Subsequent Events |
6 Months Ended |
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Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events |
Note 9. Subsequent Events
On December 31, 2021, Daniel Schneeberger, M.D. advised the Company of his resignation as Chief Executive Officer “CEO” of the Company and from the Board of Directors, effective on February 1, 2022. On January 3, 2022, Simon Allen was appointed to be the Company’s CEO and elected a member of the Board of Directors, both of which became effective on February 1, 2022. Pursuant to his employment agreement, Mr. Allen will receive a base salary during the term of his employment at an annual rate of $450,000. The Company also agreed to issue stock options to Mr. Allen under our 2020 Stock Incentive Plan to purchase a total of 625,000 shares.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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