Note 7 – At-the-Market Offering

In May 2020, the Company entered into an At-the-Market Offering Sales Agreement (the “ATM”) with Virtu Americas, LLC as sales agent. During the three months ended June 30, 2021, the Company sold 654,642 shares of its common stock under the ATM program for proceeds of $882,183, net of commissions. The Company incurred professional fees of $21,294 related to the ATM and recognized those costs as a reduction to additional paid-in capital in the accompanying condensed balance sheets. Due to the timing of sales, 173,540 shares were issued, and the related proceeds were received, in July 2021 (see Note 11 Subsequent Events). During the three months ended June 30, 2020, the Company sold 2,350,067 shares of its common stock under the ATM program for proceeds of $4,305,115, net of commissions and professional fees of $217,693.