Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF STOCKHOLDERS' EQUITY

v3.20.1
STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Common Stock
Additional Paid-in Capital
Parent's Net Investment
Retained Earnings (Accumulated Deficit)
Total
Balance at Dec. 31, 2017 $ 0 $ 0 $ 625,000 $ 0 $ 625,000
Balance (in Shares) at Dec. 31, 2017 0        
Net loss $ 0 0 (1,888,000) 0 (1,888,000)
Advances from parent 0 0 1,544,000 0 1,544,000
Balance at Dec. 31, 2018 $ 0 0 281,000 0 281,000
Balance (in Shares) at Dec. 31, 2018 0        
Net loss $ 0 0 (1,685,000) (238,000) (1,923,000)
Transfers from parent 0 0 1,345,000 0 1,345,000
Reclassification of parent's net investment in connection with spin-off, June 21, 2019 0 (59,000) 59,000 0 0
Common stock distributed in connection with spin-off, June 21, 2019 $ 5,000 (5,000) 0 0 0
Common stock distributed in connection with spinoff, June 21, 2019 (in Shares) 5,005,211        
Issuance of common stock, net of issuance costs $ 52,000 621,000 0 0 673,000
Issuance of common stock, net of issuance costs (in shares) 52,499,997        
Share-based compensation $ 0 4,000 0 0 4,000
Balance at Dec. 31, 2019 $ 57,000 $ 561,000 $ 0 $ (238,000) $ 380,000
Balance (in Shares) at Dec. 31, 2019 57,505,208