: 10px; background-color: #cceeff; text-align: center; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">$</td> <td style="background-color: #cceeff; height: 10px; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">517,136</td> <td style="background-color: #cceeff; text-align: center; height: 10px;"> </td> <td style="background-color: #cceeff; text-align: center; height: 10px;"> </td> <td style="background-color: #cceeff; text-align: center; height: 10px; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">$</td> <td style="height: 10px; background-color: #cceeff; text-align: right; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000;">799,210</td> <td style="background-color: #cceeff; text-align: right; height: 10px;"> </td> </tr> </tbody> </table>

1222322 1222322 705186 423112 517136 799210

Note 10. Accrued Expenses and Other Current Liabilities Accrued expenses as of December 31, 2021 and 2020 consisted of the following: <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none; margin: 0px; text-indent: 0px;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_ILXDO5BM1C00000000000000000000b"> <table cellpadding="0" style="height: 154px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 77%; background-color: #cceeff;"> Accrued professional fees </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;"> 468,101 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;"> 270,543 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Accrued bonuses and incentive compensation </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 1,849,159 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 1,424,878 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;">Accrued insurance expense</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">499,195</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">164,832</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="margin-left: 0.1px; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;">Other employee related expenses</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">455,110</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">371,033</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <div style="border-left: none; border-right: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Miscellaneous taxes payable</div> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 17px;">262,515</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 17px;">243,245</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Other </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 346,898 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 491,171 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 3,880,978 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 2,965,702 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> </tr> </tbody> </table> </div> </div> </div> <p style="color: #000000; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 0px;"> Finance and Security Agreements </div> </div> <div style="border-left: none; border-right: none; margin: 0px; text-indent: 0px;"> <p class="ng-scope" style="color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; margin: 6pt 0pt 0pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"><span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On July 2, 2021, the Company entered into a Commercial Insurance Premium Finance and Security Agreement (“the 2021 Agreement”). The 2021 Agreement provides for a single borrowing by the Company of $<span style="cursor: default; color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">1.2<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">million, with a ten<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-month term and an annual interest rate of<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> 1.55<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%. The proceeds from this transaction were used to partially fund the premiums due under some of the Company’s insurance policies. The amounts payable are secured by the Company’s rights under such policies. The Company began to pay monthly installments of approximately $124,800<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">beginning in July 2021. As of<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">December 31, 2021<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">, the remaining balance un<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">der the Agreement was $499,195 <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">and during the year ended December 31, 2021, the Company recognized $5,292 in interest expense. <p class="ng-scope" style="color: rgb(0, 0, 0); font-family: "Times New Roman"; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; margin: 12pt 0pt 0pt; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">On July 1, 2020, the Company entered into a Commercial Insurance Premium Finance and Security Agreement (“the 2020 Agreement”). The 2020 Agreement provides for a single borrowing by the Company of $1.2 million, with a seven-month term and an annual interest rate of 2.18%. The proceeds from this transaction were used to partially fund the premiums due under some of the Company’s insurance policies. All borrowings related to the 2020 Agreement were fully repaid as of December 31, 2021. </div>

<div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_ILXDO5BM1C00000000000000000000b"> <table cellpadding="0" style="height: 154px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; width: 77%; background-color: #cceeff;"> Accrued professional fees </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;"> 468,101 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;"> 270,543 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Accrued bonuses and incentive compensation </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 1,849,159 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 1,424,878 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;">Accrued insurance expense</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">499,195</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px; background-color: #cceeff;">164,832</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="margin-left: 0.1px; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;">Other employee related expenses</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">455,110</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; height: 17px;">371,033</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <div style="border-left: none; border-right: none;"><span style="color: #000000; font-family: 'times new roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Miscellaneous taxes payable</div> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 17px;">262,515</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; background-color: #cceeff; height: 17px;">243,245</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td> </tr> <tr style="height: 17px; margin-left: 0.1px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Other </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 346,898 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 491,171 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; margin-left: 0.1px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 3,880,978 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 2,965,702 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td> </tr> </tbody> </table> </div> </div> </div>

468101

270543

1849159

1424878

499195

164832

455110

371033

262515 243245

346898

491171

3880978

2965702

1200000

0.0155

124800

499195

5292

1200000

0.0218

Note 11. Note Payable <span style="color: #000000; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Paycheck Protection Program <p style="color: #000000; font-family: ' times new roman', times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 6pt 0pt 0pt;">On May 4, 2020, the Company received proceeds of $1.4 million in connection with a promissory note (the “Note”) entered into with Citibank, N.A. (the “Lender”) evidencing an unsecured loan (the “Loan”) under the <span style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Paycheck Protection Program ("PPP"). The PPP is a program of the SBA established under the CARES Act. Under the PPP, the proceeds of the Loan may be used for payroll and certain covered interest payments, lease payments and utility payments (“Qualifying Expenses”). The Company used the entire Loan amount for Qualifying Expenses under the PPP. <p style="color: #000000; font-family: ' times new roman', times; font-size: 13.33px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0pt; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; margin: 12pt 0pt 0pt;">On May 18, 2021, the Company received notification from the Lender of SBA's approval of the Company's application for loan forgiveness. Accordingly, the Company was not required to repay the loan. The Company has recorded the loan forgiveness as a gain in the accompanying Consolidated Statements of Operations for the year ended December 31, 2021 under the caption Gain on extinguishment of debt.

