17. SUBSEQUENT EVENTS

The Company has evaluated subsequent events through April 1, 2024, the date these consolidated financial statements were issued. There were no material events or transactions that require disclosure in the financial statements other than the items discussed below.

Equity financing

ATM Offering

Subsequent to December 31, 2023, the Company issued 19,183,258 shares of its common stock and received $5,956 of net proceeds resulting from ATM issuances. On March 19, 2024, the Ascendiant Sales Agreement was amended to increase the amount available from $960 to $6,260. On March 29, 2024, the Ascendiant Sales Agreement was amended to increase the amount available from $6,260 to $9,010.

Regulation A Public Offering

Subsequent to December 31, 2023, the Company issued 27,397,258 shares of its common stock and received $6,575 of net proceeds resulting from a Form 1-A public offering of its common stock pursuant to Regulation A.

Debt financing

Issuance of common shares as payment on notes payable

Subsequent to December 31, 2023, the Company issued 11,484,403 shares of its common stock pursuant to an exchange agreement in exchange for a reduction of $1,720 on the outstanding balance of the November Notes. On March 18, 2024, the Company paid the November Notes in full.

Issuances of Common Stock

Subsequent to December 31, 2023, the Company issued 4,514 shares of common stock to Mr. Cutaia associated with the vesting of restricted stock units.

Employment Agreement Extension

Subsequent to December 31, 2023, the Company extended Mr. Cutaia’s employment agreement for 4 years.