7. Subsequent Events

During July 2024, the balance of 267,000 of abeyance shares related to the May 2024 Warrant Inducement were pulled by the investor. Accordingly, shares outstanding increased by 267,000 during the third quarter of 2024 related to the issuance of the 267,000 abeyance shares from the May 2024 Warrant Inducement, leaving no further abeyance shares outstanding.

In June 2024, the Company entered into an ATM Agreement with the maximum offering price of $1,157,761. During July 2024, the Company issued 355,806 shares of Common Stock under the ATM Agreement resulting in gross proceeds of $1,157,248 before deducting issuance costs. After issuance of the 355,806 shares during July 2024, $513 remained registered under the ATM Agreement. On August 2, 2024, the Company increased the maximum aggregate offering price of the shares of the Company’s common stock issuable under the ATM Agreement by $505,000, from $1,157,761 to $1,662,761.