1400000

<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Note 12. Stockholders’ Equity Public Offering of Common Stock On July 2, 2021, the Company completed a public offering of 20,700,000 shares of its common stock at a purchase price of $1.00 per share. The net proceeds of the offering to the Company were approximately $18.8 million, after deducting the underwriting discounts, commissions, and other offering expenses. Other 2021 Securities Purchase Agreements <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;">On August 30, 2021, the Company entered into a Securities Purchase Agreement with its legal counsel pursuant to which the Company issued 952,380 shares of common stock, at a purchase price of $1.05 per share. Upon issuance of the shares, certain of the Company's outstanding financial obligations to its legal counsel were deemed paid and satisfied in full. <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;">Settlement of Lease Liability <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: 1.2;">During 2021, the Company agreed to issue 200,000 shares of its common stock in connection with the lease termination related to its former headquarters located in Basking Ridge, NJ. <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Settlement of Accrued Bonus <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">In January 2021, the Company issued 165,413 shares of its common stock as payment for certain executive incentive bonuses accrued in 2020. <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Lincoln Park Purchase Agreement <p style="margin: 6pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On March 27, 2020, the Company and Lincoln Park entered into an equity facility purchase agreement ("Purchase Agreement") pursuant to which the Company has the right to sell to Lincoln Park shares of common stock having an aggregate value of up to $25,000,000, subject to certain limitations and conditions set forth in the purchase agreement. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Upon entering into the Purchase Agreement with Lincoln Park, the Company issued an aggregate of 461,676 shares of common stock to Lincoln Park as a commitment fee. The fair value of these shares on the date of issuance was approximately $186,300. During 2020, the Company issued an additional 230,838 shares of common stock to Lincoln Park as a further commitment fee based on the first $5,000,000 of shares of common stock issued to Lincoln Park under the Purchase Agreement as Purchase Shares (as such term is defined in the Purchase Agreement). The Company did not receive any cash proceeds from the issuance of any of the foregoing commitment shares. No further commitment fee shares remain issuable under the Purchase Agreement. The net proceeds under the Purchase Agreement to the Company will depend on the frequency and prices at which shares of common stock are sold to Lincoln Park. Actual sales of shares of common stock to Lincoln Park under the Purchase Agreement and the amount of such net proceeds will depend on a variety of factors, including market conditions, the trading price of the common stock and determinations by the Company as to other available and appropriate sources of funding for the Company. The Company has and expects to continue to use the proceeds from this agreement for general corporate purposes and working capital. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">During 2020, the Company sold 10,179,676 shares of common stock under the Purchase Agreement, resulting in aggregate proceeds of approximately $15.5 million to the Company. In January 2021, the Company sold an additional 2,750,000 shares of its common stock under the Purchase Agreement, resulting in aggregate proceeds of approximately $6.9 million to the Company. On March 11, 2021, the Company terminated the Purchase Agreement and, accordingly, the Company will not sell any further shares of its common stock to Lincoln Park under the Purchase Agreement. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Other 2020 Securities Purchase Agreements <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On April 14, 2020, the Company entered into a Securities Purchase Agreement (“First SPA”) with certain accredited investors pursuant to which the Company agreed to sell an aggregate of 2,058,822 shares of common stock at a purchase price of $0.85 per share for aggregate proceeds to the Company of approximately $1.75 million. Each of the purchasers was an affiliate and/or existing shareholder of the Company, including some members of the Company’s board of directors. In addition, the purchasers were granted customary registration rights as further described in the First SPA. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On May 14, 2020, the Company entered into a Securities Purchase Agreement (“Second SPA”) with its legal counsel pursuant to which the Company agreed to issue 1,564,345 shares of common stock, at a purchase price of $0.99 per share. Upon issuance of the shares, certain outstanding financial obligations of the Company owed to its legal counsel were deemed paid and satisfied in full. In addition, the Company’s legal counsel was granted customary registration rights as further described in the Second SPA. During 2020, the Company recorded a non-cash charge of $156,434 in connection with this transaction. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">On May 18, 2020, the Company entered into a third Securities Purchase Agreement (“Third SPA”) with certain accredited investors pursuant to which the Company agreed to sell an aggregate of 505,205 shares of common stock at a purchase price of $0.9178 per share, for aggregate proceeds to the Company of approximately $0.45 million. In addition, the purchasers were granted customary registration rights as further described in the Third SPA. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Stock Purchase Warrants <p style="margin: 8pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The following table presents a summary of stock purchase warrants outstanding as of December 31, 2021: <p style="margin: 0px; color: rgb(0, 0, 0); font-family: "times new roman", times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <div> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 50.9569%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 10.925%;"> Number of Warrants </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 11.0048%;"> Weighted Average Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 11.0048%;"> Weighted Average Remaining Contractual Term (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 10.0478%;"> Aggregate Intrinsic Value </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 50.9569%;"> Outstanding, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 715,199 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 12.39 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 0.9 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> — </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 50.9569%;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 50.9569%;"> Exercised </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 50.9569%;"> Expired </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> (498,255 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> 12.54 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 50.9569%;"> Outstanding, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> 216,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> 12.04 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> 0.80 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 50.9569%;"> Exercisable, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> </div> </div>

20700000

18.8

952380

1.05

200000

165413

25000000

461676

186300 230838

5000000

10179676

15.5

2750000

6900000

2058822

0.85

1750000

1564345

0.99

156434

505205

0.9178

450000

<table cellpadding="0" style="height: 130px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 50.9569%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 10.925%;"> Number of Warrants </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 11.0048%;"> Weighted Average Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 11.0048%;"> Weighted Average Remaining Contractual Term (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 1.03668%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 0.956938%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px; width: 10.0478%;"> Aggregate Intrinsic Value </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 50.9569%;"> Outstanding, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 715,199 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 12.39 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> 0.9 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"> — </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 50.9569%;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 50.9569%;"> Exercised </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 50.9569%;"> Expired </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> (498,255 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> 12.54 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 50.9569%;"> Outstanding, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> 216,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> 12.04 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> 0.80 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 50.9569%;"> Exercisable, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 9.9681%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 1.03668%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; width: 0.956938%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10.0478%;"> — </td> </tr> </tbody> </table>

