Annual report pursuant to Section 13 and 15(d)

Statements of Convertible Preferred Stock, Common Stock and Stockholders' Equity (Deficit)

v3.21.2
Statements of Convertible Preferred Stock, Common Stock and Stockholders' Equity (Deficit) - USD ($)
Series A Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Total
Beginning balance at Apr. 22, 2020
Issuance of common stock $ 12,000 (8,500) 3,500
Issuance of common stock, shares   12,000,000      
Issuance of Series A convertible preferred stock, net of issuance costs of $24,248 $ 2,975,752
Issuance of Series A convertible preferred stock, net of issuance costs of $24,248, shares 2,047,500        
Net loss (174,637) (174,637)
Ending balance at Jun. 30, 2020 $ 2,975,752 $ 12,000 (183,137) (171,137)
Ending balance, shares at Jun. 30, 2020 2,047,500 12,000,000      
Issuance of restricted common stock $ 983 (983)
Issuance of restricted common stock, shares 982,500      
Deemed dividend (8,208,393) (8,208,393)
Cashless exercise of Milestone Warrant into convertible preferred stock $ 37,085,103
Cashless exercise of Milestone Warrant into convertible preferred stock, shares 5,236,343        
Conversion of convertible preferred stock to common stock upon closing of initial public offering $ (40,060,855) $ 7,284 40,053,571 40,060,855
Conversion of convertible preferred stock to common stock upon closing of initial public offering, shares (7,283,843) 7,283,843      
Issuance of common stock from initial public offering net of issuance costs of approximately $1,764,000 $ 3,078 19,780,062 19,783,140
Issuance of common stock from initial public offering net of issuance costs of approximately $1,764,000, shares   3,078,224      
Stock-based compensation expense 199,947 199,947
Net loss (30,252,554) (30,252,554)
Ending balance at Jun. 30, 2021 $ 23,345 $ 60,032,597 $ (38,644,084) $ 21,411,858
Ending balance, shares at Jun. 30, 2021 23,344,567