|12 Months Ended|
Dec. 31, 2020
Note 19 — Subsequent Events
Since December 31, 2020, a total of 7,196,378 warrants were exercised on a cash basis resulting in the issuance of 7,196,378 shares of common stock in exchange for proceeds of $34,352,848. Additionally, as a result of stock option exercises, mostly on a cashless basis, we have issued an additional 48,747 shares of common stock.
On January 28, 2021, Intel converted all of its 49,626 shares of Series A Preferred Stock into 4,962,600 shares of common stock and the shares of Series A Preferred Stock have been retired and cannot be reissued. In connection with the foregoing, Intel and the Company entered into an agreement on the conversion date pursuant to which Intel agreed to accept $10,000,000 in full payment of all accrued Series A Preferred Stock dividends in the approximate amount of $10,800,000.
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