715199

12.39

P0Y10M24D

498255

12.54

216944

12.04

P0Y9M18D

<div style="border-left: none; border-right: none;"> Note 13. Net Loss Per Share <span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period.<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> <span style="color: #000000; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">Diluted loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding adjusted to give effect to potentially dilutive securities. Restricted stock and unit awards, and stock options have not been included in the diluted loss per share calculation as their inclusion would have had an anti-dilutive effect. The potential common stock equivalents that have been excluded from the computation of diluted loss per share consist of the following: <div style="border-left: none; border-right: none;"> <table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 86px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77.5%;"> Outstanding stock options </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;"> 5,136,679 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;"> 3,815,585 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> Nonvested restricted stock and unit awards </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> 1,084,649 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> 1,039,768 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Stock purchase warrants </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> 216,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> 715,199 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.25pt double #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.25pt double #000000;"> 6,438,272 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; border-bottom: 2.25pt double #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; text-align: right; height: 10px; border-bottom: 2.25pt double #000000;">5,570,552</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px;"> </td> </tr> </tbody> </table> <div> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> </div> </div> </div> </div> </div> </div> </div> </div> </div>

<table cellpadding="0" style="border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 86px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td colspan="6" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77.5%;"> Outstanding stock options </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;"> 5,136,679 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 10%;"> 3,815,585 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> Nonvested restricted stock and unit awards </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> 1,084,649 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> 1,039,768 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 16px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Stock purchase warrants </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> 216,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> 715,199 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.25pt double #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.25pt double #000000;"> 6,438,272 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; border-bottom: 2.25pt double #000000;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; text-align: right; height: 10px; border-bottom: 2.25pt double #000000;">5,570,552</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px;"> </td> </tr> </tbody> </table>

5136679

3815585

1084649

1039768

216944

715199

6438272

5570552

Note 14. Variable Interest Entity As discussed in Note 1, electroCore was the primary beneficiary of electroCore (Aust) Pty Limited ("<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: -0.0666667px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">electroCore<span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Times New Roman'; font-size: 13.3333px; letter-spacing: -0.0666667px; text-align: left; float: none; line-height: inherit; display: inline !important;">Australia"). electroCore has contributed certain intellectual property rights, all rights to distribute, market and sell specified products in Australia and New Zealand, and other rights outlined in the shareholders’ deed of electroCore (Aust) Pty Limited in return for 50% of the shares of such entity. In addition, electroCore had the right to appoint two of the four directors and exercise significant influence. This along with the fact that electroCore was <span style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'times new roman', times; font-size: 13.3333px; letter-spacing: -0.0666667px; float: none; display: inline !important;">electroCore<span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-size: 13.3333px; letter-spacing: -0.0666667px; text-align: left; float: none; line-height: inherit; display: inline !important;">Australia’s only supplier caused electroCore, for accounting purposes, to be the primary beneficiary of electroCoreAustralia. The activities related to electroCoreAustralia were not material to the Company's consolidated financial statements. Effective May 2017, the VIE had ceased operations. <span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: -0.0666667px; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;">On November 2, 2021, the Company terminated its interest in electroCoreAustralia and<span style="font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: -0.0666667px; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; line-height: inherit; display: inline !important;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> recorded the related a gain of $549,254 in the accompanying Consolidated Statement of Operations for the year ended December 31, 2021 under the caption Gain on termination of joint venture.

