Commitments and Contingencies |
12 Months Ended | |||||||||
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Dec. 31, 2021 | ||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||
| Commitments and Contingencies |
Note 13 – Commitments and Contingencies
Pending Litigation
In the normal course of business or otherwise, the Company may become involved in legal proceedings. The Company will accrue a liability for such matters when it is probable that a liability has been incurred and the amount can be reasonable estimated. When only a range of possible loss can be established, the most probable amount in the range is accrued. The accrual for a litigation loss contingency might include, for example, estimates of potential damages, outside legal fees, and other directly related costs expected to be incurred.
Employment Agreements
In November 2021, the Company entered into a one-year employment agreement with VP of Finance and Head of Investor Relations of the Company, pursuant to which the Company rewards bonus management shares will be granted in blocks every quarter if any of the below three performances metrics are met during the employment term:
During the year ended December 31, 2021 and 2020, The Company recognized employee compensation amount of $ and $, respectively.
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