Quarterly report pursuant to Section 13 or 15(d)

Other Transaction

Other Transaction
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
On October 31, 2019, the Company and ST Engineering Hackney, Inc. (“Hackney”) entered into an Asset Purchase Agreement to purchase certain assets and assume certain liabilities of Hackney. Upon execution of the agreement, the Company deposited approximately 2.3 million shares of its common stock into an escrow account that were to be released to Hackney if certain conditions were met.

The Company believes that such conditions were not met and does not expect to make further payments to Hackney in connection with the Asset Purchase Agreement. Further, the Company expects the shares to be released from escrow in 2022.