0.50

2 4

549254

Note 15. Income Taxes The benefit for income taxes for the years ended December 31, 2021 and 2020 consisted of foreign taxes, state minimum tax and a benefit from the sale of state net operating losses. <p style="margin: 12pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Domestic and foreign components of the loss before provision for income taxes is as follows: <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <table cellpadding="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 71%;"> Domestic </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> (16,679,171 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> (23,706,567 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> ) </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Foreign </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,390,069 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (975,373 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> ) </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> Total </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> (18,069,240 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 10px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> (24,681,940 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td> </tr> </tbody> </table> <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <p style="margin: 2pt 0pt 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The income tax provision from continuing operations contains the following components: <p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> <table cellpadding="0" style="height: 136px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 71%;"> Federal </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> State </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (870,323 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Foreign </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid #000000;"> 19,153 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Total current </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (851,170 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Total deferred </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total income tax benefit </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (851,170 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> </tbody> </table> The Company has evaluated the available evidence supporting the realization of its deferred tax assets, including the amount and timing of future taxable income, and has determined that it is more likely than not that its net deferred tax assets will not be realized in the United States and certain foreign jurisdictions. Due to uncertainties surrounding the realization of the deferred tax assets, the Company maintains a full valuation allowance against all of its net deferred tax assets. When the Company determines that it will be able to realize some portion or all of its deferred tax assets, an adjustment to its valuation allowance on its deferred tax assets would have the effect of increasing net income in the period such determination is made. The net change in the valuation allowance was an increase of $3.9 million. The significant components of the Company’s deferred income tax assets and liabilities after applying enacted corporate tax rates are as follows: <table cellpadding="0" style="height: 370px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 0.75pt solid #000000;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 19px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 0.75pt solid #000000;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 70%;"> Net operating loss carryforwards </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> 26,924,101 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> </td> <td style="padding: 0px; vertical-align: middle; height: 10px; width: 2%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> 24,319,202 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Accrued expenses </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 579,321 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 540,072 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Intangibles </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 468,716 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 429,783 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 216,120 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 202,580 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Allowance for bad debt</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">3,139</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Deferred rent </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 27,019 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Charitable contributions </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 10,572 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 11,277 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> R&D credit </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 429,784 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 438,117 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Deferred FICA Tax </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">6,942</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 200,288 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 398,689 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Stock compensation </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> 4,429,809 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> 3,069,124 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 33,268,792 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 29,435,863 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Less valuation allowance </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;"> (32,867,581 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;"> (28,974,378 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 401,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 461,485 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Fixed assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (5,856) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"/> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (16,119 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Prepaid expenses </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> (233,917 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> (300,125 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Right of use asset </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> (161,438 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> (145,241 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total deferred tax liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (401,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (461,485 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Deferred tax assets, net </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> </tr> </tbody> </table> A reconciliation of the income tax provision computed at statutory rates to the reported income tax provision for the years ended December 31, 2021 and 2020 is as follows: <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 204px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="4" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 19px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 73%;"> Statutory rate </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 12%; text-align: right;"> (21.0) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="border-top: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 12%; text-align: right;"> (21.0) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> % </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> State tax expected (recovery), net of federal benefit </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> 5.7 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; text-align: right;"> (4.2) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">Stock compensation</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">(5.7)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">(6.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">State tax NOL sale</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;">(3.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; text-align: right;">(3.7)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">%</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Nondeductible expenses </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 2.1 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> (0.5) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> PPP loan forgiveness </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> (1.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; text-align: right;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">Unrealized gain from termination of joint venture</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: right;">(1.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: right;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">Other</td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; text-align: right;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; text-align: right;">(0.1)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">%</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Change in valuation allowance for deferred tax assets </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 21.5 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 31.6 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> Income tax benefit </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> (4.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; text-align: right;"> (4.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> % </td> </tr> </tbody> </table> As of December 31, 2021 and 2020, the Company had accumulated net operating losses totaling $103.9 million and $87.2 million, respectively, in the U.S. (federal and state), which may be available to carry forward and offset future years' taxable income. U.S. federal losses can be carried forward indefinitely, and state losses expire in various amounts beginning in 2026. The Company also had accumulated losses totaling $3.6 million and $3.9 million in Germany which can be carried forward indefinitely. However, the NOL carryforwards may be, or become subject to, an annual limitation in the event of certain cumulative changes in the ownership interest of significant stockholders over a three year period in excess of 50%, as defined under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, as well as similar state tax provisions. This could limit the amount of NOLs that the Company can utilize annually to offset future taxable income or tax liabilities. The amount of the annual limitation, if any, will be determined based on the value of the Company immediately prior to an ownership change. Subsequent ownership changes may further affect the limitation in future years. If and when the Company utilizes the NOL carryforwards in a future period, it will perform an analysis to determine the effect, if any, of these loss limitation rules on the NOL carryforward balances. During the year ended December 31, 2021 in accordance with the State of New Jersey's Technology Business Tax Certificate Program, which allowed certain high technology and biotechnology companies to sell unused NOL carry forwards to other New Jersey based corporate taxpayers, the Company sold New Jersey NOL carry forwards, resulting in the recognition of $876,690 of income tax benefit, net of transaction costs. The Company recognized $1,170,890 of income tax benefit from the sale of New Jersey carry forwards in 2020. There can be no assurance as to the continuation or magnitude of this program in the future. As of December 31, 2021, the Company had Federal and NJ research and development credits of $282,801 and $191,863 respectively. The Federal R&D credits can be carried forward 20 years and will begin to expire in 2038. The New Jersey R&D credits can be carried forward seven years and will begin to expire in 2025. Uncertain Tax Positions The Company has adopted certain provisions of ASC 740, “Income Taxes”, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns. The provisions also provide guidance on the de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. The Company files income tax returns in the U.S. federal jurisdiction, and in various state and foreign jurisdictions. The Company’s tax returns are subject to tax examinations by U.S. federal and state tax authorities, or examinations by foreign tax authorities until the expiration of the respective statutes of limitation. The Company currently has no tax years under examination. As of December 31, 2021, the Company does not have an accrual relating to uncertain tax positions. Interest and penalties, if any, as they relate to income taxes assessed, are included in the income tax provision. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Coronavirus Aid, Relief, and Economic Security Act On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, the "CARES Act", was enacted and signed into law, and GAAP requires recognition of the tax effects of new legislation during the reporting period that includes the enactment date. The CARES Act, among other things, includes changes to the tax provisions that benefits business entities and makes certain technical corrections to the 2017 Tax Cuts and Jobs Act, including, permitting net operating losses, or NOLs, carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes. The CARES Act provides other reliefs and stimulus measures. The Company has evaluated the impact of the CARES Act, and determined that the provisions of the CARES Act did not have an impact on its financial statements or internal controls over financial reporting.

<table cellpadding="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 71%;"> Domestic </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> (16,679,171 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> (23,706,567 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> ) </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Foreign </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,390,069 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (975,373 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> ) </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> Total </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> (18,069,240 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 10px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> (24,681,940 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td> </tr> </tbody> </table>

-16679171

-23706567

1390069

975373

-18069240

-24681940

<table cellpadding="0" style="height: 136px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> December 31, 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 71%;"> Federal </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> State </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (870,323 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Foreign </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1px solid #000000;"> 19,153 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Total current </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (851,170 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 1px solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Total deferred </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total income tax benefit </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (851,170 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> (1,170,890 </td> <td style="padding: 0px 0px 1px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> </tbody> </table>

