Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  



The Company has evaluated subsequent events through August 14, 2023, the date these financial statements are available to be issued. The Company believes there were no material events or transactions discovered during this evaluation that requires recognition or disclosure in the financial statements other than the items discussed below.


Lease Termination


On July 3, 2023, the Company entered into a lease termination agreement with its landlord related to the office lease in Newport Beach, California. As part of the lease termination agreement, the Company agreed to vacate the property by August 15, 2023.


Issuances of Common Stock


On July 7, 2023, the Company issued 180,831 shares of its common stock pursuant to an Exchange Agreement in exchange for a reduction of $200 on the outstanding balance on the November Notes.


On July 29, 2023, the Company issued 2,948 shares of common stock to Mr. Cutaia associated with the vesting of restricted stock units.


Execution of Lease Agreement


On August 8, 2023, the Company entered into a corporate office lease agreement for its office in California. The agreement requires the Company to pay $8 per month for a term through September 30, 2026.