|3 Months Ended|
Mar. 31, 2021
At March 31, 2020, the Company was authorized to issue two classes of membership interests, voting and non-voting. Dr. William Pridgen, the Founder, held the only voting membership interest of the Company. There was no value assigned to voting membership interest on the balance sheet as of March 31, 2020, as the Founder’s membership interest was granted for contributed patents that were not assigned a value under U.S. GAAP.
In conjunction with the Corporate Conversion, all of the Company’s outstanding membership interests converted into shares of common stock.
The entire disclosure for the formation, structure, control and ownership of a limited liability company (LLC).
Reference 1: http://www.xbrl.org/2003/role/disclosureRef