870323

1170890

-19153

851170

1170890

-851170

-1170890

3900000

<table cellpadding="0" style="height: 370px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 19px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 0.75pt solid #000000;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 19px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 0.75pt solid #000000;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 70%;"> Net operating loss carryforwards </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> 26,924,101 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> </td> <td style="padding: 0px; vertical-align: middle; height: 10px; width: 2%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px; width: 12%;"> 24,319,202 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 10px; width: 1%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Accrued expenses </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 579,321 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 540,072 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Intangibles </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 468,716 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 429,783 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Inventory </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 216,120 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 202,580 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Allowance for bad debt</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">3,139</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Deferred rent </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 27,019 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Charitable contributions </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 10,572 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 11,277 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> R&D credit </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 429,784 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 438,117 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Deferred FICA Tax </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">6,942</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Lease liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 200,288 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 398,689 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Stock compensation </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> 4,429,809 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> 3,069,124 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 33,268,792 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> 29,435,863 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> Less valuation allowance </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;"> (32,867,581 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 1pt solid #000000;"> (28,974,378 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total deferred tax assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 401,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> 461,485 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Fixed assets </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (5,856) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"/> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (16,119 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Prepaid expenses </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> (233,917 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> (300,125 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Right of use asset </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> (161,438 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding: 0px; vertical-align: middle; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 0.75pt solid #000000;"> (145,241 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Total deferred tax liabilities </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (401,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (461,485 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Deferred tax assets, net </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px; border-bottom: 2.8pt double #000000;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> </tr> </tbody> </table>

26924101

24319202

579321

540072

468716

429783

216120

202580

3139

27019

10572

11277

429784

438117

6942

200288 398689

4429809

3069124

33268792

29435863

32867581

28974378

401211

461485

5856

16119

233917

300125

161438 145241

401211

461485

<table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 204px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="4" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 19px; background-color: #ffffff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> <td style="border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> 2020 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; background-color: #ffffff;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 73%;"> Statutory rate </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 12%; text-align: right;"> (21.0) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> </td> <td style="border-top: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 12%; text-align: right;"> (21.0) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 1%;"> % </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> State tax expected (recovery), net of federal benefit </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> 5.7 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; text-align: right;"> (4.2) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">Stock compensation</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">(5.7)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;">(6.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> </tr> <tr style="height: 16px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">State tax NOL sale</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 16px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;">(3.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; text-align: right;">(3.7)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px;">%</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Nondeductible expenses </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 2.1 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> (0.5) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> PPP loan forgiveness </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> (1.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; text-align: right;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> % </td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; text-align: left; background-color: #cceeff;">Unrealized gain from termination of joint venture</td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: right;">(1.8)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;"> </td> <td style="padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 16px; background-color: #cceeff; text-align: right;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 16px; background-color: #cceeff;">%</td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">Other</td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; padding-left: 0px; margin: 0px; text-indent: 0px; height: 17px; text-align: right;">—</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">%</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; text-align: right;">(0.1)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;">%</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> Change in valuation allowance for deferred tax assets </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 21.5 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right;"> 31.6 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> % </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> Income tax benefit </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: middle; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px; text-align: right;"> (4.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> % </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding: 0px; vertical-align: middle; height: 18px; margin: 0px; text-indent: 0px; text-align: right;"> (4.7) </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> % </td> </tr> </tbody> </table>

0.21

-0.057

0.042

0.057

0.068

0.038

0.037

-0.021

0.005

0.017 0.018

0.001

-0.215

-0.316

0.047

103900000 87.2 3600000 3.9 P3Y 0.50 282801 191863 P20Y P7Y 1

Note 16. Stock Based Compensation On June 21, 2018, the Company adopted the 2018 Omnibus Equity Incentive Plan (“Plan”). This plan reserved 6.2 million shares with an increase to be added annually beginning in 2019 through 2028 up to 4% of the total number of shares of common stock issued and outstanding on a fully diluted basis as of the end of the immediately preceding fiscal year, providing that the aggregate number of additional shares shall not exceed a total of 45 million shares, and a maximum of 40 million shares pursuant to the exercise of stock options. Effective January 1, 2022, the number of shares reserved under the Plan was increased by 2.0 million to approximately 10.9 million.<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> The Company’s policy is to issue new shares of its common stock upon the exercise of stock options, new grants of restricted stock awards, and settlement of restricted stock units. Stock options issued under the plan have a contractual life of 10<span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> years and are generally forfeited upon separation from the Company. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">The following table presents stock compensation expense recognized by the Company for the years ended December 31, 2021 and 2020. Total unrecognized compensation cost related to equity awards as of December 31, 2021 was $4.3 million and is expected to be recognized over the next 2.0 years. <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;"> <div> <div> <table cellpadding="0" style="height: 90px; border-collapse: collapse; padding: 2px; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin: 0px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 12px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 0.75pt solid #000000;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 0.75pt solid #000000;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Selling, general and administrative </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;">2,901,624</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 2,360,629 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Research and development </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 332,503 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 831,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Cost of goods sold </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 67,956 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 73,738 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px;"> Total expense </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,302,083 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,266,311 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> </tbody> </table> </div> </div> The following table presents a summary of stock option award activity during the year ended December 31, 2021: <div style="border-left: none; border-right: none;"> <table cellpadding="0" style="height: 162px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Number of Options </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Weighted Average Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Weighted Average Remaining Contractual Term (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Aggregate Intrinsic Value </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.5%;"> Outstanding, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 3,815,585 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 5.56 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 8.9 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 342,551 </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,355,136 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.97 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 21,627 </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Exercised </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (34,042 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5.53 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,566 </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Outstanding, December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,136,679 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4.61 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 8.0 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; text-align: left;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> Exercisable, December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2,356,657 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 7.03 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 7.4 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: left;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> </tbody> </table> </div> The intrinsic value is calculated as the difference between the fair market value at December 31, 2021 and the exercise price per share of the stock options. Options awards granted to employees generally vest over a four-year period. The following table provides additional information about stock options that are outstanding and exercisable at December 31, 2021: <table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Outstanding (number) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Outstanding Weighted Average Remaining Contractual Life (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Exercisable (number) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> $0.01 - $2.50 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> 3,422,675 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> 8.4 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 23.5%;"> 1,224,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> $2.51 - $7.52 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 677,250 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 8.1 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 243,018 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> $7.53 - $15.00 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,036,754 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 6.5 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 889,428 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> </tbody> </table> The following table presents a summary of restricted stock award ("RSA" or "RSAs") activity during the year ended December 31, 2021: <table cellpadding="0" style="height: 120px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Number of Shares </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Weighted Average Grant Date Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76.5%;"> Nonvested, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 25,645 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 10.07 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 165,413 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.41 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Vested </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> (155,999 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.88 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (6,085 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5.45 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Nonvested, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 28,974 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 6.19 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> </tbody> </table> In general, RSAs granted to employees vest over a four-year period. The following table presents a summary of restricted and deferred stock unit (“Unit” or "Units") activity during the year ended December 31, 2021: <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Number of Shares </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Weighted Average Grant Date Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> Nonvested, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 1,014,123 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 1.50 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 438,316 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.07 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Vested </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> (391,410 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.71 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (5,354 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.97 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Nonvested, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,055,675 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.66 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> </tbody> </table> In general, Units granted to employees vest over two to four years. Immediately following the Company’s annual meeting of stockholders, the Company generally grants each non-employee director an equity award that vests over a 12-month period. Upon a non-employee director’s initial appointment or election to the board of directors, the Company grants such non-employee director an equity award subject to vesting as determined by the board of directors. Valuation Information for Stock-Based Compensation The fair value of each stock option award granted was estimated on the date of grant using the Black-Scholes model. Expected volatility was based on historical common stock volatility of the Company’s peers. The risk-free interest rate was based on the average U.S. Treasury rate that most closely resembles the expected life of the related award. The expected term of the award was calculated using the simplified method. No dividend was assumed as the Company does not pay regular dividends on its common stock and does not anticipate paying any dividends in the foreseeable future. The weighted average assumptions used in the Black-Scholes option pricing model in valuing stock options granted in the periods presented were: <table cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> Fair value at grant date </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; width: 0.5%;">$</td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> 1.32 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff; width: 0.5%;">$</td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> 0.98 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Expected volatility </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; margin-left: 0.1px; vertical-align: bottom;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; height: 18px; margin-left: 0.1px; vertical-align: bottom;"> 80.2% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> 134.2% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Risk-free interest rate </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> 0.7% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> 0.7% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Expected holding period, in years </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 6.0 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> 6.1 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Dividend yield </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> </tbody> </table> The fair value of RSAs and Units is the market close price of the Company’s common stock on the trading day immediately preceding the date of grant.

