Note 9 – Subsequent Events

Management has evaluated subsequent events to determine if events or transactions occurring through the date on which the condensed financial statements were issued require adjustment or disclosure in the Company's condensed financial statements.

Subsequent to March 31, 2020, the Company applied for the Employee Retention Credit (the "ERC"), which is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law in March 2020. The ERC provides up to a $5,000 refundable credit for each full-time employee the Company retains between March 13, 2020 and December 31, 2020.

On May 12, 2020, the Company entered into an amendment with the remaining holders of the 2017 Warrants pursuant to which the expiration date of the applicable 2017 Warrants was extended from June 30, 2020 to September 30, 2021.

Subsequent to March 31, 2020, stock options to purchase 10,000 shares of the Company's common stock were exercised for cash proceeds of $7,300.

Subsequent to March 31, 2020, warrants to purchase 20,000 shares of the Company's common stock were exercised for cash proceeds of $45,000.