6200000

0.04

45000000

40000000

10.9

P10Y

4300000

P2Y

<table cellpadding="0" style="height: 90px; border-collapse: collapse; padding: 2px; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin: 0px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="6" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 0.75pt solid #000000;"> Year ended December 31, </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 12px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 0.75pt solid #000000;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px; border-bottom: 0.75pt solid #000000;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 12px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 77%;"> Selling, general and administrative </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;">2,901,624</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 2,360,629 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> Research and development </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 332,503 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 831,944 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> Cost of goods sold </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 67,956 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 73,738 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px;"> Total expense </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,302,083 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000; padding-left: 0px; margin: 0px; text-indent: 0px;"> 3,266,311 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> </tr> </tbody> </table>

2901624

2360629

332503

831944

67956

73738

3302083

3266311

<table cellpadding="0" style="height: 162px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 33px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Number of Options </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Weighted Average Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Weighted Average Remaining Contractual Term (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 33px;"> Aggregate Intrinsic Value </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 55.5%;"> Outstanding, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 3,815,585 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 5.56 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 8.9 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 342,551 </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,355,136 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.97 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 21,627 </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Exercised </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (34,042 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5.53 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> <span style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">$ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,566 </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Outstanding, December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5,136,679 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 4.61 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 8.0 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; text-align: left;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> <tr style="height: 10px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> Exercisable, December 31, 2021 </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2,356,657 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 2.25pt double #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 7.03 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 7.4 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 10px; text-align: left;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 10px; padding-left: 0px; margin: 0px; text-indent: 0px;"> — </td> </tr> </tbody> </table>

3815585

5.56

P8Y10M24D

342551

1355136

1.97

21627

34042

5.53

1566

5136679

4.61

P8Y

2356657

7.03

P7Y4M24D

<table cellpadding="0" style="height: 85px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Exercise Price </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Outstanding (number) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Outstanding Weighted Average Remaining Contractual Life (Years) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Options Exercisable (number) </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> $0.01 - $2.50 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> 3,422,675 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 24%;"> 8.4 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 23.5%;"> 1,224,211 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> $2.51 - $7.52 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 677,250 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 8.1 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 243,018 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> $7.53 - $15.00 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,036,754 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 6.5 </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 889,428 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> </tbody> </table>

0.01

2.5

3422675

P8Y4M24D

1224211

2.51

7.52

677250

P8Y1M6D

243018

7.53

1036754

P6Y6M

889428

<table cellpadding="0" style="height: 120px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Number of Shares </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Weighted Average Grant Date Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76.5%;"> Nonvested, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 25,645 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 10.07 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 165,413 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.41 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Vested </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> (155,999 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.88 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (6,085 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 5.45 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Nonvested, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 28,974 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 6.19 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> </tbody> </table>

25645

10.07

165413

2.41

155999

2.88

6085

5.45

28974

6.19

<table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Number of Shares </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> <td colspan="2" style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> Weighted Average Grant Date Fair Value </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 34px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> Nonvested, January 1, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 1,014,123 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px; width: 10%;"> 1.50 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Granted </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 438,316 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 2.07 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Vested </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> (391,410 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.71 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Cancelled </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> (5,354 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;">)</td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 17px; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.97 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> Nonvested, December 31, 2021 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1,055,675 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> $ </td> <td style="border-bottom: 2.25pt double #000000; border-top: 0.75pt solid #000000; padding-right: 0px; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff; padding-left: 0px; margin: 0px; text-indent: 0px;"> 1.66 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"> </td> </tr> </tbody> </table>

1014123

1.5

438316

2.07

391410

1.71

5354

1.97

1055675

1.66

P4Y

P12M

<table cellpadding="0" style="height: 0px; border-collapse: collapse; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2021 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="background-color: #ffffff; border-bottom: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> Fair value at grant date </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff; width: 0.5%;">$</td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> 1.32 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff; width: 0.5%;">$</td> <td style="border-top: 0.75pt solid #000000; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> 0.98 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> </td> </tr> <tr style="height: 18px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> Expected volatility </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; margin-left: 0.1px; vertical-align: bottom;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; height: 18px; margin-left: 0.1px; vertical-align: bottom;"> 80.2% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 18px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> 134.2% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 18px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Risk-free interest rate </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> 0.7% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> 0.7% </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> Expected holding period, in years </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> 6.0 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> 6.1 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Dividend yield </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; background-color: #cceeff;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> — </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> </td> </tr> </tbody> </table>

1.32

0.98

0.802

1.342

0.007

P6Y

P6Y1M6D

Note 17. Commitments and Contingencies Stockholders Litigation On July 8, 2019 and August 1, 2019, purported stockholders of the Company served putative class action lawsuits in the Superior Court of New Jersey for Somerset County, captioned Paul Kuehl vs. electroCore, Inc., et al., Docket No. SOM-L 000876-19 and Shirley Stone vs. electroCore, Inc., et al., Docket No. SOM-L 001007-19, respectively. In addition to the Company, the defendants included present and past directors and officers, Evercore Group L.L.C., Cantor Fitzgerald & Co., JMP Securities LLC and BTIG, LLC, the underwriters for its IPO; and two of the Company’s stockholders. On August 15, 2019, the Superior Court entered an order consolidating the Kuehl and Stone actions, which proceeded under Docket No. SOM-L 000876-19. Each plaintiff was appointed a co-lead plaintiff. The plaintiffs filed a consolidated amended complaint, which sought certification of a class of stockholders who purchased common stock in the IPO or whose purchases are traceable to that offering. The consolidated amended complaint alleged that the defendants violated Sections 11, 12(a)(2) and 15 of the Securities Act with respect to the registration statement and related prospectus for the IPO. The complaint sought unspecified compensatory damages, interest, costs and attorneys’ fees. On October 31, 2019, the Company and the other defendants filed a motion to dismiss the complaint or in the alternative to stay the action in favor of the pending federal action (discussed below). On February 21, 2020 the court granted the defendants’ motion to dismiss the consolidated amended complaint with prejudice. On March 2, 2020 the court entered an amended order dismissing the consolidated amended complaint with prejudice. On March 27, 2020, the plaintiffs filed a notice of appeal with the N.J. Superior Court – Appellate Division. The appeal was argued on September 27, 2021. On October 8, 2021, the Appellate Division issued an order reversing the decision of the Superior Court. The case was remanded to the Superior Court for oral argument on the motion to dismiss. On November 11, 2021 the defendants filed a supplemental motion to dismiss based on the certificate of incorporation’s forum selection clause. On December 10, 2021, the Superior Court heard argument of the original motion to dismiss and the supplemental motion to dismiss based on the federal forum selection clause. On December 14, 2021, the Superior Court granted both motions in their entirety and dismissed the action without leave to re-plead. <span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">On January 27, 2022, the plaintiffs filed a notice of appeal to the Appellate Division. A briefing schedule has been set by the Appellate Division for the appeal but an argument date has not been set. On September 26, 2019 and October 31, 2019, purported stockholders of the Company served putative class action lawsuits in the United States District Court for the District of New Jersey captioned Allyn Turnofsky vs. electroCore, Inc., et al., Case 3:19-cv-18400, and Priewe vs. electroCore, Inc., et al., Case 1:19-cv-19653, respectively. In addition to the Company, the defendants include present and past directors and officers, and Evercore Group L.L.C., Cantor Fitzgerald & Co., JMP Securities LLC and BTIG, LLC, the underwriters for the IPO. The plaintiffs each seek to represent a class of stockholders who (i) purchased the Company’s common stock in the IPO or whose purchases are traceable to the IPO, or (ii) who purchased common stock between the IPO and September 25, 2019. The complaints each alleged that the defendants violated Sections 11 and 15 of the Securities Act and Sections 10(b) and 20(a) of the Exchange Act, with respect to (i) the registration statement and related prospectus for the IPO, and (ii) certain post-IPO disclosures filed with the SEC. The complaints sought unspecified compensatory damages, interest, costs and attorneys’ fees. In the Turnofsky case, on November 25, 2019 several plaintiffs and their counsel moved to be selected as lead plaintiff and lead plaintiff’s counsel. On April 24, 2020. the Court granted the motion of Carole Tibbs and the firm Bragar, Eagel & Squire, P.C. On July 17, 2020 the plaintiffs filed an amended complaint in Turnofsky. In addition to the prior claims, the amended complaint added an additional director defendant and two investors as defendants and adds a claim against the Company and the underwriters for violating Section 12(a)(2) of the Securities Act. On September 15, 2020, the Company and the other defendants filed a motion to dismiss the amended complaint for failure to state a claim. On November 6, 2020, the plaintiffs filed their opposition to the motion to dismiss. The Company and the other defendants filed reply papers in support of the motion on December 7, 2020. Argument of the motion to dismiss occurred on June 18, 2021. On August 13, 2021, the Court dismissed the amended complaint with leave to re-plead. On October 4, 2021, the plaintiffs filed a second amended complaint. On November 17, 2021, the defendants moved to dismiss the new complaint. Briefing on the motion is now complete. Argument of the motion has not yet been scheduled. The Priewe case was voluntarily dismissed on February 19, 2020. On March 4, 2021, purported stockholder Richard Martz brought a purported stockholder derivative action in the United States District Court for the District of New Jersey. The action is captioned Richard Maltz, derivatively on behalf of electroCore, Inc., vs. Francis R. Amato, et al., Case 3:21-cv-04135. The defendants include present and past directors and officers of the Company. The plaintiff purports to pursue derivative claims on behalf of the Company in connection with the IPO and actions occurring between the IPO and September 25, 2019. The complaint alleges that demand on the board of directors is excused. The complaint purports to allege claims against the defendants for violating Section 14(a) of the Exchange Act, breaching fiduciary duties, unjust enrichment and waste of corporate assets. The complaint also purports to allege claims for contribution in connection with the Turnofsky case described above, pursuant to Section 11(f) of the Securities Act and Sections 10(b) and 21D of the Exchange Act. The complaint seeks unspecified compensatory damages, interest, costs and attorneys’ fees; declaratory relief; and an order requiring changes to corporate governance and internal procedures and a vote on proposed amendments to the Bylaws and Certificate of Incorporation. On March 8, 2021, purported stockholder Ewrin Yuson brought a purported stockholder derivative action in the United States District Court for the District of New Jersey. The action is captioned Erwin Yuson, derivatively on behalf of electroCore, Inc., vs. Francis R. Amato, et al., Case 3:21-cv-04481. The defendants include present and past directors and officers of the Company. The plaintiff purports to pursue derivative claims on behalf of the Company in connection with a 2019 proxy statement and actions occurring from the IPO through September 25, 2019. The complaint alleges that demand on the board of directors is excused. The complaint purports to allege claims against the defendants for violating Section 14(a) of the Exchange Act and breaching fiduciary duties. The complaint seeks unspecified compensatory damages, interest, costs and attorneys’ fees; declaratory relief; and an order requiring changes to corporate governance and internal procedures and a vote on proposed amendments to the Bylaws and Certificate of Incorporation. The Company intends to continue to vigorously defend itself in these matters. However, in light of, among other things, the preliminary stage of these litigation matters, the Company is unable to determine the reasonable probability of loss or a range of potential loss. Accordingly, the Company has not established an accrual for potential losses, if any, that could result from any unfavorable outcome, and there can be no assurance that these litigation matters will not result in substantial defense costs and/or judgments or settlements that could adversely affect the Company’s financial condition. The Company expenses associated legal fees in the period they are incurred. Purchase Commitments The Company enters into contracts in the normal course of business with contract research organizations for its clinical trials, contract manufacturing organizations for the manufacture and supply of its clinical and commercial product needs and other vendors for other research and development and commercial activities, as well as services and products for operating purposes. The Company’s agreements generally provide for termination with notice. Such agreements that are cancelable contracts are not included as purchase commitments. The Company has included as purchase obligations its commitments under agreements to the extent they are quantifiable and are not cancelable. The Company has purchase obligations of approximately $1.3 million as of December 31, 2021.

1300000

Note 18. Restructuring Charges and Other Related Charges <span style="float: none; color: #222222; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px; display: inline !important;">The following table provides a summary of the Company’s restructuring and other related charges for the year end December 31, 2020: <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FIA17UCWUO00000000000000000000b"> <table cellpadding="0" style="height: 98px; border-collapse: collapse; padding: 2px; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 85.3987%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.538793%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 10.5%;"> <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year ended <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31, 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.592672%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 85.3987%;"> Employee separation costs </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> 271,164 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.592672%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 85.3987%;"> Payment in lieu of severance </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> 175,000 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.592672%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 85.3987%;"> Other restructuring costs </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff; width: 10%;"> 18,442 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.592672%;"> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px; width: 85.3987%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000; width: 0.5%;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000; width: 10%;"> 464,606 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.592672%;"> </td> </tr> </tbody> </table> </div> </div> </div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> </div> <div><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">In January 2020, the Company entered into a separation agreement with a former officer which agreement required an aggregate severance payment of $190,000<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"> over a six<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">-month period. In January 2020, the Company also entered into an agreement with a new employee that required the unconditional payment of $175,000<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, in lieu of future severance to be paid in equal monthly installments over a fourteen<span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">-month period. <span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">As of December 31, 2021, the Company has no payable in connection with the above described charges. </div> </div> </div>

<div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div id="t_ft_FIA17UCWUO00000000000000000000b"> <table cellpadding="0" style="height: 98px; border-collapse: collapse; padding: 2px; margin: 0px auto; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 85.3987%;"> </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.538793%;"> </td> <td colspan="2" style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; border-bottom: 1pt solid #000000; width: 10.5%;"> <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Year ended <span style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">December 31, 2020 </td> <td style="background-color: #ffffff; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.592672%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 85.3987%;"> Employee separation costs </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.5%;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> 271,164 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.592672%;"> </td> </tr> <tr style="height: 17px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; width: 85.3987%;"> Payment in lieu of severance </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 10%;"> 175,000 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; width: 0.592672%;"> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 85.3987%;"> Other restructuring costs </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff; width: 0.5%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; border-bottom: 0.75pt solid #000000; background-color: #cceeff; width: 10%;"> 18,442 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 0.592672%;"> </td> </tr> <tr style="height: 19px;"> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: middle; height: 19px; width: 85.3987%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.538793%;"> </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000; width: 0.5%;"> $ </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; border-bottom: 2.8pt double #000000; width: 10%;"> 464,606 </td> <td style="padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; height: 19px; width: 0.592672%;"> </td> </tr> </tbody> </table> </div> </div> </div> </div>

271164

175000

18442

464606

190000

175000

Reflects commitment shares issued in accordance with the Company's equity facility purchase agreement with Lincoln Park Capital. For additional information see Note 12. Stockholders' Equity, Lincoln Park Purchase Agreement.